WATCH: Famous televangelist gives terrible reverse mortgage advice

S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions

FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed
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News

Mary Matalin to keynote second day of ABS West

Pundit made a splash at BPC”s housing summit
Trey Garrison
That 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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Judge rules Fannie, Freddie lawsuits can continue

WSJ: Win for investors in ongoing GSE suit
Trey Garrison
A federal claims judge has ruled against the federal government, saying that a lawsuit brought by investors over the treatment of Fannie Mae and Freddie Mac can proceed. Here's the latest.
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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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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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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 announces Real Estate Lending conference in Baltimore

Regulatory realities headline session
Trey Garrison
The American Bankers Association will host its Real Estate Lending Conference, April 8-10 in Baltimore. Regulatory realities and how to make it through will be the focus. Here are the details. Plan accordingly.
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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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