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May 09, 2014
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How a Broker of Reverse Mortgages Became a Reform Firebrand by BONNIE SINNOCK Atare Agbamu promised his elderly clients that reverse mortgages were regulated to protect them and their spouses and heirs. Then he came across a HUD letter to lenders indicating otherwise.
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PHH Profits Drop as Company Weighs Selling Mortgage Unit by KRISTIN BROUGHTON PHH Corp. swung to a net loss in the first quarter, driven by losses in the mortgage banking business that it is considering selling.
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ADVERTISEMENT GSEs Halt Mortgage Servicing Transfers Due to Missing Documents Improper or missing title policies and other mortgage documents can stall mortgage servicing transfers, according to Orion Financial Group
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FHFA Rejects Call for Tighter Oversight of Mortgage Insurers by BRAD FINKELSTEIN The regulator's Office of the Inspector General says it should have issued formal guidance to Fannie and Freddie over their dealings with the MIs.
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Fannie, Freddie Warn They Are Running 'With No Cushion' by KATE BERRY The government-sponsored enterprises remain profitable, but executives are raising fresh concerns about their ability to withstand a recession because of restrictions on raising capital.
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Why Not Make the GSEs More Like Ginnie—Or Like the Banks? by MARK FOGARTY Proposed reforms for Freddie Mac and Fannie Mae seem to be bogged down in the House and Senate. It might be time for legislators to start thinking about different solutions.
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Fannie Mae and Freddie Mac to Pay $10.2 Billion From Profits Fannie Mae and Freddie Mac will pay the U.S. Treasury Department a combined $10.2 billion by June 30, an amount reflecting the profits the U.S.-owned mortgage financiers reported for the first quarter.
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Radian Bets on Private-Label MBS Market Rebirth in Clayton Deal by BRAD FINKELSTEIN Even if private securitization deals are smaller or fewer, Clayton's loan review and due diligence services should be in hot demand as memories of the crisis linger, Radian reckons.
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Featured Events
Principles of Conventional Underwriting Instructor-Guided Online Course Wed, 14 May 2014 READ MORE »
Preparing for a CFPB Examination Webinar Thu, 29 May 2014 READ MORE »
Advanced FHA Underwriting Instructor-Led Online Course Tue, 03 Jun 2014 READ MORE »
Distressed Residential Mortgage Summit NY Marriott Marquis Wed, 18 Jun 2014 - Thu, 19 Jun 2014 READ MORE »
Resource Center
Enabling Transformation for the changing Banking Industry WHITEPAPER The Banking/Financial Industry has gone through significant changes since the economic downturn.
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11 Mortgage Industry Strategies to Thrive in 2014 WHITEPAPER Success in the mortgage business has never been simple or easy, but that's especially true today.
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Building Brand Loyalty in Financial Services WHITEPAPER In an industry where brand loyalty is key, banks must work diligently to ensure top-notch service and customer outreach through every one of its channels.
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