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Goldman to Pay $3.15 Billion to Settle Mortgage Claims
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Goldman had been accused of unloading low-quality mortgage bonds onto Fannie Mae and Freddie Mac in the run-up to the financial crisis.
 
Mortgage companies Fannie Mae, Freddie Mac post profits in 2Q; pay dividends to US Treasury
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Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover.
 
Goldman to pay $3.15 bn to settle mortgage claims
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Goldman Sachs is paying its largest bill yet to resolve a government lawsuit related to the financial crisis. The bank said on Friday that it had agreed to buy back $3.15 billion in mortgage bonds from Fannie Mae and Freddie Mac to end a lawsuit filed in 2011 by the Federal Housing Finance Agency, the federal regulator that oversees the two mortgage companies.
 
DealBook: Goldman to Pay $3.15 Billion to Settle Mortgage Claims
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Goldman Sachs had been accused of unloading low-quality mortgage bonds onto Fannie Mae and Freddie Mac in the run-up to the financial crisis.
 
Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion
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Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. Under the settlement with the Federal Housing Finance Agency, the conservator for the two government-controlled mortgage finance companies, Goldman Sachs said it agreed to pay $3.15 billion to repurchase mortgage-backed securities from Fannie and Freddie. The FHFA, which valued the settlement at $1.2 billion ...
 
$100 million for firm without offices, 1 agent?
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Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners. They are selling ...
 
Fairway Independent Mortgage to Train Over 400 Real Estate Professionals at Tennessee Boot Camp Event on August 19
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CLARKSVILLE, Tenn., Aug. 18, 2014 /PRNewswire/ -- Fairway Independent Mortgage Corporation, one of the country's largest mortgage companies, will train more than 400 Realtors® at an intensive "CMRS Boot Camp" event this week. As the nation struggles to provide housing opportunities for veterans, the mortgage company will conduct a CMRS Boot Camp which includes three hours of continuing education ...
 
Ginnie Mae Reviews Rules for Services as Nonbanks Expand
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Ginnie Mae President Ted Tozer, whose agency increasingly relies on nonbank mortgage companies, said he’s evaluating if they have enough easy-to-sell assets to survive in times of distress.
 
How Treasury Yields Correlate to Mortgage Rates
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Individual spreads are constantly changing based on the market's perception of risk.
 
Jumbo Reverse Loans Revived for U.S. Seniors: Mortgages
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Jumbo lending isn’t just on the upswing for traditional U.S. home loans. It’s also being revived for seniors who want to borrow against the equity in their houses through reverse mortgages.