Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

Fannie, Freddie settlements eat into PNC earnings

Earnings barely move from 4Q13

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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Items Tagged with 'Financial crisis'

ARTICLES

Evidence reveals Credit Suisse mortgage lapses

Emails show new story during crisis
March 10, 2014
Credit Suisse has long claimed that it kept an untarnished name throughout the financial crisis, but that clean title might change very soon due to new evidence.
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Where did Yellen stand in 2008?

Digging up the old ways of the new Fed chair
February 21, 2014
While Federal Reserve Chair Janet Yellen stands at the helm now, what did her stance look like at the peak of the financial crisis in 2008?
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3 signs California housing is on the brink of something huge

Housing affordability finally cools, inventors loosen grip
February 12, 2014
Six years after the financial crisis and California is still feeling the leftover ripple effects of loose lending standards and an overabundance of foreclosed homes. But it is all not all bad news, with several positive signs emerging for the state.
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The cure to zombie foreclosures

Undead properties plague Cook County Illinois
January 27, 2014
Zombie foreclosures are taking over the Chicago area like a rapidly spreading disease. According to a recent report, at its current rate, there will be an additional 7,200 zombie properties in Cook County, including nearly 3,200 in the City of Chicago, by 2015.
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Foreclosure filings drop 25%

Hit lowest level since 2007: RealtyTrac
January 16, 2014
2013 was a strong year for housing as foreclosure filings tumbled to 1.4 million, a 26% drop from 2012 and the lowest annual total since 2007.
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SIGTARP's reach is long; its sentencing guidelines, sharp

Even smaller banks and their employees face scrutiny
November 25, 2013
Investigations run by the Special Inspector General for the Troubled Asset Relief Program prove that no matter how small a bank — or a bank employee is — they are not safe from criminal prosecution if TARP-related bailout funds are misused in any shape or form.
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Boston Fed President admits Basel III rules are too complex

Reporting under Basel I, II and III remains cumbersome for banks
November 18, 2013
Complex and cumbersome, Basel III is still challenging financial firms, Boston Fed Bank president Eric Rosengren admits. But once a clean break from past Basel rules is made, the system will be better positioned to withstand all the changes.
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Letting go of unfair stereotypes: The unscrupulous mortgage broker

October 21, 2013
Mortgage brokers and lenders took a reputation hit during the financial crisis, but one article is addressing five common misconceptions about the industry.
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U.S. default would halt the housing recovery

October 14, 2013
It has been five long years since the financial crisis, but all the progress made since 2008 could be erased overnight if the U.S. defaults on its debt, market analysts claim. The real estate sector alone could face a severe disruption.
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Community banks struggle to repay bailout funds

October 9, 2013
It has been five years since the government bailed out more than 700 banks, but community banks are still struggling to repay their debts.
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