5 things you absolutely need for the MBA convention in Las Vegas

Is the Massachusetts AG's run for governor compromised by GSE buyback lawsuit?

Nonprofit CEO also co-chairs Coakley’s campaign finance committee

Exclusive: Move CEO Steve Berkowitz opens up about News Corp deal

Plus his thoughts on Zillow/Trulia and the future of real estate
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The Ticker

California foreclosures hit lowest level in eight years

Keeps heading down
Brena Swanson
Lending institutions initiated formal foreclosure proceedings last quarter on the lowest number of California homes in more than eight years. Will it last?
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SunTrust’s earnings more than triple

Revenue, loan portfolio grow
Brena Swanson
SunTrust Banks’ third-quarter profit more than tripled as its revenue and loan portfolio grew, beating analyst estimates.
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Pavaso event at MBA conference features former Miss America

Gathers lenders for a night of industry discussion
Brena Swanson
Pavaso is hosting an exclusive event Monday, Oct. 20 at MBA’s annual convention in Las Vegas, with special guest Nicole Johnson, Miss America 1999, who will share insights of overcoming change and adversity with Mark McElroy, CEO and president of Pavaso.
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Ditech rolls out two new product features

Expands correspondent lending services
Brena Swanson
Ditech Mortgage Corp’s correspondent lending division announced two new features of its crimson jumbo product: non-warrantable condos and condotels that will be launched followed this year’s Mortgage Bankers Association Annual Convention & Expo.
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Morgan Stanley profits surge 83%

Beats analyst estimates
Brena Swanson
Morgan Stanley’s third-quarter profits surged 83% driven by broad-based strength across trading, investment banking and wealth management.
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eLynx to acquire Medallion Analytics

Acquisition brings “valuable expertise” in data and settlement services
Ben Lane
eLynx said that it expects the addition of Medallion to bring valuable expertise in data and settlement services into its “cutting edge document fulfillment, signature and data solutions for the mortgage and consumer industries.”
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Blackstone third-quarter profit misses

But still sees opportunity
Brena Swanson
"With one of the largest pools of available dry powder capital and the broadest alternative investment platform, we are well-positioned to capitalize on the dislocation in asset values created by greater market volatility," Blackstone co-Founder and CEO Stephen Schwarzman said.
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Goldman Sachs records strong 3Q earnings

Net income rises 48%
Brena Swanson
Goldman Sachs Group was next on the earnings calendar, with its third-quarter net income surging 48% and posting the first revenue gain in over a year.
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Too many regulators in the kitchen

SEC says firms face lawsuits from multiple agencies
Brena Swanson
As more regulators pile the lawsuits on firms, the chances of overlapping investigations quickly escalates, which could disrupt regulatory probes and lead to unnecessary lawsuits.
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Jobless claims hit 14-year low

Continue steady decline
Brena Swanson
Jobless claims for the week ended Oct. 11 printed at 264,000, a drop of 23,000 from the previous week’s revised level of 287,000. This is the lowest level for initial claims since April 15, 2000.
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