Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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News

Home-loan payoffs in Colorado fall to 5-year low

April 17, 2014
According to a new report released today by the Colorado Division of Housing, public trustees in Colorado released a total of 50,128 deeds of trust during the first quarter of 2014, which was the lowest quarterly total recorded since the Division began collecting quarterly totals in 2008.
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TitleOne names Mark Tidd CEO, promotes four executives

April 17, 2014
TitleOne Corp., an Idaho-based title and escrow company, named Mark Tidd as its CEO.
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Despite 1Q earnings falling, Goldman Sachs beats estimates

April 17, 2014
Goldman Sachs reported that its first-quarter net income decreased 10%, posting a net income of $2.03 billion.
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Key MERS legal employees turn away from company

Company now under federal scrutiny
April 17, 2014
Now almost two decades after the creation of the Mortgage Electronic Registration Systems, the once under-the-radar company is back in the spotlight as a handful of executive-level employees leave.
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Guaranteed Rate names Martin Logan as chief information officer

April 17, 2014
At Guaranteed Rate, Martin Logan will lead the company’s efforts to completely integrate modern technology into the traditionally paper-based mortgage process and develop the first fully digital mortgage.
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Ocwen’s Erbey: Lawsky hold has frozen all MSR deals

HLSS reports 1Q net income of $43.7M
April 17, 2014
HLSS Chairman William Erbey says the New York Department of Financial Services’ indefinite hold on the $2.7 billion MSR deal between Ocwen Financial and Wells Fargo put a freeze on all MSR deals in the market.
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The states and cities with the most underwater homes

RealtyTrac breaks down the trouble hotspots
April 17, 2014
But where are they? And how do they breakdown? HousingWire will walk you through it.
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Bank CEO banned for buying condo with TARP money

Used $381,487 to buy himself a condo in Florida
April 17, 2014
According to the Federal Reserve Board, former bank CEO Darryl Woods took $381,487.45 of TARP funds to purchase a condo for himself in Fort Meyers, Fla.
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Morgan Stanley annual 1Q earnings increase 55%

April 17, 2014
Morgan Stanley recorded a first quarter surge in earnings with a 55% increase as higher revenue from its institutional securities business augmented another strong quarter from wealth management.
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Where's Watt?

FHFA scorecard should be marked tardy
April 17, 2014
A question HousingWire has been hearing and asking is simply, “Where is Mel Watt?”
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