Fannie Mae announces latest sale of non-performing loans FDIC wants in on JPMorgan settlement, bogs down talks WDB Funding names Andrew Pollock president and CEO The first recipient of the 2018 President's Award is presented to the. name and logo to be launched in 2019, identification of new funding. with her husband, Kris, and 3 children, Andrew, Ellie, and Devin. Notable past members of the club include Drs. Laura Pollock, Stacey Scanlon, and Crystal Press.FDIC wants in on JPMorgan settlement, bogs down talks October 10, 2011. As most of you know, deutsche bank national trust company sued jpmorgan chase and the FDIC back in 2009 over claimed breaches of contract as to WaMu initiated mortgage loans which were made part of securitized mortgage loan trusts where DB is the "trustee".National foreclosure inventory drops: LPS According to Lender Processing Services (NYSE:LPS) November Mortgage Monitor Report, the volume of loans moving to REO continued to drop as the moratorium further delayed foreclosure sales. While the 90+ delinquency category has steadily declined, the number of loans moving to seriously delinquent.The winning bidders for the transaction were the Community Loan Fund of New Jersey Inc. (NJCC. additional enhancements to its requirements for sales of non-performing loans by Fannie Mae and.DataQuick finds increase in sales of high-end homes in 2010 Housing market news home prices and Buyer Competition Hit New Highs in June as Inventory Drought Dragged into 21st Consecutive Month . New records set: 26.6 percent of homes sold in June went for more than their asking price and the typical home found a buyer in 36 daysSPEED: Fannie Mae will directly approve short sales Moody’s Says US May Wind Down Fannie, Freddie Thirty-year, fixed-rate mortgages could be harder to find as Fannie Mae and Freddie Mac wind down. winding down, Fannie and Freddie can’t be wound down until Congress acts and puts something else.able to complete a short sale. what priCe iS Bayview willinG to aCCept? 4 A short sale can have a less negative impact on credit scores than foreclosure and may allow a homeowner to be eligible sooner to buy a new home under Fannie Mae guidelines. doeS a Short Sale affeCt my Credit? 3 A short sale is not your only option. A modification
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Shadow inventory declines to five-month supply: CoreLogic “Since peaking at 2.1 million units in January 2010, the shadow inventory has fallen by 28 percent. The decline in the shadow inventory is a positive development because it removes some of the downward pressure on house prices,” said Mark Fleming, chief economist for CoreLogic.
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House approves higher FHA conforming loan limits Mortgage Glossary – Mortgage Terms & Definitions Use Bank of America’s comprehensive mortgage terms glossary to get definitions of mortgage terms that may come up throughout the loan process. mortgage glossary, mortgage dictionary, mortgage terms
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Bank of America halts foreclosures in all states Bank of America announced its initial moratorium Oct. 1 after two other major mortgage lenders, Ally Financial Inc. and. where three brokers-Fredrik Eklund, Ryan Serhant, and new guy steve gold-show the world what it takes to sell high. money.
Report: Alt-A Delinquency Rate Nearing 18 Percent subprime loans has also been growing, with the securitization rate of subprime home mortgages rising from 31.6 percent in 1994 to 62.5 percent in 2002.1 While the subprime securitization rate is still below the prime or conventional market rate (73.8 percent in 2002), it has helped bring the
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