CFPB wants more mortgages in "underserved" areas

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria
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Lending

New FHA guidelines to delay reverse mortgage foreclosures

HECM spouses get to stay for longer
Ben Lane
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses during the foreclosure process.
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CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
Brena Swanson
Right now there are few players in the rural and underserved mortgage lending space. But the Consumer Financial Protection Bureau is now pushing to change that.
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Swanepoel lists the 200 most powerful people in real estate

Zillow, Realogy top the list
Brena Swanson
The list of who's who in residential real estate is here. Names like Glenn Kelman, CEO and president of Redfin, and Dale Stinton, CEO of the National Association of Realtors, can be found amid the list, with the first and second place names coming off as no surprise.
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Freddie Mac: Mortgage rates reverse course, move higher

Still hover around yearly lows
Brena Swanson
Mortgages rate finally reversed course and slightly edged higher. However, despite the increase, rates remain at the lowest levels since May 2013.
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Homeownership hits 20-year low in 4Q14

Level buoyed by delinquencies
Homeownership in the fourth quarter hit a 20-year low. Here's what's happening.
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Moody’s: FHA premium cut will increase home sales by 45,000 this year

Provides a "meaningful boost" to housing economy
Ben Lane
According to the Moody’s report, the FHA premium cut will reach its maximum impact in mid-2016, when Moody’s Analytics’ model expects annualized home sales to increase by 100,000 as a result of the FHA cut, with 40,000 additional single-family housing starts in 2016 as well.
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WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria
Jacob Gaffney
In Pat Robertson’s world, there is only one kind of reverse mortgage and that is the Home Equity Conversion Mortgage from the Federal Housing Administration. And, he knows little about it. Nonetheless, he goes right ahead and fires away.
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ABA renews endorsement of Fannie Mae secondary market options

Says it helps community banks stay competitive
Trey Garrison
The ABA says Fannie Mae secondary market options help community banks remain competitive in their local markets. Here’s how.
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Mortgage applications drop 3.2% after two weeks of strong gains

Refinancings slip 5% for the week
Trey Garrison
Following two weeks of incredibly strong weekly gains, mortgage applications decreased 3.2% from one week earlier. Here’s what happened.
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Executive Conversation: Milt Shaw on leadership and vendor management

PEMCO Limited meets compliance challenges head on
Sarah Wheeler

As an AMC, compliance with regulations is a critical component to success. We maintain strong relationships and continuously outperform our competitors. Regulations differ from state to state so we decided to grow slowly and concentrate in building a strong client foundation in California prior to evaluating opportunities in other states.


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