Mortgage Industry Calls on Massachusetts Delegation to Address Housing Finance Reform

Fannie Mae and Freddie Mac were placed under government conservatorship – or legal guardianship – during the financial crisis in 2008. The move was intended to protect the U.S. housing system but instead resulted in a $187 billion taxpayer-funded government bailout. Nearly ten years later, these
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SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American's proprietary Potential Home Sales model for the month of November
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Speaking on the investment, Rajat Gandhi, Founder and CEO, Faircent, said, “These are exciting times for P2P lending in India, and Faircent is here to unleash the power of retail lending. As India's largest platform, being backed by marquee investors, and the fact that the RBI has come out with
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Accordingly, cryptocurrency is projected to quickly become a mainstream form of payment—including in connection with real estate transactions. Bitcoin remains unregulated and unrecognized as an official U.S. currency. Nonetheless, Bitcoin is subject to taxable appreciation once converted to dollars,
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We'll add more market news briefs throughout the day. Check back to read the latest. Most recent market news. Tuesday, December 19. U.S. Census Bureau and the U.S. Department of Housing and Urban Development Monthly New Residential Construction, November 2017. Building Permits.
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“Facebook took down accounts and stopped the operational execution of ongoing cyber attacks and Microsoft acted to patch existing attacks, not just the WannaCry attack initially,” White House homeland security adviser Tom Bossert said on Tuesday. Bossert did not provide details on the actions but
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Rustler suggested that I treat it as a credit card, which seemed to work, but when I transfer money from the LOC to a bank account the bank transaction comes back as “Disbursement” and cannot be matched to the Transfer. I had a similar problem Transferring to the LOC from the bank, but handled that
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Cityland, a real estate agency in Bucharest, specialized in trading properties in new residential compounds, will also start selling apartments in bitcoin because of the virtual currency's growing popularity. “As we've noticed an increase in the number of Romanians active in the Bitcoin market, most of
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The 10-13 vote by the Senate's banking committee Tuesday ends the Republican's bid to return to Washington as the chairman of the Export-Import Bank after his nomination by President Trump. “I believe he's a principled man who simply believes in the abolishment of the bank,” said Sen. Mike Rounds
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Business and personal banking has, up until a few years ago, been one of the last bastions of “business hours,” with the wait times and slow customer service to show for it. But technology has changed that significantly, as more and more of the younger generation is unwilling to wait for customer service
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Adjustments also have not been made for the effects of an anticipated increase in the volume of secondary market transactions, reentrance of Fannie Mae and Freddie Mac into the market, and the reduced size of the annual equity market. The following analyzes the effect of the two changes and
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“The challenge is not to jump immediately from mission accomplished in housing into the next tightening cycle,” said Daniel Blake, an interest-rate strategist at Morgan Stanley in Sydney. “You want to see how this cooling housing market affects consumption spending, because some have ridden the
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Ray Dalio decreased its stake in Tjx Cos Inc New (TJX) by 19.93% based on its latest 2017Q2 regulatory filing with the SEC. Bridgewater Associates Lp sold 16,419 shares as the company's stock declined 3.78% while stock markets rallied. The hedge fund run by Ray Dalio held 65,968 shares of the
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Wells Fargo & Co. has expanded Mary Mack's responsibilities once again, appointing her to head the company's consumer lending business in addition to the community banking division she already leads. Mack left Wells Fargo's St. Louis-based brokerage unit in July to become head of the company's
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Montreal has seen a “statistically significant” increase in the number of non-resident buyers this year, a new report says, suggesting investors may be shifting their focus to Quebec's largest city after foreign-buyer crackdowns in Toronto and Vancouver. The non-resident share in Montreal climbed from 1.1
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A Senate committee on Tuesday rejected President Trump's nominee to lead the Export-Import Bank, extending the chaos at the embattled agency whose job is to help U.S. companies sell their goods abroad. Two Republicans joined all Democrats on the Senate Banking Committee in voting against
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NEW YORK, Dec. 19, 2017 /PRNewswire/ — Despite recent measures to reign in China's surging property markets, the price of home ownership in China continues to soar, outpacing increases in income nationwide and rates of housing prices worldwide. Even in this climate, China maintains one of the
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The social network debuted new features on Tuesday intended to alert people when someone else has uploaded a photo of them, even if they weren't “tagged” in the photos with their real names. Users can then approve the image for publishing, choose for it to be untagged without their names,
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WASHINGTON, Dec 19 (Reuters) – U.S. single-family homebuilding and permits surged to more than 10-year highs in November, in a hopeful sign for a housing market that has been hobbled by supply constraints. Builders have struggled to meet robust demand for housing, which is being fueled by a
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We begin our report on Montgomery County, home to the city of Dayton, Ohio, begins with a broad look at application and origination activity during the past 27 years (1990 to 2016) and then delves into trends during the 13-year period from 2004 to 2016.
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