Goldman Sachs: Expect interest rates to rise in September

Goldman Sachs: Expect interest rates to rise in September

Mortgages not getting any cheaper for homeowners

Why nonbanks are booming, and what kind of risk they bring

4 factors policymakers need to watch

LenderLive acquires Walz Group

Walz will continue brand as stand-alone division
W S

The Ticker

Scathing Senator Warren: SEC Chair’s tenure “extremely disappointing”

Liberal Democrat leader castigates White in 13-page letter
Trey Garrison
The senator considered the de facto leader of the liberal wing of the Democrat party fired off a scathing 13-page open letter to the head of the Securities and Exchange Commission, criticizing her failure to keep promises made in confirmation. Want to know more?
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HSBC facing $34 billion mortgage debt lawsuit

BlackRock, PIMCO, others proceed as plaintiffs
Jacob Gaffney
According to the Reuters, the judge dismissed some claims, including for negligence and negligent misrepresentation. She also gave the plaintiffs 30 days to amend their complaints, and scheduled a June 24 conference. Looks like this is going to happen.
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RBS loses leader of asset-backed products and credit trading

Scott Eichel departs
Ben Lane
The Royal Bank of Scotland Group, which is already in the midst of a massive upheaval in its mortgage-trading business, is losing the global head of asset-backed products and credit trading, according to a report from Bloomberg.
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Affordable housing and business opportunities headline ULI conference

Community development at forefront of Housing Opportunity 2015
Trey Garrison
The conference will be a meeting of the leading minds in the affordable housing and community development industry, and attendees will examine some of the most pressing issues facing communities. Read on.
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MBA: Commercial, multifamily delinquencies keep dropping

Chart shows impressive downward decline
Brena Swanson
Delinquency rates for commercial and multifamily mortgage loans continued to decline in the first quarter of 2015 thanks to several improvements in the market.
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FHLB Des Moines, FHLB Seattle finalize merger

Now titled Federal Home Loan Bank of Des Moines
Brena Swanson
After nearly a year of talks, the paperwork for the approval of the merger of the Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle is now finalized.
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Judge tosses Ocwen home inspection lawsuit

Ends one of several lawsuits against Ocwen
Brena Swanson
At least one of Ocwen’s lawsuits is getting put to rest. A federal judge dismissed a class action lawsuit accusing Ocwen Financial of fraudulently billing hundreds of thousands of homeowners for needless property inspections.
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WATCH: Former Wells Fargo CEO rails against regulatory burdens

This stunts America’s growth
Brena Swanson
While America should be growing faster, the wrong mix of fiscal and monetary policies is smothering any room for potential growth, especially when it comes to Dodd-Frank bank reforms.
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JPMorgan Chase reportedly laying off 5,000 employees

Cuts would represent at least 2% of bank’s staff
Ben Lane
JPMorgan Chase is set to lay off approximately 5,000 of its employees as part of cost-cutting measures. The job cuts reportedly already began earlier this year and would represent at least 2% of the bank’s staff.
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CoreLogic expands building permit database

Now features 35 different permit types
Ben Lane
CoreLogic, a property information, analytics and data-enabled services provider, announced Thursday that its building permit database now features 35 different permit types, covering 65% of the U.S. residential and commercial market.
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