Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'Treasury Department'

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From HW Magazine

Smoking gun?

What a Treasury memo reveals about its intentions for GSEs and investors
Trey Garrison
The Treasury document also contradicts statements made a number of times by Treasury officials about the capital ratios that Fannie Mae and Freddie Mac would have to maintain. The document claims the percent is 3% to 4%, while statements since then have claimed 10%.
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Ocwen buying portfolio of delinquent Ginnie Mae mortgages

Treasury looking at impact of backdating letters allegation
Trey Garrison
If Ocwen is experiencing a tough time, they're not doing it lying down. The nonbank is moving now to purchase Ginnie Mae delinquencies even as the Treasury Department is reviewing the backdating letters scandal.
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Financial Stability director: SIFI designation is not “too big to fail”

Pinschmidt: “That’s just plain wrong”
Ben Lane
During the Monday keynote address at ABS East in Miami, Patrick Pinschmidt, the deputy assistant secretary and executive director of the FSOC, said that the SIFI designation is designed to bring additional oversight of nonbanks in an attempt to mitigate the impact of a nonbank’s potential failure on the country’s economy.
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Treasury Secretary testifies on GSEs, nonbank MSRs and TBTF

Hensarling: Americans are fearful of their government
Trey Garrison
It was a raucous and heated session at the House Financial Services Committee as Treasury Secretary Jacob Lew made his annual report on the Financial Stability Oversight Council, touching on everything from GSE reform and nonbank MSRs to the IRS lost emails scandal.
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Weakened mortgage operations squeeze Ally Financial profits

Solid capital, liquidity portfolios keep company afloat
Christina Mlynski
Ally Financial posted weaker earning results in its mortgage operations due to charges tied to federal regulator settlements and the cease of new originations.
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States allocate foreclosure money to cover demolitions

HousingWire Staff
The Treasury Department revised the rules governing its foreclosure prevention program, allowing states to allocate some of those funds for home demolition initiatives.
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