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Mortgage Bank Profits Back in Black

by devteam August 26th, 2014

Mortgage banks substantially improved their bottom line numbers in the second quarter after posting a loss on every loan written during the first quarter of the year. The Mortgage Bankers Association (MBA) said Independent mortgage banks and mortgage

First Broad-Based Decline in Home Price Growth Since Feb 2008

by devteam August 26th, 2014

The S&P Dow Jones Case-Shiller Home Price Indices for June confirm what reports from earlier months have indicated, that there is a sustained slowdown in home price increases. June data indicate that the slowdown is also nationwide, affecting every

CFPB Cautions Servicers about MSR Transfer Risks

by devteam August 26th, 2014

The Consumer Financial Protection Bureau (CFPB) recently revised its policy guidance to residential mortgage servicers and subservicers regarding transfers of residential servicing rights . Compliance Bulletin 2014-01 was issued due to concerns about

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