News

August 7, 2012 01:03 PM
Fitch: Local job markets key to REO-to-rental securitization ratings

How property managers gauge local employment conditions in areas where they rent out distressed properties will be one of the key determinations to future risk ratings on the securitized cash flow, according to Fitch Ratings.

"While many of the more notable states, such...

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August 7, 2012 11:43 AM
Fitch: Local job markets key to REO-to-rental securitization ratings

How property managers gauge local employment conditions in areas where they rent out distressed properties will be one of the key determinations to future risk ratings on the securitized cash flow, according to Fitch Ratings.

"While many of the more notable states, such...

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August 7, 2012 12:04 PM
Ohio congressman challenges Section 8

U.S. Rep. Steve Chabot, R-Ohio, says his bill — H.R 4145 — would require recipients of Section 8 housing subsidies to work at least 20 hours a week, while limiting their reliance on the federal housing program to five years. The work requirement would be for household...

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August 7, 2012 10:53 AM
Fannie Mae survey highlights the dichotomy of housing

Housing analysts continue to spar over the extent and power of the housing recovery, and many Americans remain relatively strong in their belief that the market will continue to brighten.

Respondents to Fannie Mae’s July National Housing Survey, a telephone survey of 1,...

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August 7, 2012 10:41 AM
Fannie Mae survey highlights the dichotomy of housing

Housing analysts continue to spar over the extent and power of the housing recovery, and many Americans remain relatively strong in their belief that the market will continue to brighten.

Respondents to Fannie Mae’s July National Housing Survey, a telephone survey of 1,...

Read More
August 7, 2012 09:50 AM
Federal Reserve fines MetLife $3.2 million for foreclosure problems

The Federal Reserve issued monetary sanctions of $3.2 million against MetLife ($43.12 -0.18%) for foreclosure abuses at its...

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August 7, 2012 07:42 AM
Freddie reduces Treasury draw, shrinks provision for credit losses

Freddie Mac posted net income of $3 billion for the second quarter of 2012, up from $577 million in the first quarter.

The income boost came as the firm saw its provision for credit losses decline by $1.7 billion.

Freddie Mac paid $1.8 billion in dividends to the...

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August 6, 2012 05:38 PM
Four 'troubled' FHLBanks nearly quadruple 2Q earnings

Four Federal Home Loan Banks deeply hurt by investments in private-label mortgage-backed securities nearly quadrupled their second quarter earnings from a year earlier thanks to lower credit losses and rising interest income.

On a combined basis, the Federal Home Loan Banks of...

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August 6, 2012 05:21 PM
Four 'troubled' FHLBanks nearly quadruple 2Q earnings

Four Federal Home Loan Banks deeply hurt by investments in private-label mortgage-backed securities nearly quadrupled their second quarter earnings from a year earlier thanks to lower credit losses and rising interest income.

On a combined basis, the Federal Home Loan Banks of...

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August 6, 2012 04:45 PM
Chase offers no doc refis, principal reduction

JPMorgan Chase ($52.89 0.6%) went from fast-tracking foreclosures to rubber stamping and pre-approving some borrowers for refinances and even...

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August 6, 2012 04:30 PM
Chase offers no doc refis, principal reduction

JPMorgan Chase ($52.89 0.6%) went from fast-tracking foreclosures to rubber stamping and pre-approving some borrowers for refinances and even...

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August 6, 2012 02:31 PM
Treasury reduces AIG stake to 53%

The Treasury Department took in $5.75 billion in proceeds from its sale last week of more than 188 million shares of American International Group ($44.89...

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August 6, 2012 02:24 PM
Treasury reduces AIG stake to 53%

The Treasury Department took in $5.75 billion in proceeds from its sale last week of more than 188 million shares of American International Group ($44.89...

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August 6, 2012 03:36 PM
Hispanics make up majority of new owner households

In spite of high unemployment, economic uncertainty and tighter credit conditions, homeownership among Hispanics continues to act as a stimulant to the country's anemic household formation rate.

Across the nation, new owner household formation increased 125,000 in the second quarter of...

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August 6, 2012 11:50 AM
Hispanics make up majority of new owner households

In spite of high unemployment, economic uncertainty and tighter credit conditions, homeownership among Hispanics continues to act as a stimulant to the country's anemic household formation rate.

Across the nation, new owner household formation increased 125,000 in the second quarter of...

Read More