The News That Keeps You Informed

Marketing, TPO Products; Wholesale Updates and Mudslinging

Posted To: Pipeline PressWhile in captivity it is important to remember good grooming is important . Good communication is important ...
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MBS Week Ahead: For Bonds, Fundamental Hope, But Technical Caution

Posted To: MBS CommentaryFundamentals and technicals represent the two main schools of thought when it comes to market analysis. Fundamental ...
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Mortgage Market Ridiculously Good or Just Ridiculous?

Posted To: Mortgage Rate WatchIt should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances ...
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MBS RECAP: Big Scary Reversal in Bonds (Spoiler Alert: It Wasn’t That Scary)

Posted To: MBS CommentaryBig Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary) Just as bonds were settling into ...
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Biggest Drop yet in Forbearances Brings us Back to April’s Levels

Posted To: MND NewsWireBlack Knight's weekly report on the numbers of mortgage loans in COVID-19 forbearance plans shows that a ...
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CFPB Study Finds Mixed Results for ‘Credit-Builder’ Loans

The Consumer Financial Protection Bureau today released a study of the effects of so-called credit-builder loans on credit scores. The ...
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ABA: More Detail Needed in FinCEN Analysis of CTR Burden

A recent estimate by the Financial Crimes Enforcement Network of the total cost to file currency transaction reports “significantly underestimates” ...
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State Laws: How to Design a Sustainable Process

Prior to Dodd-Frank, federal law often preempted state law. Under the new analysis, that is generally no longer the case ...
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Banks of All Sizes Supported Nearly 48.5 Million Jobs through PPP

The post Banks of All Sizes Supported Nearly 48.5 Million Jobs through PPP appeared first on ABA Banking Journal ...
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Agencies Propose Rule to Increase Flexibility for Grandfathered Group Health Plans

The Departments of Treasury, Labor, and Health and Human Services on Friday issued a proposed rule to amend the requirements for grandfathered ...
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Patriot National hires outsider as next leader

The Connecticut company recruited Robert Russell from Millington Bank to become its president and CEO ...
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Wells Fargo buys $14B of delinquent mortgages tied to pandemic

The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past ...
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Lawsuit against Plaid heightens focus on data privacy issues

A class action asserts that the data aggregator accesses more of consumers' bank account information than it needs and ultimately ...
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FDIC lacks adequate sexual harassment prevention, reporting system: IG

Even though fewer cases are reported among the agency's employees compared to the government average, the watchdog said the Federal ...
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Consumers in Canada shun cash and bank branches on virus fears

Canadian consumers are changing their banking habits to reduce physical contact with others because of COVID-19, according to a new ...
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Mortgage forbearance rate tumbles almost 3x from week before: MBA

The number of loans going into coronavirus-related forbearance fell for the fourth consecutive week, as the growth rate plummeted 21 ...
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Proper Rate launches after ‘fire hose’ of loan volume from coronavirus

After months of pandemic-related delays, the joint venture between Guaranteed Rate and @properties started originating mortgages ...
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Possible Supreme Court win on profits for GSEs dwarfs coronavirus woes

B. Riley FBR raised its ratings for both Fannie Mae and Freddie Mac to sell from neutral on the possibility ...
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Quicken Loans opposes proposed HUD change to fair housing enforcement

The existing framework should not be revised until a consensus has been achieved among stakeholders, including civil rights experts, according ...
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Bay Area home sales plummet during coronavirus, but prices rise

Bay Area home sales plummeted in May, falling by more than one-third in most counties and by nearly half in ...
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