mortgages

Dimon calls for overhaul of FHA, mortgage lending rules

04/04/17

Speaking at a town hall event in Washington, D.C., JPMorgan Chase CEO Jamie Dimon said that post-crisis regulations have made mortgages too costly for consumers — and made homeownership unattainable for borrowers with low incomes or blemished credit histories.

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Flagstar to buy West Coast mortgage lender

04/04/17

Opes Advisors has 39 locations in California, Oregon and Washington. The firm generated $3 billion in mortgages last year.

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More evidence that rising student debt is bad for banks

04/03/17

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

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Why Fannie still sees room to grow in multifamily

03/28/17

Demographic trends continue to fuel demand for apartments, and there is a large volume of 2007 vintage loans up for refinancing, says Jeffrey Hayward, Fannie Mae's head of multifamily mortgage.

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Bankers, credit unions oppose GSEs' foray into chattel loan market

03/28/17

The Federal Housing Finance Agency is facing criticism from bankers and credit unions over its planned pilot program to allow Fannie Mae and Freddie Mac to securitize manufactured housing loans.

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GSE common securitization plan delayed to 2019

03/23/17

Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.

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Credit bureau, fintech firm partner on data-aggregation product for mortgages

03/20/17

Experian and Finicity have released a product that aims to speed up decisions on mortgage applications, using financial data aggregation technology.

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Trump budget could worsen flood insurance woes

03/17/17

The Trump administration's decision to slash all funding for the flood mapping and loss mitigation efforts in flood prone communities is getting push back from supporters of better management policies.

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Bankers renew push to give Qualified Mortgage status to portfolio loans

03/13/17

Banks are stepping up their efforts to win a key exception to the Consumer Financial Protection Bureau's "Qualified Mortgage" rule.

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Democrats seek forgiveness on flood program's $25 billion debt

03/09/17

The debt is costing taxpayers $4 billion a year, but rather than forgive it Republicans remain focused on creating a private flood insurance market.

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