Fitch warns Ocwen-related RMBS deals face major downgrade

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria

S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions
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Articles by Brena Swanson

SIGTARP: Treasury must develop oversight for Blight Elimination Program

6 states take advantage of new Hardest Hit Fund category
Brena Swanson
The Treasury recently created a new category for the Hardest Hit Fund program, marking a significant shift in the Treasury’s approach to the use of HHF funds. While the Special Inspector General for the Troubled Asset Relief Program has raised some questions and concerns, hard-hit states like Michigan appear to be benefitting from it.
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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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Fannie Mae: Collateral Underwriter not disrupting appraisals

Appraisers need to see it in action
Brena Swanson
Before appraisers decide to shoot down any positive side to Fannie Mae’s Collateral Underwriter, Fannie said that they need to see it in action. In an exclusive interview with HousingWire, the enterprise explains its true goals behind the launch and how they will benefit the industry.
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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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S&P Case-Shiller: Is housing ready for spring home-buying season?

“Housing recovery barely on first base”
Brena Swanson
The spring home-buying season is just a couple months away. Due to the latest report on the continued slow down in home-price growth, S&P Case-Shiller believes the market isn’t ready. However, not all economists agree, with at least one giving 2015 a strong forecast.
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Fannie Mae: Mortgage lending will see dramatic growth in 2015

Guaranteed Rate, UWM, United Fidelity Funding weigh in
Brena Swanson
The mortgage business is set to substantially grow in 2015, with 88% of lenders surveyed by Fannie Mae saying that they are looking to expand their mortgage origination business, and 70% looking to expand their mortgage servicing business.
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Lone Wolf Real Estate buys Millennium Real Estate Solutions

Widens product offerings for real estate industry
Brena Swanson
Lone Wolf Real Estate acquired Millennium Real Estate Solutions, expanding offerings to boards and associations across Canada for listing management and data collection.
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United Wholesale Mortgage launches own LOS

Unveils a new type of origination software
Brena Swanson
As one of the reported top wholesale lenders in the industry, United Wholesale Mortgage took on the challenge of releasing its own loan origination system. The result takes into account standard elements, along with new unique features.
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Sindeo's twist on modern mortgage lending

Hires 4 new executives to bolster growth
Brena Swanson
Although the industry is moving online, Sindeo’s new mortgage model adds its own spin on the standard online application, one that views a loan officer as a necessity.
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D.R. Horton beats expectations, 1Q revenue jumps 38%

Well-positioned for spring selling season
Brena Swanson
D.R. Horton fared well in the first quarter, with its homebuilding revenue jumping 38% to $2.3 billion, putting it in a strong position to enter the spring selling season.
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