Servicers Fare Well in Settlement Compliance Report

Author:  //  Category: Mortgage

The latest report card is in for residential loan servicers included is a massive servicer settlement three years ago, and the group fared well.

No failed metrics were uncovered for Bank of America, N.A.; Green Tree Servicing LLC; J.P. Morgan Chase Bank, N.A.; or Wells Fargo &Co.

The performance evaluations were required as part of the $25 billion servicer settlement reached in 2012 with state attorneys general and federal agencies.


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CMBS Delinquency Up First Time in 8 Months

Author:  //  Category: Mortgage

The rate of delinquency on securitized commercial real estate loans moved higher for the first time in eight months during June. Loans backed by retail and multifamily properties led the increase.

As the end of this month, the rate of 30-day delinquency on loans included in commercial mortgage-backed securities was five basis points less than in May.

It was the first month that CMBS loan performance deteriorated since October 2014, though there was a year-over-year improvement.


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HuffPo: Couple Uses Reverse Mortgage to Buy Ideal Home

Author:  //  Category: Mortgage

… commercial about HECM mortgages.
“This form of reverse mortgage required them to … purchase price, and the reverse mortgage would cover the rest,” explains … of $160,000 before the subprime mortgage crisis.
“The house dipped substantially …

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CFPB Seeks More Feedback on Complaint Database

Author:  //  Category: Mortgage

The nation’s regulator of consumer financial products wants feedback about how to present data from its controversial complaint database.

More than 7,700 anonymous complaints about financial services providers, including mortgage firms, were posted for public viewing by the Consumer Financial Protection Bureau last week.

Public disclosure of the complaints has raised a number of concerns within the financial services industry because of limitations about how lenders can respond, complaint validity, consumer confusion and privacy.


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New FHA Business Climbs to 2-Year High

Author:  //  Category: Mortgage

It’s been almost two years since monthly government-insured mortgage originations were this strong. But despite an acceleration in new business, loan performance deteriorated.

The Federal Housing Administration endorsed 23 percent more in residential loans — including traditional loans, home-equity conversion mortgages and Title I loans — during April than in March.

The statistics were based on a Mortgage Daily analysis of data reported by the Department of Housing and Urban Development.


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Exclusive Felix the Cat Fine Artwork from Don Oriolo Coming Soon from Soho Prints

Author:  //  Category: Mortgage

DENVER, COLORADO, USA, June 30, 2015 /EINPresswire.com/ — Soho Art International/Soho Prints Digital Arts Ltd., today announced a development and distribution partnership with artist Don Oriolo for an initial artwork collection of Felix the Cat original …

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Equitable Group: Consistent ROE, Reasonable Valuation And New Dividend Make For A Solid Investment

Author:  //  Category: Mortgage

… the sub-prime mortgage crises in the United States that decimated home prices.
Sub-Prime … of mortgages in Canada (CMHC does not insure sub-prime mortgages, they insure mortgages with … main operating unit's sub-prime mortgage borrowing, and their deposit taking …

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Equitable Group: Consistent ROE, Reasonable Valuation And New Dividend Make For A Solid Investment

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Flippers Pizzeria Announces Free MyPies on July Fourth

Author:  //  Category: Mortgage

Flippers puts the flavor in Independence Day.

ORLANDO, FL, USA, June 29, 2015 /EINPresswire.com/ — To recognize the sacrifices that veterans have made and the risks undertaken by service men and women daily, Florida pizza franchise Flippers Pizzeria is …

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EuroZone Profiteers: How German and French Banks Helped Bankrupt Greece

Author:  //  Category: Mortgage

… ran Depfa, a German public mortgage bank. Depfa helped Athens get … easy money in the recent sub-prime mortgage crisis in the U.S … with virtually no collateral.
“The mortgage market for white Americans was … loans.”
We know how the sub-prime crisis ended in 2008 – and …

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If I were Greek I’d vote No and leave the EU

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… is gone and should, like sub-prime mortgages, never have been lent in …

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If I were Greek I’d vote No and leave the EU

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