Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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Lending

TitleOne names Mark Tidd CEO, promotes four executives

April 17, 2014
TitleOne Corp., an Idaho-based title and escrow company, named Mark Tidd as its CEO.
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Despite 1Q earnings falling, Goldman Sachs beats estimates

April 17, 2014
Goldman Sachs reported that its first-quarter net income decreased 10%, posting a net income of $2.03 billion.
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Key MERS legal employees turn away from company

Company now under federal scrutiny
April 17, 2014
Now almost two decades after the creation of the Mortgage Electronic Registration Systems, the once under-the-radar company is back in the spotlight as a handful of executive-level employees leave the company.
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Guaranteed Rate names Martin Logan as chief information officer

April 17, 2014
At Guaranteed Rate, Martin Logan will lead the company’s efforts to completely integrate modern technology into the traditionally paper-based mortgage process and develop the first fully digital mortgage.
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Bank CEO banned for buying condo with TARP money

Used $381,487 to buy himself a condo in Florida
April 17, 2014
According to the Federal Reserve Board, former bank CEO Darryl Woods took $381,487.45 of TARP funds to purchase a condo for himself in Fort Meyers, Fla.
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Morgan Stanley annual 1Q earnings increase 55%

April 17, 2014
Morgan Stanley recorded a first quarter surge in earnings with a 55% increase as higher revenue from its institutional securities business augmented another strong quarter from wealth management.
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Where's Watt?

FHFA scorecard should be marked tardy
April 17, 2014
A question HousingWire has been hearing and asking is simply, “Where is Mel Watt?”
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Jobless claims remain at 7-year low

41% lower than same week last year
April 17, 2014
The 4-week moving average of unemployment claims is 312,000, which is the lowest since October 2007.
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Palisades to oversee Oaktree's mortgage assets

April 17, 2014
Palisades will serve as the credit manager of pools of single family residential loans held in more than thirty individual securitization trusts beneficially owned by Oaktree, representing over $3.2 billion of unpaid principal balance.
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Mortgage slowdown hits BB&T earnings

Just misses with 1Q net income of $501M
April 17, 2014
Following a trend in first quarter earnings for banks thus far, BBT saw a serious decline in mortgage activity.
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