COFI Near Record Low

Author:  //  Category: Mortgage

The Cost of Funds Index fell 4 basis points between August and September.

Compared to a year earlier, the index was down 39 BPS.

The last time COFI

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Got Student Debt? So Does Occupy Wall Street

Author:  //  Category: Mortgage

… . As you know better than I, you got soaked by the educational equivalent of a subprime mortgage. As a result, many of you were sent out … that are worth less than what's owed on their mortgages—underwater. You essentially mortgaged your lives …

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Got Student Debt? So Does Occupy Wall Street

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Courts denies BofA move to consolidate monoline insurer lawsuits

Author:  //  Category: Mortgage

… -7.07%), the banking giant that acquired subprime lender Countrywide Financial Corp. in 2008, … that Countrywide made on residential mortgages that were later insured by MBIA as the mortgages moved through the securitization process. The insurer's case …

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Courts denies BofA move to consolidate monoline insurer lawsuits

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iPhones, Tablets Render CFPB Disclosure Obsolete

Author:  //  Category: Mortgage

Prospective borrowers are using mobile devices to find information on homes for sale and on loan products.

By the time a consumer receives the proposed loan estimate, he or she has already completed the loan shopping process.

But a proposed loan estimate disclosure from the Consumer Financial Protection Agency unnecessarily focuses on enabling consumers to comparison shop.

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iPhones, Tablets Render CFPB Disclosure Obsolete

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At MF Global, Two Other Falling Stars

Author:  //  Category: Mortgage

… s Tuck School of Business, and has made a bit of an academic specialty of the subprime mortgage crisis of 2007. In 2008, he … or entity, but rather the combined effects of mortgage originators, borrowers, rating agencies and other intermediaries …

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At MF Global, Two Other Falling Stars

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Delinquency at Fannie Falls to 2-Year Low

Author:  //  Category: Mortgage

Fannie Mae reported that its 90-day residential delinquency rate during September fell 3 basis points from August.

Late payments were 56 BPS better than in September 2010.

In fact, the last time delinquency was this low at Fannie was in June 2009.

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Delinquency at Fannie Falls to 2-Year Low

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Will Federal Refinancing Program Help States Most in Need?

Author:  //  Category: Mortgage

… December 2013. The program has various restrictions. The mortgage cannot have been refinanced under HARP … by foreclosures, have fewer homeowners with mortgages owned by Fannie Mae and Freddie … Burns, “And our hearts go out to those who have subprime loans.”

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Will Federal Refinancing Program Help States Most in Need?

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Steven A. Kandarian Named Chairman of the Board of Directors of MetLife

Author:  //  Category: Mortgage

… early and reduced the company's exposure to sub-prime mortgage-backed securities, raised the overall quality of its corporate … its focus on low loan-to-value commercial and agricultural mortgages. In 2007, he oversaw a comprehensive review of MetLife …

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Steven A. Kandarian Named Chairman of the Board of Directors of MetLife

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2 ex-State Street executive cleared of charges

Author:  //  Category: Mortgage

… investors about their potential risk from subprime mortgage investments in 2007. The chief administrative law … invested in securities tied to risky subprime mortgages, the agency said. The value of those securities plunged when the housing bubble burst in …

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2 ex-State Street executive cleared of charges

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We don’t want for-profit universities – they are a disaster in the US

Author:  //  Category: Mortgage

… again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the sub-prime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task.” British …

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