Does the mortgage industry still need Appraisal Management Companies?

Does the mortgage industry still need Appraisal Management Companies?

Not with Fannie Mae's Collateral Underwriter

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”
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The Ticker

Ally reports FY14 net income of $1.2B

Fully exited TARP, returns $19.B to Treasury
Trey Garrison
Ally had a good year, with improved profits and a full payback of TARP funds. Here’s what happened.
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Swanepoel lists the 200 most powerful people in real estate

Zillow, Realogy top the list
Brena Swanson
The list of who's who in residential real estate is here. Names like Glenn Kelman, CEO and president of Redfin, and Dale Stinton, CEO of the National Association of Realtors, can be found amid the list, with the first and second place names coming off as no surprise.
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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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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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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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Mortgage Bankers Association adds 21 new members

Closes 2014 with strong growth
Ben Lane
See who joined the Mortgage Bankers Association in the month of December.
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Public housing officials won't verify whether residents are the truly needy

Housing authority not checking on residents
Trey Garrison
In a troubling report, it looks like some people taking advantage of public housing opportunities may not be the people who need public housing, and HUD doesn't know who is who. Here are the details.
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CFPB issues confidential supervisory information bulletin

Non-disclosure agreements can't hinder CFPB oversight
Brena Swanson
The Consumer Financial Protection Bureau reminded the industry just how much power it has on Tuesday, when it issued a bulletin to supervised financial institutions, including nonbank companies, reviewing regulations about the treatment of confidential supervisory information.
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Pavaso tech solution delivers closing in under 15 minutes

Digital Close brings parties together to speed up process

“We had to verify the times with the escrow officers because we didn’t believe it at first," said Amy Moser, vice president of mortgage services at Mountain America Credit Union. "Digital closings are proving that secure delivery of documents prior to closing is not only convenient to our members, but extremely effective.”


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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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