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A former top regulator of Fannie Mae and Freddie Mac wants to abandon the development of the common securitization platform and use the existing Ginnie Mae platform to issue government-guaranteed mortgage-backed securities.
October 6
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Talk show hosts have had a field day with the Wells Fargo phony-accounts scandal, underscoring just how much it has hurt the bank's reputation.
October 6
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With the myriad home price indices available to the mortgage industry, it's difficult to determine which offers the most cost-effective insights about a particular market. Granularity is a key selling point, but not a one-size-fits-all solution.
October 6
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The bank's fake account scandal is further reason to make the results of Wells' 2012 Community Reinvestment Act exam public.
October 6
California Reinvestment Coalition -
Converting millennials from renters to homeowners is proving difficult, but here are steps lenders can take to get this generation on board with buying.
October 5
Vantage Production -
Two decades of experience with offshoring has shown that shifting operations work from knowledgeable, local workers to people in another country with oftentimes limited training comes with risks of errors, of misunderstandings and of security lapses.
October 4
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Utah-based lenders Primary Residential Mortgage and SecurityNational have agreed to pay a total of nearly $10 million in separate settlements with the Department of Justice.
October 4 -
U.S. Bancorp has agreed to settle a lawsuit that claimed it neglected to maintain foreclosed properties in Southern California after the 2008 financial crisis.
October 4 -
The Federal Reserve's mishandling of monetary policy in the 1970s opened the door to questionable products for unqualified borrowers, setting the stage for the housing crisis 30 years later.
October 3
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Walter Investment Management Corp. subsidiary Ditech Financial has paid $1.4 million as part of an agreement to settle claims of alleged abusive debt collection practices in Massachusetts.
October 3
