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The Scottsdale, Ariz.-based landlord, which began buying foreclosed homes and converting them into rentals last year, had planned to raise as much as $260 million in an IPO this week.
June 6
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With the housing market recovering, Wells Fargo plans to ramp up the marketing of a credit card that allows customers to use reward points to pay down their mortgage.
June 6 -
One company sold a package of fixed-rate and agency-backed MBS. It then parked the proceeds into variable-rate mortgage securities.
June 6 -
Inherent market risks are not stopping real estate owners from choosing to operate as niche real estate investment trusts, according to Fitch Ratings.
June 5 -
A Somerset County, N.J., man faces 108 months in prison for his role in defrauding victims of an investment scheme.
June 5 -
Envoy Mortgage, currently engaged in enhancing and restructuring its mortgage banking capabilities, is choosing in-house servicing over subservicing.
June 5 -
Customer advocacy groups recently targeted Bank of America and JPMorgan Chase headquarters during annual shareholder board meetings to protest against mortgage lending discrimination and abusive foreclosure practices.
June 5 -
The Federal Housing Administration is working on a proposed rule that would require reverse mortgage lenders to conduct financial assessments of seniors taking out Home Equity Conversion Mortgages.
June 5 -
The senator expects work first on a standalone bill to fix the Federal Housing Administration before delving into broader Fannie Mae and Freddie Mac reform.
June 5
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Federal Housing Administration officials tried to conceal an analysis showing FHA could face a $115 billion shortfall, a letter from a lawmaker shows.
June 5
