New Business Rises to 3-Month High at Fannie

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New business was the strongest it’s been in three months at the Federal National Mortgage Association, while delinquency was lower than its been in more than six years.

Last year’s final month brought 2 percent more in new business acquisitions than in November for the secondary lender, according to monthly operational data.

Turns out that Washington-based Fannie Mae’s new business acquisitions were at the highest level they’ve been since September 2014.


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New Business Rises to 3-Month High at Fannie

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COFI ARM Index Up 3rd Consecutive Month

Author:  //  Category: Mortgage

A West Coast index for a small share of adjustable-rate mortgages has increased for the third consecutive month.

The Cost of Funds Index is based on the interest expense of 11th District members in the Federal Home Loan Bank System.

In December, COFI was down less than 1 basis point from the previous month. The index has elevated each month since September.


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COFI ARM Index Up 3rd Consecutive Month

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Camille Paldi Makes a Call to Western Executive Women in Struggle Against Violence Against Women

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Camille Paldi Takes a Stand Against Violence Against Women

KUALA LUMPUR, MALAYSIA, January 31, 2015 /EINPresswire.com/ — American Islamic Finance Expert, Lawyer, and FAAIF CEO calls on American, British, Australian, and Western executive women to invite …

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Camille Paldi Makes a Call to Western Executive Women in Struggle Against Violence Against Women

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Atlanta, Georgia REALTOR® Jacquelyn Hutchison Earns Her Military Relocation Professional (MRP) Certification

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The Military Relocation Professional (MRP) Certification Is For Real Estate Professionals Who Want To Work With Current And Former Military Service Members

ATLANTA, GEORGIA, USA, January 31, 2015 /EINPresswire.com/ — Jacquelyn Hutchison grew up …

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Atlanta, Georgia REALTOR® Jacquelyn Hutchison Earns Her Military Relocation Professional (MRP) Certification

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DealBook: Surge in Subprime Loans Linked to Cars Draws Regulatory Scrutiny

Author:  //  Category: Mortgage

Updated, 10:50 a.m. |
It is a tempting offer: Convert that beaten-up car in the driveway into hard cash with a simple loan.
But car title loans, which allow owners to borrow money against their cars, are having devastating financial consequences for a …

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DealBook: Surge in Subprime Loans Linked to Cars Draws Regulatory Scrutiny

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Rush to FHA Continues as Weekly Mortgage Biz Up

Author:  //  Category: Mortgage

Weekly mortgage activity turned higher, and government-insured business saw the biggest improvement for the second week in a row.

The U.S. Mortgage Market Index from LoanSifter/Optimal Blue and Mortgage Daily for the week ended Jan. 30 was 259.

Compared to the previous report, the index — which is reflective of average per-user pricing inquiries by LoanSifter clients — was up 6 percent.


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Rush to FHA Continues as Weekly Mortgage Biz Up

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Seller-Servicer Approval Requirements Updated

Author:  //  Category: Mortgage

Seller-servicers on conventional agency loans will likely soon be subject to revised financial requirements in order to maintain agency approval.

New minimum financial eligibility requirements were proposed by the Federal Housing Finance Agency Thursday for clients of the government-sponsored enterprises.

The proposed changes, which are intended to align GSE requirements, impact seller-servicers for both Fannie Mae and Freddie Mac.


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Marani Brands Inc CEO Margrit Eyraud Announces Completion of Joint Venture Agreement for Brazil

Author:  //  Category: Mortgage

TUSTIN, CALIFORNIA, USA, January 30, 2015 /EINPresswire.com/ — Marani Brands Inc. (OTC Pink: MRIB) is proud to announce that the Company has completed a joint venture agreement with, it's Brazilian distributor and has established a Subsidiary in …

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Marani Brands Inc CEO Margrit Eyraud Announces Completion of Joint Venture Agreement for Brazil

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Guardian Mortgage Named Top Fundraising Contributor for TMBA PAC in 2014

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Guardian Mortgage has been named the top company for fundraising for TMBA PAC in 2014

PLANO, TX, USA, January 30, 2015 /EINPresswire.com/ — In a recent announcement by the Texas Mortgage Bankers Association (TMBA), Guardian Mortgage has been named the …

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Insurer Subsidiary Moving Mortgage Jobs to Ohio

Author:  //  Category: Mortgage

A mortgage banking subsidiary of an insurance company is moving approximately 175 mortgage jobs from Iowa to Ohio.

Nationwide Advantage Mortgage Co. currently conducts mortgage operations from a facility located in Des Moines, Iowa.

The residential lender is a subsidiary of Nationwide Mutual Insurance Co., which employs 4,300 people in the Des Moines area.


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