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Items Tagged with 'mortgage finance'

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Auction.com: Flipping momentum grows in first quarter

The nation's top markets to flip or rent
Trey Garrison
The flipping trend seen throughout the fourth quarter of 2014 is still going strong – and building momentum in nearly every market surveyed. That’s what Auction.com reports.
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Private mortgage insurers see gains as FHFA PMIERS, g-fee changes sink in

MGIC, RDN big gainers in Monday trading
Trey Garrison
Mortgage insurers took a hit late last week after the FHFA announced its PMIERS and g-fee adjustments. Now that the Street has absorbed the changes, a couple are big gainers. Here's what's happening now.
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Monday Morning Cup of Coffee: FHFA g-fee, PMI shift too much or too little?

Clouds on housing finance horizon; Zillow/Move fight gets personal
Trey Garrison
Things are looking rough for housing with a sluggish start to the spring buying season, and that trickles all the way up to the outlook for agency MBS. Plus, Move takes off the gloves in its ads, and the industry reacts to recent FHFA moves. Read on.
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Nomura and RBS: Don’t blame us, blame the housing crash

Fight against billion-dollar government lawsuit ends where it began
Trey Garrison
With $1 billion at stake, two banks facing a government lawsuits over toxic mortgage bonds are pointing – perhaps giving – the finger all over the place.
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MBA's Stevens: Time for a clarification on Fannie, Freddie reform

Protecting GSE role in housing supersedes profit-focused shareholders
David Stevens
Right now, Fannie Mae and Freddie Mac are providing liquidity in the secondary market for residential mortgage in the absence of private capital. The unbalanced dependence here puts the entire system on untenable ground and presents enormous risks to taxpayers.
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Freddie Mac purchasing largest single-property loan

Financing $878M loan for Park La Brea complex in Los Angeles
Trey Garrison
Shortly after Fannie Mae announced it was entering new territory with a loan portfolio sale, Freddie Mac said Thursday that it has struck a deal to buy its largest single-property loan ever with the $878 million note. Here's how they broke new ground.
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Kroll: Regulators, policymakers need to get with the times on originating, servicing

Connection between lending volumes and interest rates largely broken
Trey Garrison
The banking industry continues a wholesale retreat from mortgage origination and servicing, but much of the focus from regulators and policymakers is on the landscape of five years ago, and investors are worried. That has to change, KBRA says.
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Nearly 1 of 3 banks don’t require vendors to report data breaches

NYDFS: Could provide back door for hackers to steal customer bank data
Trey Garrison
There’s a significant potential cyber security vulnerability that one in three banks harbors — and it has to do with banks' third-party vendors. Banks may have shields up, but a third of them have an Achilles Heel. Worried?
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CFPB fines mortgage lender $250K for claiming government affiliation in ads

RMK Financial claimed connection with FHA, VA in pitches
Trey Garrison
A California-based lender led consumers to think that they were affiliated with the FHA and the VA, the CFPB alleges. CFPB hit them with a quarter-million-dollar fine, and then some.
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Cash home sales share drops to 38.9% in January 2015

But cash sales increased 3.2% on a monthly basis
Trey Garrison
Cash sales made up 38.9% of total home sales in January 2015, down from 41.4% in January 2014, down from the peak of 46.5%. Here’s what’s happening.
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