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States Get Framework for Regulating Non-Bank Servicers

"Seesawing" Pending Sales May Signal Market Turning...

COVID Concerns Drive Rates Lower, Refi Volume Rises

Homeownership Rates Fall Across the Board

Home Price Gains "Running out of Superlatives," Highest...

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MBS RECAP: Slightly Weaker Today, But Still In The Recent Range

Mortgage Rates Near Long-Term Lows Despite Taper Talk

AE, MLO Jobs; MBS Delivery, Processing, Data Breach Tools; Redwood...

MBS Day Ahead: Cue The Data-Driven Grind (Eventually)

MBS RECAP: Fed Hints At Tapering, But Bonds Don't Care

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"Seesawing" Pending Sales May Signal Market Turning Point; Rates Staying Near Lows

Published: 7/29/2021

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MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional.

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Fed's Bernanke Defends Bear Sterns Rescue, 'Chaotic Unwinding' Avoided

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April 03 2008, 7:00 AM

Federal Reserve Chairman Ben Bernanke defended the U.S. central bank's action to provide funding to Bear Stearns , saying Bear's failure would have led to "a chaotic unwinding" in financial markets that would have impacted the real economy. Testifying...
Fannie Mae Tightens Loan Criteria for Credit Scores

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by Mortgage News Daily on April 03 2008, 7:00 AM

"As Fannie Mae has expanded its mortgage guaranty business to serve the market's urgent need for stability, liquidity and affordability, the company has undertaken a series of steps to protect borrowers, manage the increased credit risk in the market...
Senate ad hoc Committee Hammers out Housing Rescue Bill

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by Mortgage News Daily on April 03 2008, 7:00 AM

With what surely passes as warp-speed on Capitol Hill, the Senate on Wednesday afternoon reached tentative bi-partisan accord on a wide- ranging housing bill . On Tuesday afternoon the Senate voted 94-1 to move forward on legislation to help homeowners...
Mortgage Rates Relatively Static While Application Volume Continues Down

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by Mortgage News Daily on April 03 2008, 7:00 AM

Mortgage rates were largely unchanged during the week ended March 27 according to the Primary Mortgage Market Survey conducted by Freddie Mac. Mortgage application volume was down 28.7 percent on a seasonally adjusted basis from a week earlier......
Hope Now's Successes May be Over Rated

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by Mortgage News Daily on April 02 2008, 7:00 AM

According to a story written by Lynnley Browning in Wednesday�s New York Times, Hope Now , the White House's initial answer to the country's mounting foreclosures, is failing to provide much help to struggling homeowners, largely because it is operated...
U.S. Mortgage Applications Drop 28.7%, Refinances Fall 38.1%

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April 02 2008, 7:00 AM

Mortgage applications in the U.S. fell 28.7% in the week ending March 28, with the market composite index decreasing to 688.3 from 959.9 a year ago, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Application Survey released Wednesday...
Plenty More Subprime Fallout to Come, Says CIBC's Rubin

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April 02 2008, 7:00 AM

Losses from the U.S. subprime mortgage meltdown could top $300 billion, an economist from one of Canada's major banks told a Toronto real estate conference on Wednesday. The bleeding isn't over yet, warned Jeff Rubin, chief economist at CIBC World Markets...
Fed's Bernanke Defends Bear Stearns Bailout, Paints Glum Economic Picture

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April 02 2008, 7:00 AM

Federal Reserve Chairman Ben Bernanke Wednesday touched on a variety of factors contributing to the current weak state of the U.S. economy, but also defended the Fed's recent actions to facilitate a deal that prevented a major investment bank from collapsing...
Central Bank Watch: Bernanke Warns of U.S. Contraction, RBA Holds Rate

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April 02 2008, 7:00 AM

The main highlights of the week so far in central bank-related news included Fed Chairman Ben Bernanke�s testimony on the U.S. economy and financial markets on Wednesday, along with the Reserve Bank of Australia�s decision to hold rates at 7.25%. There...
The Day Ahead: ADP Employment Change, Fed's Bernanke Testifies

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April 01 2008, 7:00 AM

(CEP News) - On Wednesday, U.S. Federal Reserve Chairman Ben Bernanke takes centre stage when he testifies before the Joint Economic Committee. All times in EDT. Wednesday 7:00 US MBA Mortgage Applications 28-Mar Prior: +48.1% 7:30 US Challenger Job Cuts...
New York Fed to Provide Nationwide U.S. Subprime, Alt-A Loan Data

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April 01 2008, 7:00 AM

The Federal Reserve announced Tuesday that it will provide a set of maps and data illustrating subprime and alt-A mortgage loan conditions across the U.S. on the New York Fed Bank website. The maps, maintained by the New York Fed, will display regional...
Senator Hillary Clinton's Housing Plan

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by Mortgage News Daily on April 01 2008, 7:00 AM

Each of the three possible candidates for nomination as their party's presidential nominee has made major speeches recently spotlighting their solutions to the housing and subprime mortgage crisis . We will continue our 3 part series with Senator Hilary...
Lehman Brothers Stock Sale Sends Market Surging; UBS Still Writing Down

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by Mortgage News Daily on April 01 2008, 7:00 AM

Lehman Brothers fought off persistent rumors that it might be headed to a Bear Stearns-like collapse by raising $4 billion in capital on Tuesday. The fourth-largest U.S. investment bank has taken some hard hits from its participation in the sub-prime...
Treasury's Levey Says Financial Information Critical in Combatting Terrorism

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April 01 2008, 7:00 AM

(CEP News) Washington - Treasury undersecretary for terrorism and financial intelligence Stuart Levey told the Senate Finance Committee Tuesday that in the four years since his office was established, the use of financial information has become critical...
U.S. Construction Spending Falls 0.3% in February

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April 01 2008, 7:00 AM

Total construction spending in January fell 1.7%. Total residential construction spending fell 0.9% in February to an annual rate of $463.761 billion, a slower decline than the previous month's drop of 2.9%. Non-residential construction increased 0.1...

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