First Horizon Closes FHFA Lawsuit for $110M

Author:  //  Category: Mortgage

… their mortgage operations during the pre-crisis period that fueled the sub-prime mortgage crisis … First Horizon for selling faulty mortgage-backed securities to Freddie Mac and … Horizon exited from its national mortgage businesses.
In Conclusion
This marks …

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First Horizon Closes FHFA Lawsuit for $110M

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CTR Strikes Out in the New Ballgame of Digital Ad Measurement

Author:  //  Category: Mortgage

… everything from diet pills to sub-prime mortgages, the CTR was a definitive …

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CTR Strikes Out in the New Ballgame of Digital Ad Measurement

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American Capital Mortgage Investment Corp. Reports $0.95 Net Income Per Share And $21.78 Net Book Value Per Share

Author:  //  Category: Mortgage

… , 12% option ARM and 21% subprime securities.  As of March 31 … .
ABOUT AMERICAN CAPITAL MORTGAGE INVESTMENT CORP.
American Capital Mortgage Investment Corp. is … portfolio of agency mortgage investments, non-agency mortgage investments and other mortgage-related investments.  The …

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American Capital Mortgage Investment Corp. Reports $0.95 Net Income Per Share And $21.78 Net Book Value Per Share

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CFPB Looking at Easing QM Restriction

Author:  //  Category: Mortgage

The Consumer Financial Protection Bureau is proposing to make a change that would enable the Qualified Mortgage designation when lenders exceed the fee threshold.

Currently, a loan can be designated as a QM under the Ability to Repay rule as long as points and fees don’t exceed 3 percent.

But in some cases, lenders process the loan believing that is a QM then discover after that the 3 percent threshold was exceeded.


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CFPB Looking at Easing QM Restriction

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Wholesale AE Coached Brokers in Mortgage Fraud

Author:  //  Category: Mortgage

A former account executive at a subprime wholesale lender has been sentenced for her role in a mortgage fraud scheme.

The wholesale account executive worked in Pennsylvania for the now defunct subprime lending subsidiary of Deutsche Bank USA.

She was charged in December 2013 and accused of helping loan originators and loan processors at a mortgage brokerage falsify information on loan applications.


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Wholesale AE Coached Brokers in Mortgage Fraud

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Freddie Fares Worse Than Fannie in Adverse Market

Author:  //  Category: Mortgage

In an extremely adverse economic scenario, Freddie Mac would require more government assistance than its secondary counterpart, a new report says.

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires stress tests for federally regulated financial institutions with more than $10 billion in consolidated assets.

In the case of Freddie and Fannie Mae, the stress tests are required to be implemented this year.


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Nehemiah Vision Ministries Hires Development Director

Author:  //  Category: Mortgage

NVM expands staff to continue its mission of transforming lives in Haiti

KIRKLIN, IN, USA, April 29, 2014 /EINPresswire.com/ — As it strives to help the people of Haiti grow and develop, Nehemiah Vision Ministries has hired a development director to aid …

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Allentown woman ordered to repay government in mortgage fraud scheme

Author:  //  Category: Mortgage

… allege Rosario, who worked for Mortgage IT, a subsidiary of Deutsche … home buyers toward a city mortgage brokerage that would falsify the … fraud that contributed to the subprime mortgage crisis that damaged the global … people would not pay the mortgages never even entered her mind …

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Allentown woman ordered to repay government in mortgage fraud scheme

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MB Financial, Inc. Reports First Quarter Net Income of $20.0 Million

Author:  //  Category: Mortgage

… ,273
$
282,655
$
262,310
Mortgage-backed securities
248,082
 
249,578 … direct or indirect holdings of subprime
residential mortgage loans, home equity lines … , more than 95% of our
mortgage-backed securities are agency guaranteed.
DEPOSIT …

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MB Financial, Inc. Reports First Quarter Net Income of $20.0 Million

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New Wholesale Lender Launches

Author:  //  Category: Mortgage

A company that projects it will originate nearly 40 percent more this year than last year is looking to mortgage brokers to help it achieve its goal.

Earlier this month, loanDepot LLC made a projection that it will close $14 billion during all of 2014.

That’s significantly more than in 2013, when the Irvine, Calif,-based company funded $84 billion, and in 2012, when production amounted to $6.7 billion.


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New Wholesale Lender Launches

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