Biggest Mortgage News of 2011

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Mortgage lawsuits, executive compensation and actions against government mortgage lenders were all subjects that were among Mortgage Daily’s 10-biggest stories of 2011.

The loan originator compensation rule was the topic of three of last year’s blockbuster articles.

But it was a story about top-selling loan originators that grabbed the most attention.


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Biggest Mortgage News of 2011

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A Year of Me-Firsts, and of Lessons Relearned

Author:  //  Category: Mortgage

… 36 billion generated through an increase in mortgage guarantee fees charged by Fannie … Countrywide, once the country’s largest mortgage lender. The suit, filed in December, … 10,000 minority borrowers into high-cost subprime mortgages even as white borrowers …

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A Year of Me-Firsts, and of Lessons Relearned

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Dow’s biggest loser: B?of?A

Author:  //  Category: Mortgage

… losses tied to the 2008 takeover of subprime lender Countrywide Financial Corp. The status … accord resolving some claims from mortgage-bond buyers including BlackRock and Pacific … have this big exposure to subprime mortgages, to potentially settling with …

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Dow’s biggest loser: B?of?A

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Here Are The Stories That Shaped China’s Economic Climate In 2011

Author:  //  Category: Mortgage

… that had gone belly up — China’s own version of a “subprime” crisis.  After Premier Wen arrived on the scene and … did it cost hedge fund manager John Paulson — famous for betting against U.S. subprime mortgages – up to $500 million after the stock plunged  …

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Here Are The Stories That Shaped China’s Economic Climate In 2011

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Mortgage-aid program results mixed

Author:  //  Category: Mortgage

… have been able to modify their mortgage payment under the two big foreclosure prevention … relief for homeowners struggling with their mortgages. Some help underwater homeowners become … His loan, obtained in 2007 from a subprime lender Wells Fargo has taken …

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Mortgage-aid program results mixed

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Firms submit plans to rent seized homes

Author:  //  Category: Mortgage

… as Fannie Mae and Freddie Mac, the mortgage companies seized by the government in … third quarter. Carrington, a real estate and mortgage services company founded by hedge-fund … were accused by the SEC of understating the subprime loans held by the firms by …

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Firms submit plans to rent seized homes

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BofA Posts Worst Dow Average Showing for 2011

Author:  //  Category: Mortgage

… Average as concern about mounting mortgage losses and a global economic slowdown … lender Countrywide Financial Corp. Subprime Mortgages The status of an $8.5 billion accord resolving some claims from mortgage-bond buyers including BlackRock Inc. and …

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BofA Posts Worst Dow Average Showing for 2011

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Uri Gofman pleads guilty to mortgage fraud charges a jury couldn’t agree on, to be sentenced Thursday

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… Gofman pleaded guilty to 23 counts on federal mortgage-fraud related charges Friday that a jury could not agree … have gone out of business in the wake of the subprime mortgage crisis that began in 2007. Both Gofman and co-defendant Tony Viola are scheduled …

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Uri Gofman pleads guilty to mortgage fraud charges a jury couldn’t agree on, to be sentenced Thursday

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US to Europe’s rescue — again

Author:  //  Category: Mortgage

… that they would launch a “forceful investigation” of the firm for its failure to downgrade billions of dollars of subprime mortgages issued by Goldman, Merrill, J.P. Morgan, Bank of America, etc., if U.S. bond ratings were …

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Dealpolitik: New Year’s Advice for the SEC: Reverse the Mission Creep

Author:  //  Category: Mortgage

… million no-fault settlement with Citigroup relating to sales of mortgage backed securities. Judge Rakoff refused to approve the settlement … caused their companies to label more loans with the term “subprime.” Those CEOs are certainly no heroes in my book, …

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Dealpolitik: New Year’s Advice for the SEC: Reverse the Mission Creep

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