Tuesday , 27 October 2020

Around The Web

The MReport Webcast: Friday 5/29/2015

By Jordan Funderburk The Federal Deposit Insurance Corporation reported that FDIC-insured commercial banks and saving institutions’ aggregate net income was $39.8 billion for Q1 2015, a 6.9 percent or $2.6 billion increase from the previous year. The $4.3 billion rise in net operating revenue is mainly responsible for the earnings increase. The FDIC listed their financial results for … The …

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The MReport Webcast: Monday 6/1/2015

By Jordan Funderburk In its second of three estimates of real gross domestic product growth for the first quarter released Friday, the U.S. Bureau of Economic Analysis issued a downward revision of what analysts had already deemed “paltry” growth of 0.2 percent in the advance estimate for Q1 reported at the end of April. According to the BEA’s … The …

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DS News Webcast: Monday 6/1/2015

By Jordan Funderburk The U.S. Bureau of Economic Analysis issued a downward revision of real gross domestic product down to an annualized growth rate of minus 0.7 percent in the second estimate for Q1 released Friday. Negative contributions from exports as well as an increase in imports, which is a subtraction in the calculation of GDP, were contributors … The …

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Fannie Mae’s Mortgage Portfolio Decreases While Delinquency Drops to 1.73 Percent

By xhevrije Fannie Mae’s gross mortgage portfolio has decreased for the second consecutive month at a compound annualized rate of 17.4 percent in April, according to Fannie Mae’s April 2015 Monthly Volume Summary, released today. The GSE’s book of business decreased in April, dropping at a compound annualized rate of 2.1 percent, from $3.13 trillion in April 2014 to $3.11 …

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Delinquencies Down Among Single-Family Rental Securitizations

By Brian Honea Delinquencies were reported at less than 1 percent in 11 out of 15 single-family securitizations rated by Morningstar in March 2015, compared with 16 out of 17 in April. The recently-closed AH4R 2015-SFR1 (American Homes 4 Rent) and IH-2015 SFR2 (Invitation Homes) were added to the May 2015 report. The post Delinquencies Down Among Single-Family Rental Securitizations …

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Judge Dismisses Class Action Racketeering Suit Against Ocwen

By Brian Honea The homeowners claim that Ocwen charged them for unnecessary repeat inspections properties where the borrower was either delinquent or in default, and by doing so they claim Ocwen was in violation of Fannie Mae’s servicing guidelines that require individual cases to be assessed to determine if the properties are in need of subsequent inspections after the first. …

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