Wall Street mortgage-backed securities professionals performing at a rock 'n' roll benefit in New York raised more than $30,000 for two charities Tuesday night, according to an event organizer.The event, at which bands from Morgan Stanley and Lehman Brothers performed, drew approximately 500 people. The money raised will benefit the Dorothy Rodbell Cohen Foundation for Cancer Research and Scholarship America, a charity known on Wall Street for having helped raise funds for the children of MBS professionals who died in the Sept. 11, 2001 terrorist attacks.
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The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
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Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
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The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
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Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
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The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
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Underserved markets advocates also want to keep the 30-year mortgage and do more to expand rural and manufactured housing while preserving low cost homes.
8h ago