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Updated: 37 min 4 sec ago
“We think tight mortgage credit and weak demand for mortgage credit are key driving forces behind the slow growth recovery story and the positive technical story for securitized products,” BofAML’s Chris Flanagan, Gregory Fitter and Mao Ding said in the new Securitization Weekly Overview.
“ABS East 2014 will provide comprehensive coverage on the revival and strengthening of the US securitization market, along with what our markets should look like in the future, given the importance of securitization to the real economy,” conference organizer Information Management Network said.
"Our development team has taken the time to build an integration that is years ahead of anything else on the market," said Brian Coester, CEO of CoesterVMS. "Our goal is to provide unprecedented means of efficiency to the mortgage origination process. This integration does that and more."
One thing that hasn’t been underreported in housing in 2014 is the crushing amount of student debt out there, but Nick Timiraos looks into just how much it impacts housing and mortgage finance in the Wall Street Journal.
According to Forbes, while it sounds like it’s the Too Big To Fails that are footing the bill for mortgage settlements, turns out it’s not so much Bank of America on the hook so much as ordinary America.
Major lenders and regulators are working hard to find common ground when it comes to home loans to lower-income Americans. As talks continue, the percent of federal Housing Administration loans given to borrowers with weaker credit scores is dropping.
LenderLive Network named Charlie Kent as the servicer’s new vice president of national sales for its settlement services division, where he will be responsible for developing new client relationships and supporting existing ones.
RPM Mortgage acquired Regency Mortgage, a 14-branch private mortgage lender with operations in New Hampshire, Maine, Massachusetts, Vermont and Florida. This means Regency’s loan originators will have access to a larger menu of loan products, in addition to more technology and compliance support.
Housing and Urban Development Secretary Julián Castro joined Agriculture Secretary Tom Vilsack, Transportation Secretary Anthony Foxx, and Education Secretary Arne Duncan announced Friday morning a competition to designate a new round of Promise Zones.
In a sign that the REO-to-rental securitization market is beginning to normalize, Progress Residential 2014-SFR1 priced similarly to the last REO-to-rental securitization, American Residential Properties’ $342.67 million securitization.
With little fanfare, the Consumer Financial Protection Bureau took an important step forward when it issued guidance on mortgage treatment for legally married same-sex couples.
Now that the pace of home price appreciation is finally starting to slow, it is easier to see the truth behind which local markets favor either buyers or sellers. Zillow compiled a list of the top ten buyer and seller markets, with the West Coast dominating one list.
Home Depot continues to investigate its massive credit card breach, which is shaping up to be bigger than Target’s breach back in December 2013. And the true financial costs of the breach have yet to be determined.
“The added experience, skills and relationships they bring to the team will allow reQuire to more rapidly expand its service offerings and position the company as the ‘go to’ source for risk mitigation solutions in real property transactions,” Matt Klein, reQuire’s president, said.
“Larry’s unique background combining top level hands-on mortgage industry operational and consulting experience is indispensable to our clients as they seek critical assistance navigating the complex mortgage and consumer lending market,” said Mark Twerdok, KPMG partner.
"In New York, the recent private-label RMBS foreclosure backlog of 38,213 loans could be cleared in approximately 5.7 years using the last 12 months’ average exit rate of 1,684 loans and in approximately 2.4 years using the 2008-10 average rate of 4,059 loans," Moody’s Investors Service said in a new report.
Stonegate Mortgage will not only succeed in 2014 but it will also grow during a flat market, according to Stonegate Mortgage’s CEO Jim Cutillo. These charts show how.
Who knows if their marriage is in trouble, but rumors have it that the music power couple is looking at a 23,000-square-foot mansion on a cliff in Beverly Hills.
Americans' wealth hit the highest level ever in the second quarter, following a rise in stocks and home prices. This could ramp up consumer borrowing, which could be the key to boosting the economic recovery.
A coalition of 17 conservative and free-market public policy groups sent a letter to the ranking members of the House Finance Services Oversight and Investigative Subcommittee urging them to demand more transparency and accountability regarding the “Third Amendment Sweep” of the six-year GSE conservatorship agreement from the U.S. Treasury.