mortgages

Housing market could test new HUD secretary

03/03/17

Ben Carson is facing a turbulent housing market as he takes the reins of the Department of Housing and Urban Development, with mortgage rates rising, inventories tight and home prices higher.

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Lenders scramble to educate homebuyers about changing mortgage conditions

03/03/17

Simultaneous spikes in home prices and mortgage rates have put an unusual squeeze on borrowers' purchasing power and require lenders to be proactive about protecting their loan pipelines.

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Banc of California to sell mortgage business to Caliber Home Loans

03/03/17

Caliber will also buy about $36 million of mortgage-servicing rights in a deal that is expected to close at the end of March.

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Give all creditworthy borrowers mortgage loans, regardless of race

02/28/17

Biased housing finance practices perpetuate the wealth gap between whites and communities of color.

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Will rising mortgage rates force loosening of credit standards?

02/27/17

With mortgage rates and housing prices both expected to go up this spring, lenders are facing a decision on how they will adjust to the decline in refinancings and overall lending volumes.

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Delinquency uptick a red herring in argument over FHA premium cuts?

02/22/17

Republican lawmakers are citing a recent report that delinquencies rose for loans guaranteed by the Federal Housing Administration as a reason to delay a premium cut, but economists suggest the uptick is related to seasonal issues.

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Hedge funds can't sue over investments in Fannie or Freddie

02/21/17

A federal appeals court upheld a ruling that barred hedge funds from suing to overturn the U.S. government’s 2012 decision to capture billions of dollars in the profits generated by the mortgage guarantors Fannie Mae and Freddie Mac after their bailout.

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Ocwen agrees to big penalties to resume business in California

02/17/17

The mortgage servicer will pay at least $25 million in cash and provide some $200 million in debt relief to borrowers to resolve a range of alleged violations. But Ocwen will also be allowed to resume acquiring servicing rights in the nation's largest state.

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Freddie focusing on credit risk transfers as portfolio winds down

02/17/17

Freddie Mac is ramping up its use of credit risk transfers, completing $215 billion in single-family transfers last year, up to $600 billion since 2013.

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Wintrust to buy assets, liabilities of Montana mortgage company

02/16/17

The deal with American Homestead Mortgage will allow Wintrust Mortgage to move into northern Montana.

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