Did little-known Arizona law start the appraiser death clock?

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs

JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
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Investments

JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange
Ben Lane
It’s probably safe to say that of all the elected officials that walk the halls on Capitol Hill, Sen. Elizabeth Warren isn’t Wall Street’s favorite, but a newly released excerpt from Warren’s book “A Fighting Chance,” shows just how tense her interactions with Wall Street’s bigwigs can be.
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Former FDIC chair unleashes sharp critique of Fannie, Freddie treatment

William Isaac says Treasury sweep of profits puts taxpayers at risk
Trey Garrison
The sweep of Freddie and Fannie profits to Treasury puts taxpayers at a great risk of having to bailout the GSEs if, as FHFA's OIG suggests, profitability goes south. The latest sounding the warning? The former head of the Federal Deposit Insurance Corp. Think he's right?
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Wintrust Bank to acquire North Bank

Chicago-based bank purchased for $17 million
Ben Lane
The purchase price of $17 million is “subject to possible adjustment,” Wintrust said, and will be paid in cash in exchange for all outstanding shares of North Bank's common stock.
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KBRA: High compliance costs will drive commercial lenders from mortgage space

Loans on family mortgages not drawing much interest
Trey Garrison
The way things have been trending, commercial lenders don’t have much – wait for it – interest in mortgage loans. Is the sector going to continue to wane?
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Blogatative Easing: Ben Bernanke, Brookings blogger

Return to the scene of the crime?
Trey Garrison
Ben Bernanke has gone from being the most powerful conjurer at that Hogwarts known as the Federal Reserve to being a lowly blogger for the Brookings Institute.
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Supreme Court revives ING mortgage bond lawsuit

Investor class action claims hidden risks in 2007 MBS offering
Trey Garrison
As it turns out, ING's risk exposure in the United States isn't yet finished. The Supreme Court of the United States revived a class action case accusing ING Groep NV of illegally hiding the risks of mortgage-backed securities.
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Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

The direction of housing and mortgage finance could turn this week
Trey Garrison
Housing and mortgage finance has had a rough time so far this year. This week could be the week it turns, or the week that turns on the industry. Either way, we’ll still have baseball.
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B2R Finance launches first multi-borrower single-family rental securitization

Consists of $230 million aggregate balance
Brena Swanson
Moving into a new territory for the industry, B2R Finance announced its first multi-borrower SFR securitization transaction.
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Congresswoman wants to put Fannie, Freddie profits in escrow

Introduces bill to force action on GSE reform
Trey Garrison
A congress member wants to put profits from the government sponsored enterprises in escrow. Is it so crazy it just might work?
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Confirmed: White House tapping senior HUD advisor to head FHA

Former Freddie Mac exec Edward Golding to be named
Trey Garrison
Former Freddie Mac executive and current senior HUD advisor is being named the new head of FHA.
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