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Former Jefferies & Co. managing director Jesse Litvak was convicted in the only criminal case against an individual in connection with a U.S. program that used bailout funds to spur investment in mortgage-backed securities.
March 10 -
USMI, the new trade group being formed to replace the Mortgage Insurance Companies of America, will include all of the active carriers in the industry except AIG's United Guaranty.
March 7
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JPMorgan Chase & Co. agreed to give mortgage-bond trustees evaluating a proposed $4.5 billion settlement over bad loans an extra three months to consider signing onto the deal.
March 7 -
The Community Home Lenders Association is pointing to President Obama's recently released budget as proof that the Federal Housing Administration has leeway to lower premiums.
March 7 -
Carl Cole was sentenced for his role in a $30 million scam in the Bakersfield, Calif. market.
March 6
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Scott Tomlinson at Flint Community Bank used a meeting with the agency's deputy director to speak his mind on the shortcomings of mortgage regulation.
March 6
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A recent deal drew more than 65 buyers, addressing what initially had been a key concern about the new securities. Policymakers had originally questioned whether they would draw enough investors.
March 6
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Private-label mortgage securities issuers should act now to make their industry more standardized and transparent, the senior adviser to the U.S. Treasury on housing policy said.
March 6 -
A jump in lender-paid policies would come at an inopportune time for the industry, which faces new regulatory requirements for such insurance, underscoring the need to educate borrowers why it is necessary.
March 6
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The Fix-It Award recognizes technology that provides an effective solution to a specific industry problem, need or channel. Learn about this year's finalists and see who won the 2013 MT Award.
March 6
