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Wednesday, August 27, 2014

agencies, regulators missed Taylor Bean red flags | lenders lift originations, earnings



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Agencies, Regulators Missed Taylor Bean Red Flags preview | full story
A report from the Office of Inspector General Federal Housing Finance Agency found that the housing finance agencies and regulators missed opportunities to avoid losses from the Taylor, Bean & Whitaker Mortgage Corp. debacle.
www.mortgagedaily.com/stories/GseTbw082614.asp


www.pointserv.com

Mortgage Lenders Lift Originations, Earnings preview | full story
As residential loan originations at independent mortgage bankers moved higher, production earnings swung back into the black. But originations and earnings fell short of a year earlier.
www.mortgagedaily.com/stories/ProductionProfits082614.asp


www.LoanKinection.com

Servicing Income Holds as Portfolios Grow preview | full story
Income from operations at independent mortgage servicers has been stable even as residential servicing portfolios have been growing.
www.mortgagedaily.com/stories/ServicingProfits082614.asp



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Home Loan Delinquency Rate Sinks preview | full story
The rate of past due payments on residential loans was down last month. Also improving was the foreclosure inventory rate.
www.mortgagedaily.com/stories/Delinquency082614.asp


Home Price Gains Lose Steam preview | full story
Home price gains have lost strength, which could be a sign of more normalized housing market conditions. Federal Reserve actions, however, could break the calm.
www.mortgagedaily.com/stories/MctRealEstate082614.asp


Mortgage Bankers Cut Purchase Financing Forecast preview | full story
The expected volume of loans used to finance home purchases was lowered for the current quarter and year.
www.mortgagedaily.com/stories/Outlook082614.asp

Goldman Agrees to $3 Billion in Repurchases preview | full story
The Goldman Sachs Group Inc. has agreed to repurchase more than $3 billion in residential mortgage-backed securities it sold to Fannie Mae and Freddie Mac.
www.mortgagedaily.com/stories/SettlementGoldman082514.asp

Retail, Wholesale HECM Channels Both Off in June preview | full story
A monthly drop in federally insured reverse mortgage production impacted retail and wholesale channels alike. Overall business has since moved higher.
www.mortgagedaily.com/stories/ReverseProduction082514.asp


New Home Sales Disappoint preview | full story
New home sales unexpectedly declined last month, and it was the Northeast that created the biggest drag on the national market.
www.mortgagedaily.com/stories/MctRealEstate082514.asp


CMBS Delinquency Ticks Up in July preview | full story
For the first time since 2012, the late payment rate on securitized commercial real estate loans moved higher. Out front of the deterioration were loans secured by office buildings.
www.mortgagedaily.com/stories/DelinquencyCmbs082614.asp


Read the full text of these articles and many more at: www.MortgageDaily.com




     

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