Despite some fault lines in the mortgage lending business, new production volume remained at historically high levels in 2006 as annual originations reached their third highest level ever. According to a new market analysis... [Includes two charts and two graphs]
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Speculation about a potential merger or joint venture with Bank of America pushed Countrywide Financial’s stock price up 12 percent after the Financial Times late last week reported a deal involving two of the country’s top mortgage businesses might be in the works...
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The mortgage banking industry this week called on Congress to exclude “suitability” from any anti-predatory lending legislation and aim instead for a uniform national lending standard that will protect consumers without hampering the market’s ability to develop new mortgage...
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Subprime mortgage lenders may find the market tougher to be in this year if forecasts of a significant drop in production levels come true. One panelist on a Jan. 25 audio conference hosted by Inside Mortgage Finance Publications predicted that subprime originations...
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2007 is shaping up to be another tough year for the mortgage industry, and one of the keys for mortgage investors will be monitoring their geographic and product exposure, according to Fannie Mae President and CEO Daniel Mudd.“Our economists see more tough...
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While a typical mortgage broker may be approved to sell subprime loans to a dozen or more lenders, they regularly use only three or four. And the most important factors in a broker’s selection of a specific subprime lender generally relate to quick service – not...
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Freddie Mac sees a strong link between financing mortgage loans for minority segments of the population and enhancing its own future. “Meeting our mission of providing affordability, liquidity and stability makes good business sense,” said Patti Cook, EVP of...
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