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HSBC North America Holdings has agreed to pay $470 million to settle allegations it engaged in abusive practices in its mortgage foreclosure, origination and servicing operations.
February 5 -
Wells Fargo has reached a $16.2 million settlement in a class-action lawsuit regarding an alleged kickback scheme involving the shuttered Owings Mill, Md.-based Genuine Title.
February 5 -
A number of bankers used quarterly earnings calls to assure investors that they are carefully monitoring their exposure to commercial real estate at a time when regulators are expressed concern about eroding underwriting standards.
February 4
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The rate of home price recovery during the seven years that a foreclosure remains on a consumer's credit report is one measure of whether borrowers who strategically defaulted made the right choice by walking away. But the results vary, depending on when, where and in what price tier that borrowers defaulted.
February 4
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Borrowers who walked away from underwater mortgages are coming back to the market. Some lenders are ready to give them a second chance.
February 4
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After years of refi-fueled origination volume, lenders have their hopes pegged to a resurgent purchase market in 2016 and beyond. But it raises an important question: will strategic default rear its head again in the next downturn?
February 4
National Mortgage News -
Wells Fargo's tentative agreement to pay $1.2 billion to resolve claims by the Justice Department that it made shoddy FHA loans is bad news for other banks that are the targets of similar probes.
February 3
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More than 1 million homebuyers qualified for a mortgage in the third quarter, the first time since the financial crisis that lenders reached such a threshold, according to research by the Urban Institute.
February 3
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The House approved a bill 427-0 that would revamp the Federal Housing Administrations condominium loan program and expedite the approval process for Rural Housing Service guaranteed loans.
February 3
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Opus Capital Markets Consultants, a unit of Wipro, has created a division for identifying operational and loan-level risks within a residential mortgage servicing operation.
February 3
