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JPMorgan Chase and Wells Fargo are retaining more high-quality, conforming mortgages that they would normally sell to Fannie Mae or Freddie Mac, raising concerns that the banks are adversely selecting the weakest loans for the government-sponsored enterprises.
May 22
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New York banking regulator Benjamin Lawsky said Wednesday his office will investigate claims that Ocwen Financial Corp. and other servicers require distressed borrowers to sign nondisclosure agreements in order to receive mortgage modifications.
May 21 -
Most of the loan pools are geographically diverse, but a pool concentrated in the Southwest is expected to appeal to bidders that want to turn nonperforming loans into single-family rental properties.
May 21 -
Bank buyers and sellers should pay attention to the Fed's recent approval of Cullen/Frost's acquisition of WNB Bancshares. Cullen/Frost had to agree to improve its fair lending and other functions, underscoring the importance of buyers who work well in resolving compliance and other problems with regulators.
May 21 -
Fannie Mae sold $1.6 billion of risk-sharing debt to investors who today accepted the same yields on securities that wager on the default rates of riskier mortgages as on bonds tied to safer loans.
May 21 -
White papers dont always get much respect in our industry, probably because so many are just veiled brochures, pitching products and services.
May 21
STRATMOR Group -
Recently raised regulatory concerns about the massive transfer of mortgage servicing rights from banks to nonbanks are fueling industry hopes that policymakers may be open to addressing the issue.
May 21
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A task force of state and federal authorities set up in 2012 to probe the mortgage-bond sales that fueled the financial crisis has "more than a dozen ongoing investigations."
May 21 -
A mortgage originator gives his take on whether the gift card giveaway violates RESPA's anti-kickback provision.
May 21
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A joint effort by Fannie Mae and Freddie Mac to develop new technology for issuing mortgage-backed securities needs cost controls and a schedule, the auditor of the Federal Housing Finance Agency said.
May 21
