CFPB secures $27.7 million judgment against foreclosure relief scammers

The next president needs to speak up about housing right now

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CFPB, DOJ take action against Provident Funding for discriminatory lending

Could pay $9 million in damages
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Items Tagged with 'Mortgage securities'

ARTICLES

Fannie, Freddie single mortgage-backed security takes shape in new FHFA update

Details emerge as input still sought on structure
Trey Garrison
The Federal Housing Finance Agency on Friday reported work continues apace on the proposed single mortgage-backed security for the GSEs. Here's where it stands and what's next.
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JPMorgan settles Bear Stearns’ lawsuit, pays $500 million

Resolves mortgage claims dating back to financial crisis
Brena Swanson
Mega bank JPMorgan Chase settled another lawsuit that goes back to the financial crisis. This time the bank agreed to pay $500 million to settle a mortgage securities suit.
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Redwood Trust brings second jumbo RMBS to market

Are the floodgates about to open?
Ben Lane
Kroll Bond Ratings Agency has issued its presale ratings for SEMT 2014-2 and has awarded AAA ratings to the vast majority of the $306 million deal.
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Private mortgage bond market could stage a comeback

Treasury Secretary Jacob Lew expected to announce new initiative
Brena Swanson
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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Annaly: How tapering impacts REITs

...if taper remains on schedule
Brena Swanson
As tapering continues, real estate investment trusts like Annaly Capital Management are factoring in the potential impact once tapering is finalized.
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FHFA reaches $280 million RMBS settlement with Barclays

RMBS settlement total now exceeds $16 billion
Ben Lane
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
Kerri Ann Panchuk
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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Banks try to gain leverage in FHFA securities lawsuit

Fail in their attempt to assert an 'affirmative defense'
Kerri Ann Panchuk
Banks facing a mortgage securities lawsuit filed by the Federal Housing Finance Agency lost their chance to enact a defense that could limit their potential liability.
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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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Private capital filling in where banks won't tread

HousingWire Staff
As capital restrictions on banks mount along with new regulations spanning the mortgage securitization business, private capital is seeing an entrance opportunity. Barron's has a look at Seer Capital, one investor making waves in the securitized credit and bond markets, treading where banks won't -- or can't -- go.
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