It’s Official: Affordable-Housing Zealots Hijack Mortgage Reform

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… crisis, when lenders quickly resold subprime loans to Fannie Mae, Freddie … of mortgage defaults in states with lots of immigrants.
Qualifying mortgages, moreover … of imposing further constraints on mortgage credit … (that) might disproportionately affect …

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It’s Official: Affordable-Housing Zealots Hijack Mortgage Reform

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Fannie’s Delinquency Lowest Since ’08

Author:  //  Category: Mortgage

The last time serious residential delinquency was this low at Fannie Mae was in 2008. New business inched higher.

At $73.387 billion, new business acquisitions during July at the secondary lender were slightly higher than the previous month’s $72.574 billion.

Activity was off, however, from $77.104 billion in the same month during 2012.


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Fannie’s Delinquency Lowest Since ’08

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Don¿t forget UK vital interests

Author:  //  Category: Mortgage

… forced to take the giant mortgage intermediaries Fannie Mae and Freddie … had been stuffed with rotten sub-prime mortgage securities offloaded by banks such … ’ with billions of pounds of mortgage subsidies.

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Don¿t forget UK vital interests

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ARM Business Slows as Fixed Rates Retreat

Author:  //  Category: Mortgage

New mortgage business mostly held up this week, though a decline was noted for adjustable-rate mortgages as fixed interest rates eased. Purchase financing also slowed.

A 1 percent decline from last week left the U.S. Mortgage Market Index from LoanSifter and Mortgage Daily for the week ended Aug. 30 at 191.

The index, which is reflective of average pricing inquiries per LoanSifter user, was down 22 percent from the same week last year. Year-earlier numbers were revised to reflect data from the same provider.


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Mortgage Conference Calendar Filling Fast

Author:  //  Category: Mortgage

Marketing, servicing and credit unions are among some of the topics scheduled for discussion at upcoming mortgage-related conferences. Other events will touch upon real estate valuations, quality assurance and the Federal Housing Administration.

From Sept. 5 through Sept. 7, the National Association of Mortgage Field Services is hosting the 2013 NAMFS XXV Conference and Expo at the Hyatt Regency Chicago.

Member registration costs $600, while nonmembers pay $800. A “Gives Back Event” during the conference will benefit the homeless.


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Mortgage Conference Calendar Filling Fast

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FXOpen Launches the Forex Article Contest

Author:  //  Category: Mortgage

FXOpen, a leading broker in Forex, is delighted to announce the launch of the Forex Article Contest. The competition starts on 1st September and is open to all.

AUCKLAND, NEW ZEALAND, August 30, 2013 /EINPresswire.com/ — The Forex Article Contest is …

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FXOpen Launches the Forex Article Contest

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New M.I. Business Increases

Author:  //  Category: Mortgage

Mortgage insurers have improved their new business for five straight months now, though defaults have increased four months in a row.

July saw 50,575 mortgage insurance policies issued, moving up from the previous month when 49,666 home loans were insured.

Based on the dollar volume of policies issued, new mortgage insurance business has increased each month since February.


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New M.I. Business Increases

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EXCLUSIVE INTERVIEW: New Bank of England boss Mark Carney starts to lay out his masterplan

Author:  //  Category: Mortgage

…   in the wake of the sub-prime mortgage debacle, that is
attempting to …

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EXCLUSIVE INTERVIEW: New Bank of England boss Mark Carney starts to lay out his masterplan

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Radian Deal Limits Liability on Freddie Loans

Author:  //  Category: Mortgage

A deal reached by Radian Guaranty Inc. limits its exposure on home loans that are guaranteed or owned by the Federal Home Loan Mortgage Corp. and cuts its delinquency rate by around 119 basis points.

The Philadelphia-based company announced Thursday an agreement with Freddie Mac on 25,760 first mortgages that were delinquent as of Dec. 31, 2011.

Radian said the agreement covers the future treatment of these loans including claim payments, loss mitigation activity and insurance coverage.


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Bank of England boss Mark Carney starts to lay out his masterplan

Author:  //  Category: Mortgage

…   in the wake of the sub-prime mortgage debacle, that is
attempting to …

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Bank of England boss Mark Carney starts to lay out his masterplan

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