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Home | News

GDP Growth for Q2 Beats Expectations

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With its latest estimate, BEA said the overall picture of the economy was about the same as in the first report, with the biggest differences being in nonresidential fixed investment (which increased more than previously thought) and private inventory investment (which was up slightly less).

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Compliance Professionals to Tackle Issues, Challenges in Lab

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Directed by Steven Frie, director of structured finance at Standard & Poor's Rating Services, the 2014 Five Star Conference Compliance Lab will feature a panel of experts tackling some of the most pressing issues of the day, speaking on topics ranging from the impact of the qualified mortgage (QM) and qualified residential mortgage (QRM) guidelines; how to balance state, local, and federal regulations; and the cost and consequences of compliance.

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Freddie Mac Reports Little Movement in Mortgage Rates

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Adjustable rates also moved little, Freddie Mac reported. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.97 percent (0.5 point) for the week, up from 2.95 percent in the previous survey. The 1-year ARM averaged 2.39 percent (0.5 point), up barely from 2.38 percent before.

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Michigan-Based Bank Discussing Settlement With CFPB

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Flagstar Bancorp, Inc. announced earlier this week that it has filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) in order to notify its investors that the bank is currently trying to work out a settlement with the Consumer Financial Protection Bureau (CFPB) regarding alleged violations of financial laws.

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