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Survey: ATR, QM Aren’t Majorly Impacting Prime Mortgage Market

The ability-to-repay and qualified mortgage (QM) rules that went into effect earlier this year are not having a significant impact on approvals of prime conforming residential mortgage loans, but they are impacting the jumbo and nontraditional loan markets, according to the July 2014 Senior Loan Officer Opinion Survey on Bank Lending Practices conducted by the Federal Reserve.

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DS News Webcast: Wednesday 8/6/2014

Foreclosure, REO, News, Webcast

Parents of millennials are more likely than other generations to have their adult children still living at home, but according to a study by Fannie Mae, more than half of them don't mind their children staying in the nest. For ...

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Kansas Man Pleads Guilty to TARP Bank Fraud

Timothy P. Fitzgerald, 56, of Leawood, Kansas, pleaded guilty on Monday to participating in a scheme to defraud the Bank of Blue Valley, which eventually accepted approximately $21 million in troubled asset loans from the U.S. Treasury.

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Economic Woes Cited By Parents of Home Bound Millennials

Experts have surveyed the young generation again and again as to why they are staying with their parents, but now Fannie Mae has completed a survey of the parents they live with. As it turns out, more than half of them don't mind their children living at home.

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Delinquencies Drop as Fannie Mae Book of Business Shrinks

Fannie Mae's book of business decreased at a compound annualized rate of 1.7 percent over the month of June, slower than the previous month's rate of 2.4 percent but continuing a streak of decreases that has persisted all year so far. Year-to-date, Fannie Mae's book of business has declined at a compound annualized rate of 2.2 percent.

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JPMorgan Negotiates $4.5 Billion Settlement with Mortgage Trustees

In an effort to resolve claims against JPMorgan over alleged misrepresentations related to money-losing mortgage bonds, trustees agreed on Friday to accept the bank’s $4.5 billion settlement offer on behalf of the great majority of trusts that owned mortgage-backed securities issued by the bank.

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Judicial Foreclosures Make Up Majority of Inventory

The inventory of mortgage foreclosures in the United States is on the decline overall, but for what inventory remains, judicial states account for almost three-quarters of the country’s foreclosure market, according to Black Knight Financial Services.

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