Fannie Mae will buy 97% LTV mortgages

Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end

5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
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Items Tagged with 'Representations and warranties'

ARTICLES

FHFA reps and warrants policies have “significant and unresolved” risks

Watchdog: FHFA’s implementation was rushed and flawed
Ben Lane
In a new report from the FHFA’s Office of the Inspector General, the OIG said that the FHFA mandated a new representation and warranty framework for the GSEs and implemented it “despite significant unresolved operational risks to the Enterprises.” Among those is processes that may not be in place at Fannie Mae until late 2015, for example.
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Court rules Merrill Lynch must face $1 billion mortgage lawsuit

Trusts trying to force company to buy back bad loans
Ben Lane
The two trusts said Merrill was obligated to buy back the loans because ResMAE could no longer fulfill its contractual obligations because the company had been liquidated in bankruptcy.
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Two settlements that could harm RMBS investors

More haircuts could be coming investors way, S&P says
Kerri Ann Panchuk
Investors in residential mortgage-backed securities are far from out of the woods when it comes to resolving financial risk from RMBS investments.
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JPMorgan reaches $4.5B settlement over mortgage-bond claims

Deal resolves repurchase and servicing issues
Christina Mlynski
The settlement represents another critical step in the bank’s efforts to resolve mortgage-related legacy matters.
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Portfolio, loan reserve releases buoy Flagstar earnings

Mortgage business takes a beating amid refi burnout
Christina Mlynski
"Overall, this looks to be a decent quarter for Flagstar given the company was able to stay profitable in the face of significant mortgage banking headwinds," analysts with Compass Point Research & Trading Group said.
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JPMorgan faces DOJ criminal probe over MBS issuance

Criminal investigation follows DOJ's finding that JPM broke civil laws
HousingWire Staff
JPMorgan Chase disclosed in a filing with the SEC Wednesday that it's subject to a criminal investigation from the Department of Justice over its issuance of bubble-era residential mortgage-backed securities.
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