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June 20 Servicing on more than $10 billion in government-sponsored enterprise mortgages has become available for bids. There is a modest Beach State concentration.
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June 20 Although the supply of homes for sale was the most it's been in eight months, the level is still significantly low and helped drive down monthly existing sales.
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June 20 As the share of conventional business has grown at the expense of government-insured business over the past year, lending risk tightened and refinance share fell to a new low.
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June 20 A nice improvement in the volume of mortgage applications was recorded for last week. Even more impressive was the rise in applications for loans to refinance.
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June 19 A buyer is being sought to acquire the servicing on a small portfolio of agency loans that are primarily concentrated in Illinois.
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June 19 The former president of the National Association of Mortgage Brokers has been hired on as the new president of Waterstone Mortgage Corp.
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June 19 The non-current rate on consumer mortgages owned by banks fell from the end of last year. The improvement came despite an increase in foreclosures initiated and completed.
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June 19 Even though first-mortgage delinquency stands higher than it did a year ago, residential loan servicers made gains on a month-over-month basis.
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June 19 Home builders started and completed construction on housing units last month at an improved rate. But housing permit activity slowed and could weaken further due to tariffs.
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June 18 A modest boost to the expected volume of third-quarter refinance production has a small bump being made to the overall annual origination outlook.
Data Breach at SunTrust
Apr. 20
Data on more than a million customers of SunTrust Banks Inc. has been stolen. The heist was an inside job.
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Mortgage Originations Shift from FHA to Conv
Apr. 18
Compared to a year ago, conventional share has increased at the expense of government-insured share. Rising rates are impacting refinance share and, in turn, closing times.
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Former ResCap Chief Named Ditech CEO
Apr. 19
The former chairman and chief executive officer of a previous ditech.com affiliate has become the CEO and president of the company that now operates as Ditech Holding Corp.
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Cordray Spars With GOP
The head of the Consumer Financial Protection Bureau made his way to Capitol Hill this week to deliver his semiannual report to lawmakers. <watch
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The Players in Richmond's Eminent Domain Plan
Two of the key players in the battle between mortgage investors and and backers of an eminent domain plan talk about the controversial scheme, while a Realtor says his town has no business participating in the plan. <watch
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