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
W S

Investments

Pending home sales see second biggest monthly drop since May 2010

NAR thinks it may be time for existing owners to trade up
Trey Garrison
Pending homes sales stalled out in December, the worst monthly drop since May 2010. Here's what happened and what it portends.
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RealtyTrac: Best markets for buying rental properties

Best returns, biggest rent jumps and more
Trey Garrison
Where are the best markets for buying single-family rentals in the first quarter of 2015? RealtyTrac has the answer, and then some. Let's dive in.
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Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”
Ben Lane
Fitch Ratings is sounding the alarm on residential mortgage-backed securities that contain loans serviced by Ocwen Loan Servicing, an affiliate of Ocwen Financial, telling investors to expect a downgrade on the ratings of Ocwen-related RMBS transactions soon.
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Nomura fighting back against FHFA toxic mortgage lawsuit

Claims U.S. unit “did nothing wrong”
Ben Lane
Nomura Holdings reportedly does not want to settle with the Federal Housing Finance Agency because it claims that its U.S. unit did not knowingly sell bonds backed by fraudulently originated loans to Fannie Mae and Freddie Mac in the run-up to the crisis.
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Mary Matalin to keynote second day of ABS West

Pundit made a splash at BPC's housing summit
Trey Garrison

Magic is in the air as it gets closer to ABS West in Las Vegas, and now the event has announced its second keynote speaker. Here’s what’s what.


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Freddie Mac prices first 2015 STACR risk-sharing deal

Offered first-loss position for first time
Ben Lane
Freddie Mac announced the pricing of its first Structured Agency Credit Risk transaction of 2015, which marked the first time that investors were offered the opportunity to purchase the first-loss position in a risk-sharing deal.
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S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions
Ben Lane
Standard & Poor’s is reportedly closing in on a $1.37 billion settlement with the U.S. Department of Justice and more than a dozen states over claims that S&P knowingly misled investors by issuing trumped up ratings for pre-crisis residential mortgage-backed securities.
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On Julián Castro: I’m not sure there’s any there there

One thing's for sure, he could step into Biden’s shoes
Trey Garrison
After watching him on the Daily Show, you realize Julián Castro may not be the HUD secretary housing needs, but he's the one the country deserves.
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Moody’s: Ocwen’s California settlement won’t hurt RMBS investors

But it’s not all sunshine and roses either
Ben Lane
For investors in RMBS that contain Ocwen-serviced loans, the impact of the California settlement will be felt, but nowhere nearly as deeply as if Ocwen’s punishment was more severe. But that doesn't mean that the impact of the settlement is minimal either.
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Arch MI launches new mortgage insurance company

Given financial strength rating of ‘A3’
Brena Swanson
Arch MI announced it is opening a new mortgage insurance company right as the market starts to increase focus in that area due to new regulations. The new company, AMG, is a mortgage insurance company specifically created for mortgage loans that originators intend to retain in their portfolios or include in private securitizations and is not subject to GSE requirements.
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