Investments

Could the mortgage market be facing a liquidity crisis?

Kroll Bond Rating Agency's Christopher Whalen thinks so
The mortgage market could be staring at a liquidity crisis in the very near future thanks in part to the Federal Reserve's repeated reluctance to increase interest rates, Kroll Bond Rating Agency Senior Managing Director Christopher Whalen told CNBC on Wednesday.
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Federal court tosses #Fanniegate suit seeking to inspect Freddie Mac's records

Tim Pagliara, leader of Investors Unite, wanted a look at Freddie's books
In what is already being called a "blow to shareholders," a federal court in Virginia ruled Tuesday that a Freddie Mac shareholder does not have the right to inspect the government-sponsored enterprise's financial records, thanks to the conservatorship agreements that went into effect when the government took over Freddie Mac and Fannie Mae.
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Nomura upgrades Altisource Residential on growing single-family rental business

Analysts bullish on company's potential for growth
Altisource Residential Corporation recently disclosed its second quarter financial results, reporting that it took a net loss of $63.5 million during the second quarter. But despite that loss, analysts from Nomura are bullish on the company’s future prospects. The reason? Altisource's growing single-family rental business.
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DOJ again rebuked in effort to enforce massive BofA 'Hustle' mortgage fine

Billion-dollar settlement for Countrywide home loans denied
Needless to say, the federal government probably isn’t too happy with the United States Court of Appeals for the Second Circuit right now. That's because for the second time in three months, the Second Circuit rebuked an effort by the government to extract one of the largest fines to come out of the housing crisis.
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Kobe Bryant launches $100M venture capital fund, reveals housing tech investment

HouseCanary among NBA legend's initial portfolio
NBA legend Kobe Bryant closed out his professional basketball career earlier this year by dropping 60 points on the Utah Jazz in his final game with the Los Angeles Lakers, and now Bryant is prepared to drop $100 million as a venture capitalist. And one of Bryant's first investments is a name familiar to the housing industry.
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Time to worry? Time to close a loan ticking back up

Or is this the new normal?
In the months immediately after the implementation of the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures rule, the time to close a mortgage loan rose as the industry worked through the new and complex process surrounding the dissemination of loan information to borrowers. Since then, closing times fell, but now they're on the way back up, which begs the question: Is this the start of a trend? Or is this just the new normal?
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JPMorgan, FDIC, Deutsche Bank finalize settlement in WaMu mortgage suit

JPM paid $645 million from receivership estate
JPMorgan Chase’s legal battle with the Federal Deposit Insurance Corp. and Deutsche Bank AG over its acquisition of Washington Mutual’s banking operations is finally over. The settlement closes the door on issues that date back to the financial crisis. After nearly a decade of back and forth battles, here's what the parties agreed on.
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