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Protests by community groups and now a public hearing threaten to delay the completion of CIT's acquisition of OneWest Bank. The deal will probably get approved, and it might not get delayed too long, but all those "probablys" and "mights" are what make the proponents of more big M&A queasy.
February 6
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The relationship a loan officer took several months to cultivate can be destroyed by your servicing area in just 10 minutes, affecting potential referrals or future business. Here are a few ways you can avoid that.
February 6
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Concentrate on only four or five of these items that you think are important to your attendees and your area of the country. f these suggestions to give your
February 6 -
Two Justice Department lawyers leading an effort to hold financial firms accountable for the mortgage-fed debacle that fueled the Great Recession stopped in to talk strategy in mid-2009 with Jerry Brown, then California's attorney general.
February 6 -
New disclosure rules from the Consumer Financial Protection Bureau don't go into effect until this summer, but lenders are already worried about compliance and fearing it may make the closing process far more difficult.
February 5
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One of the first housing-related items on the budget is continued support for industry regulation, in general, and the CFPB, in particular.
February 5
STRATMOR Group -
Standard & Poor's has agreed to pay Pennsylvania $21.5 million to settle a federal lawsuit that claimed the company defrauded investors by abandoning its role as an independent loan evaluator in the lead-up to the Great Recession.
February 5 -
The Fair Housing Justice Center has filed a federal lawsuit accusing M&T Bank of discrimination in mortgage lending practices on the basis of race and national origin.
February 5 -
The expiration of the federal Protecting Tenants at Foreclosure Act leaves servicers dealing with a patchwork of state laws and investor rules, while renters living in REO properties are at a greater risk of eviction.
February 5
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You can get a jump on taking preventive and proactive measures against defaults in order to mitigate risk and retain portfolio assets. Here's how.
February 4
