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Lending (1516)

Nomura to Pay $25M Over Mortgage Bond Traders’ Lies

Nomura to Pay $25M Over Mortgage Bond Traders’ Lies

Tuesday, 23 July 2019
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Nomura Securities International has agreed to pay back $25 million to clients to settle SEC allegations that the Nomura Holdings unit failed to supervise former traders who gave phony prices for mortgage bond securities. So reports Bloomberg. Read more...
Mortgage Rates Rise on Federal Reserve Optimism: Freddie

Mortgage Rates Rise on Federal Reserve Optimism: Freddie

Monday, 22 July 2019
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After three weeks of treading water, U.S. long-term mortgage rates rose in the past week, according to Freddie Mac. So reports the Associated Press. Read more...
Special Report: The Role of Housing in the Longest Economic Expansion

Special Report: The Role of Housing in the Longest Economic Expansion

Tuesday, 23 July 2019
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CoreLogic, a global property information, analytics and data-enabled solutions provider, released a special report evaluating “The Role of Housing in the Longest Economic Expansion.” Read more...
New Home Purchase Mortgage Applications Up 17.9% Over Last June

New Home Purchase Mortgage Applications Up 17.9% Over Last June

Friday, 19 July 2019
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Data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) shows mortgage applications for new home purchases in June increased 17.9% compared to the same month last year. Read more...
House Passes Bill to Cut FHA Costs for First-time Homebuyers

House Passes Bill to Cut FHA Costs for First-time Homebuyers

Thursday, 18 July 2019
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First-time homebuyers could end up paying less for mortgage insurance under a new bill passed by the House of Representatives. So reports the Columbus Dispatch. Read more...
Consumer Borrowing Climbs for Second Month in a Row

Consumer Borrowing Climbs for Second Month in a Row

Wednesday, 17 July 2019
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The amount of outstanding consumer credit rose steadily for a second consecutive month, a positive sign for U.S. economic growth. So reports MarketWatch. Read more...
Mortgage Biz Should Prep for New Rate Index: Fed Group

Mortgage Biz Should Prep for New Rate Index: Fed Group

Tuesday, 16 July 2019
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Mortgage professionals should begin getting ready for a new interest-rate index that can replace Libor, the scandal-tarnished benchmark that’s due to sunset after 2021, according to a Federal Reserve working group. So reports MarketWatch. Read more...
Fed Chair: Trump Won’t Make Me Step Down

Fed Chair: Trump Won’t Make Me Step Down

Monday, 15 July 2019
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Federal Reserve chairman Jerome Powell has told lawmakers he would not quit his job as the nation’s top central banker if the president requested it. So reports the BBC. Read more...
Meeting America’s Affordable Housing Needs Requires GSE Reform, and More

Meeting America’s Affordable Housing Needs Requires GSE Reform, and More

Thursday, 11 July 2019
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Post from the JCHS of Harvard University By Michael Stegman Much of the writing that I will undertake in my fellowship year at the Joint Center for Housing Studies will address the Trump administration’s and Congress’s administrative and legislative efforts to reform the secondary mortgage market, including determining the fate of the government-sponsored enterprises (GSEs)… Read more...
Apartment Demand Jumps, Home Rentals Gain Favor

Apartment Demand Jumps, Home Rentals Gain Favor

Thursday, 11 July 2019
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Demand for rental apartments climbed in the second quarter of the year, up 11% from a year earlier. So reports CNBC, citing data from real estate software vendor RealPage. Read more...

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