News

October 12, 2012 09:16 AM
JPM strong mortgage production tempered by servicing costs

JPMorgan Chase ($52.29 -0.01%) reported record mortgage production revenue for the third quarter, as the big bank beat analysts' earnings...

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October 12, 2012 09:07 AM
JPM strong mortgage production tempered by servicing costs

JPMorgan Chase ($52.29 -0.01%) reported record mortgage production revenue for the third quarter, as the big bank beat analysts' earnings...

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October 12, 2012 07:48 AM
Wells Fargo mortgage originations grow, profit climbs

Mega bank Wells Fargo & Co. ($40.20 0.32%) posted a third-quarter profit of $4.9 billion, or 88 cents a share, up from $4.6 billion, or 82...

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October 11, 2012 03:21 PM
Credit unions cautious on CFPB mortgage servicing proposals

A national association representing credit unions urged the Consumer Financial Protection Bureau to grant exemptions and tweak proposed servicing standards that would force credit unions to hire more staff, comply with cumbersome documentation...

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October 11, 2012 04:11 PM
Credit unions cautious on CFPB mortgage servicing proposals

A national association representing credit unions urged the Consumer Financial Protection Bureau to grant exemptions and tweak proposed servicing standards that would force credit unions to hire more staff, comply with cumbersome documentation...

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October 11, 2012 03:31 PM
Credit unions cautious on CFPB mortgage servicing proposals

A national association representing credit unions urged the Consumer Financial Protection Bureau to grant exemptions and tweak proposed servicing standards that would force credit unions to hire more staff, comply with cumbersome documentation...

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October 11, 2012 01:02 PM
Genworth Financial downgraded, still investment grade

[Update: A previous version of this article did not specify  it was the U.K.-Europe arm of Genworth Financial Mortgage that received a ratings downgrade.]

Standard & Poor's cut the counterparty credit rating for Genworth Financial...

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October 11, 2012 12:57 PM
QE3 made sense, Federal Reserve's Stein says

A third round of quantitative easing made good sense, according to Jeremy Stein, the Federal Reserve's newest governor.

Stein made his comments in a speech Thursday to the Brookings Institution in Washington, D.C. He was commenting on Fed Chairman Ben...

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October 11, 2012 12:32 PM
QE3 made sense, Federal Reserve's Stein says

A third round of quantitative easing made good sense, according to Jeremy Stein, the Federal Reserve's newest governor.

Stein made his comments in a speech Thursday to the Brookings Institution in Washington, D.C. He was commenting on Fed Chairman Ben...

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October 11, 2012 10:02 AM
Move Inc. acquires Relocation.com

Move Inc. ($11.33 0.885%) acquired Relocation.com, a site that connects homebuyers and renters...

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October 11, 2012 08:31 AM
Twin Cities remain real estate powerhouses

The Twin Cities of Minneapolis and St. Paul saw September home sales jump 11% over year ago levels while prices shot up 12.3%, the Minneapolis Area Association of Realtors said. 

The median sales price in the region, which covers 13 counties, hit $174,000 as 4,032...

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October 11, 2012 06:22 AM
Foreclosures hit 5-year low

Foreclosure activity reached a 5-year low in September with only 180,427 filings made on distressed properties, RealtyTrac said Thursday.

The filings surveyed include default notices, scheduled foreclosure auctions and bank repossessions.

...

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October 10, 2012 03:58 PM
Ellie Mae, DocMagic finally settle three-year lawsuit

Mortgage lender software provider DocMagic has ended a three-year lawsuit against Ellie Mae...

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October 10, 2012 03:54 PM
MBA claims CFPB mortgage servicing proposal creates compliance hurdles

The Mortgage Bankers Association is pushing back against some of the proposed servicing standards outlined by the Consumer Financial Protection Bureau.

In a letter to the agency, the MBA suggests some of the proposed rules...

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October 10, 2012 01:13 PM
Beige Book cites widespread improvement in real estate

The Federal Reserve Beige Book indicates expanded economic activity since the last report on...

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