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General Electric has agreed to a $1.5 billion settlement to resolve federal claims involving the alleged misrepresentation of sub-prime loans originated by its former sub-prime mortgage subsidiary WMC Mortgage
A former mortgage executive who pleaded guilty to bank fraud eight years ago was sentenced this week to three years in prison. Michael Ashley pleaded guilty in 2011 to committing bank fraud while in...Read more
The level of commercial and multifamily mortgage debt outstanding hit $3.39 trillion by the end of 2018
The trade association representing the nation’s community banking industry called out the federal...Read more
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Hurricane Barry may not have been as severe as many feared, but that’s not to say it had no impact...Read more
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President Trump ratcheted up his campaign to get the Federal Reserve to cut rates. The President...Read more
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The Trump Administration is planning to release its plan to end the federal conservatorship of the...Read more
The Appraisal Institute has called for congressional oversight in response to the National Credit Union Administration’s (NCUA) decision to increase the threshold on appraisals for non-residential real estate loans from $250,000 to $1 million
The Appraisal Institute has called for congressional oversight in response to the National Credit...Read more
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After three weeks of holding steady, mortgage rates have taken an upward motion in Freddie Mac’s...Read more
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U.S. Department of Housing & Urban Development (HUD) Secretary Ben Carson waded into the...Read more
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Contrary to the Rodgers and Hammerstein song, June was not busting out all over when it came to...Read more
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Closing rates hit new highs in June as the 30-year note rate sank for the sixth consecutive month,...Read more