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Items Tagged with 'mortgage finance'

ARTICLES

Excessive regulation of mortgage lending drags down bank profit

MBA: Compliance, risk management expense is the new normal
Trey Garrison
Banking revenues were up but there's an elephant in the room called mortgage lending, and around that elephant's neck is an albatross. Guess what its name is.
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Court rulings in unpaid HOA fees raise risk in RMBS, SFR deals

Moody’s: Newer deals have provisions to mitigate risk
Trey Garrison
A new report from Moody’s Investors Service spotlights how recent rulings by the highest courts in Nevada and Washington, D.C. on unpaid HOA fees raise risk in residential mortgage-backed securities and single-family rental securitizations.
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Wolters Kluwer Financial Services offers demo of TILA-RESPA product

Compliance, workflow software for lenders in new environment
Trey Garrison
Wolters Kluwer Financial Services is rolling out TILA-RESPA focused compliance and workflow solutions, offering live demos of the product for potential clients to deal with the regulatory rules that go into effect industry wide on Aug. 1, 2015.
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Will housing headwinds flatten home sales?

Auction.com: Market maintaining current momentum
Trey Garrison
Auction.com’s Nowcast report projects that existing home sales for November will fall between seasonally adjusted averages of 5.05 and 5.46 million annual sales, with a targeted number of 5.25 million.
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Housing sales inventory continues to grow in October

Lower-priced home inventory lags; high-end homes picking up
Trey Garrison
The number of homes for sale continued to increase across the U.S. in October, a good sign for buyers, but mainly for those on the higher end, according to the latest data from Zillow Real Estate Markets report for October.
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Mortgage applications jump 4.9% after three weeks of declines

Refi share slips despite declining interest rates
Trey Garrison
Breaking a three-week streak of declines, mortgage applications increased 4.9% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 14, 2014.
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3 Senate bills that could strengthen credit union mortgage lending

House versions of bipartisan regulatory relief bills already passed
Trey Garrison
Credit unions are enduring a crisis of creeping complexity with respect to regulatory burden, and the Credit Union National Association believes at least three bipartisan bills currently before the U.S. Senate could alleviate some of that drag.
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Cash buyers for homes fading away

CoreLogic: REO sales continue to drive cash sales
Trey Garrison
Cash sales made up 33.8% of total home sales in August 2014, down from 36.4% in August 2013, CoreLogic reported Wednesday.
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HUD, Salvation Army settle pregnancy discrimination suit

SA to pay $48K to four women evicted from transitional housing
Trey Garrison
The U.S. Department of Housing and Urban Development announced Wednesday that the Salvation Army will pay $48,000 to four women as part of a conciliation agreement resolving allegations that the international charitable organization wrongfully evicted them from its Turning Point transitional housing center in Washington, D.C., because they became pregnant.
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Mortgage applications slip again, down 0.9%

Purchase applications down 11% from last week
Trey Garrison
Mortgage applications fell for the third week in a row, declining 0.9% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 7.
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