Items Tagged with 'Mortgage securities'

ARTICLES

RBS to pay $1.1 billion to NCUA over mortgage securities settlement

Recoveries will offset the total costs to credit unions
The latest in a series of settlements that date back to the financial crisis will cost the Royal Bank of Scotland $1.1 billion, which it will pay to the National Credit Union Administration in order to settle claims related to faulty mortgage-backed securities sold to U.S. credit unions.
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Private mortgage bond market could stage a comeback

Treasury Secretary Jacob Lew expected to announce new initiative
The Treasury Department will launch an initiative to revive the market for mortgage securities without government backing, bringing together institutional investors and issuers of mortgage bonds to create guidelines for the new venture.
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FHFA reaches $280 million RMBS settlement with Barclays

RMBS settlement total now exceeds $16 billion
The FHFA, as conservator of Fannie Mae and Freddie Mac, settled with Barclays Bank PLC to the tune of $280 million. Per the terms of the settlement agreement, Barclays will pay $227 million to Freddie and $53 million to Freddie.
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Ocwen to settle CFPB, AG servicing investigation

To pay roughly $127.3M, offers $2B in consumer relief
Ocwen Financial Corp. agreed to offer $2 billion in consumer relief and to pay up to $127.3 million to settle a Consumer Financial Protection Bureau investigation into its servicing practices, according to one of the servicer’s recent securities filings.
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Buy a home before 2014

New rules, rising rates could mean fewer options
The year 2014 will be a type of test market for the mortgage industry, with the Federal Reserve expected to eventually taper its mortgage securities purchases. With that in mind, HomeFinder.com is advising potential buyers to look for their new homes before 2013 closes out.
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