Fitch: Here's the impact of Ocwen's massive MSR deal with New Residential

Fitch: Here's the impact of Ocwen's massive MSR deal with New Residential

Ocwen Financial may be facing serious allegations from the Consumer Financial Protection Bureau and a hefty group of state regulators about the
See Original Article

Risk assessment: Fewer homes face hurricane damage in 2017

Fewer homes are at risk of hurricane damage in 2017 than in the year before and the 30-year average, according to CoreLogic's estimates. CoreLogic
See Original Article

Homebuyers don't need mortgage permission for home loans in Noida anymore

As per the earlier rule, a homebuyer had to waste many days and even allegedly pay a bribe to officials to get the mortgage permission and obtain a
See Original Article

FARM LENDING IN CURRENT ECONOMY

From farmers to the banks and lending institutions that provide financing for farm operations. Economist Nathan Kauffman with the Federal Reserve
See Original Article

How much does the Fed's action to solve the appraisal shortage really help?

Matt Simmons, a partner at Maxwell, Hendry & Simmons, who also recently sat on a recent HousingWire panel to discuss the state of the appraisal
See Original Article

Barclays sells Zimbabwe operation to Malawi lender

Barclays has ended its 105-year presence in Zimbabwe by agreeing to sell its operations in the cash-starved African country to First Merchant Bank,
See Original Article

Bank of India to focus on one-time settlement to recover bad loans

Banks are allowed to settle NPA accounts even after taking large haircuts … “NPA recovery is one of the focus areas for the bank,” Aggarwal said.
See Original Article

2017 Rising Stars: Grier Allen

Grier Allen is the co-founder, president and CEO of BoomTown, a sales and marketing platform for real estate professionals that uses patented
See Original Article

Fannie Mae hits $1 trillion mark on credit risk sharing

The original unpaid principal balance of single-family mortgage credit risk Fannie Mae has transferred since 2013 has risen to $1 trillion, the agency
See Original Article

The rescue of Italian lender will not end banking woes

The rescue of Monte dei Paschi di Siena has been a long time coming. The problems at Italy's oldest bank, discernible as early as 2009, were rapidly
See Original Article

Paulson, Blackstone Said to Back Plan to Free Fannie-Freddie

Paulson & Co. and Blackstone Group LP are among investors backing a proposal that Fannie Mae and Freddie Mac be recapitalized and released
See Original Article

Community banking's future is in offering advice, not products

Bankers were trusted community leaders. If you attained such a label, you made your parents proud and found purpose in your calling. Today
See Original Article

Europe Backs a Bailout for Italy's Oldest Bank

The deal would allow the Italian government to provide capital under a so-called precautionary recapitalization, which would require that the bank be
See Original Article

Real estate notes: East side hotel project progresses

A joint venture involving New York-based Gramercy Property Trust Inc. and San Francisco-based TPG Real Estate has paid $14.75 million for a
See Original Article

2017 Rising Stars: Leo Pareja

Pareja name By the time Leo Pareja celebrated his 28th birthday, he was the No. 1 Keller Williams agent in the world. During his 15-year career of
See Original Article

Big banks mine retail units for growth as business lending lags

Big bank CEOs are counting on growth on the retail side of the business — from credit cards to mortgages — to help lift them out of the funk in
See Original Article

African-American and Hispanic Families Priced out of Real Estate in West Coast Markets

In 2016, just 18 percent of homes for sale in the 30 largest U.S. metros were affordable for middle-class Hispanic families and 14 percent were
See Original Article

10 Crucial Real Estate Contract Terms Home Buyers Should Know Before They Sign

If you ever attempt to read a real estate contract, you will quickly find that this paperwork is packed with a slew of terms you might not be familiar
See Original Article

Guild Mortgage launches a 1%-down loan program

Guild Mortgage in San Diego has launched a 1%-down loan program to court millennial borrowers, who tend to lack down-payment resources and
See Original Article

Long-term US mortgage rates

Long-term U.S. mortgage rates Long-term U.S. mortgage rates were flat to slightly lower this week. Current avg, Last week, 52-week high, 52-week low.
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.