Are REOs ready for a comeback?

Are REOs ready for a comeback?

Clear Capital: Increases in distressed, seasonal changes suggest yes

Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index

Monday Morning Cup of Coffee: When will mortgage lending pick up?

Plus, more on the future of Fannie and Freddie
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Articles by Brena Swanson

Stonegate CEO Jim Cutillo abruptly leaves company

A positive move for the company?
Stonegate Mortgage Founder and CEO Jim Cutillo announced he is abruptly leaving the company effective Sept. 10, 2015, serving only as a consultant over the next six months to facilitate his transition. After a rough year on the stock market for the company, one analyst said this is positive news for the lender.
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Judge rules against RBC in mortgage lawsuit

Thornburg Mortgage entited $45 milllion
A district judge awarded the court-appointed trustee overseeing the liquidation of Thornburg Mortgage $45 million in his crisis-era lawsuit against Royal Bank of Canada since the bank undervalued the seized mortgage-backed securities it sold.
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Want Zillow to pay your mortgage for a year?

This $25,000 could be yours
Zillow is giving away $25,000 to pay one lucky person’s mortgage for an entire year. Hurry up though, the “Pay My Mortgage, Please” sweepstake ends Monday morning. Bonus: Details show how to get entered 10 times.
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Economic strength hinges on China

All eyes now on the Fed
One of the worst weeks for the stock market this year is coming to a close, but the worst may not be over. The country continues to question the health of China's economy, along with whether the Federal Reserve will raise interest rates next month.
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Fed’s Dudley: Raising interest rates not likely very soon

Due to recent market volatility hike is now "less compelling"
A September interest rate hike is now unlikely due to recent turmoil in the stock markets from China’s volatile economy. According to New York Fed President William Dudley, the prospect of a September rate hike "seems less compelling" than it was only weeks ago.
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