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Dodd-Frank Regulations Pose a ‘Serious Challenge’

The American Bankers Association (ABA) released the results of its latest annual Real Estate Lending Survey, which clearly show signs of caution among loan officers. According to the ABA, more than 80 percent of bankers surveyed believe that tightened Dodd-Frank rules will restrict credit, thereby narrowing the pool of candidates able to secure mortgages.

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OCC Chief Counsel Testifies on Small Bank Issues

During her testimony before the U.S. House of Representatives Financial Services Committee on Tuesday, the Office of the Comptroller of the Currency's (OCC) Chief Counsel Amy Friend addressed issues regarding the regulatory burden faced by small banks.

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$1.6 Billion in Grants Renewed for Homeless Support Programs

Support for HUD’S Continuum of Care Program has been extended, with the government awarding $1.6 billion in grants. The funding will support operations for nearly 7,100 homeless housing programs in every state, as well as Puerto Rico, Guam, and the U.S. Virgin Islands. Additional grant funding will go to hundreds of other local programs in the coming weeks.

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Clear Capital Selected by Freddie Mac as Technology Provider

Freddie Mac has selected Clear Capital to power its collateral review of appraisals submitted through the Uniform Collateral Data Portal (UCDP). Clear Capital will provide the government-sponsored enterprise (GSE) with in-depth feedback regarding the quality and accuracy of appraisals.

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Fitch: Housing Recovery Will Reflect Economic Performance

Fitch Ratings is the latest market commentator to blame the housing sector’s recent slowness on weather challenges. In an analysis gauging the recovery’s progress, the ratings agency listed harsh winter weather across the country as one of the biggest factors moderating the housing recovery, though higher interest rates and home prices have also provided some drag.

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Financial Education Paramount for Texas Homebuyers

Through a partnership between the Texas State Affordable Housing Corporation (TSAHC) and the Texas Association of Realtors (TAR), the joint campaign "Get Ready: Making Texans Homeowners for Life" will work to increase awareness of educational programs among potential home buyers.

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Mortgage Fraud Rises in 2013, Continuing Trend

For the second straight year, Washington, D.C., is the place lenders are most likely to encounter mortgage fraud, according to the annual Mortgage Fraud Risk Report released by Interthinx. This continues the rising trend in fraud risk observed over the past three years as inventories shrink, prices rise, and markets stabilize.

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NAHB: 2014 to be a Strong Year for Housing

With the spring buying season in the housing market right around the corner and stronger employment numbers reported, confidence is gaining that economic recovery is right around the corner. The National Association of Home Builders (NAHB) found 59 of the 350 metro markets examined have returned to or exceeded their last normal levels of economic and housing activity.

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McCalla Raymer Honored by Orlando Partnership

McCalla Raymer, a full service provider of residential and commercial real estate legal services, was honored by the Downtown Orlando Partnership at its annual ceremony. The company was the recipient of the Golden Brick Award, given out annually to projects that affect the downtown development district.

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TARP Bank Executive Indicted on Bank Fraud Conspiracy

A former bank executive for a Troubled Asset Relief Program (TARP) bank has been indicted in a bank fraud conspiracy. The announcement came from the Office of the Special Inspector General for TARP (SIGTARP), which commented that Gary Alan Rickenbach of Little Rock, Arkansas has been indicted on one count of conspiracy to commit bank fraud.

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