American Capital Mortgage Investment’s (MTGE) CEO Gary Kain on Q1 2016 Results – Earnings Call Transcript

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… , Senior Vice President of Agency Mortgage Investments; Don Holley, Senior Vice … and some higher-priced and higher-quality subprime positions.
In light of the … have stated before, we believe mortgage credit risk from recent origination …

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American Capital Mortgage Investment’s (MTGE) CEO Gary Kain on Q1 2016 Results – Earnings Call Transcript

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SubscriberWise CEO and FICO Pro David Howe Urges Legislative Action to Protect Children in Interview with ViodiTV

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David Howe, SubscriberWise CEO and the highest FICO achieving consumer in financial underwriting history, discusses the failure of Congress to protect children.

LAS VEGAS, NV, U.S.A., April 29, 2016 /EINPresswire.com/ — David Howe, SubscriberWise …

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Another Increase for COFI

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For the fourth consecutive month, the Cost of Funds Index has risen over the previous month. Another index, though, has been falling.

As of March 2016, the 11th District COFI inched up less than a single basis point compared to one month previous.

The index is utilized to determine rate and payment changes on some adjustable-rate mortgages, many which are held by Wells Fargo & Co.


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Another Increase for COFI

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Tennessee Bank Fails

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A bank out of Tennessee has been seized by state regulators and closed down. Meanwhile, it was recently revealed that United Wholesale Mortgage’s retail unit previously closed down.

On Friday, the Tennessee Department of Financial Institutions seized control of Trust Company Bank, according to an announcement. The financial institution is located in Memphis.

“The department took possession of Trust Company Bank due to Trust Company Bank’s severely impaired capital, unsound condition and inability to continue normal operations,” the statement said.


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Fannie’s New Business at 5-Month High

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Business rose to the highest level in five months at the Federal National Mortgage Association, while delinquency fell to a nearly eight-year low.

New business acquisitions at the government-controlled enterprise totaled 14 percent more during March than during the previous month.

The last time that secondary mortgage lending activity was this high at the Washington-based organization was back in October of last year.


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Fannie’s New Business at 5-Month High

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PrimeLending’s Mortgage Closings, Servicing Down

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Residential loans originations softened on a quarter-over-quarter basis at PrimeLending. Also declining was the lender’s mortgage servicing portfolio.

For the first-three months of this year, mortgage production at the Dallas-based firm came to 4 percent less than in the final-three months of last year.

The details, along with other operational and financial results, were presented by parent Hilltop Holdings Inc. in its first-quarter 2016 earnings report.


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New Mortgage Refinance Business Plunges

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New refinance business took a dive this past week, driving down overall new mortgage activity in the process. Adjustable-rate mortgage activity ascended, though.

Mortgage Daily’s U.S. Mortgage Market Index, a measure of average per-user rate-lock volume by OpenClose clients, came in at 157 in the week ended April 29.

The index, a reflection of new mortgage activity during the seven days that ended at midnight on Thursday, tumbled from a week previous, when it landed at 189.


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New Mortgage Refinance Business Plunges

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Westland couple to keep home after foreclosure fight

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… while getting out of a sub-prime mortgage that more than doubled their …

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Filppula Bidding Fee Auction Teachings Are Maintained By USPTO

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USPTO maintains Filppula auction teachings as the Federal law despite a challenge attempt by Ibidgames and Martin Vincent.

PLANTATION, FLORIDA, USA, April 29, 2016 /EINPresswire.com/ — United States Patent and Trademark Office, USPTO has issued a final …

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Solid Quarter at Genworth M.I.

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Despite a dip in new business at Genworth Mortgage Insurance Corp., income improved, the book of business grew and delinquency declined.

New insurance written during the period from Jan. 1, 2016, through March 31 amounted to $7.400 billion.

That was modestly lower than in the previous three-month period, when $7.800 in new business was generated.


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Solid Quarter at Genworth M.I.

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