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Nonbank Mortgage Lenders Bounce Back
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In the first half of the year, lenders that aren't banks made almost a quarter of all mortgage loans, the highest level since at least the financial crisis, according to data on the top-30 mortgage originators from industry newsletter Inside Mortgage Finance. Mortgage lending at big banks such as Wells Fargo & Co. and J.P. Morgan Chase has dropped more quickly than the rest of the industry in ...
 
HSBC paying $550M to resolve mortgage bond claims
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British bank HSBC has agreed to pay $550 million to resolve U.S. claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market ...
 
Blackstone Mortgage Trust Declares $0.50 Per Share Dividend
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NEW YORK, Sept. 15, 2014 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today declared a dividend of $0.50 per share of class A common stock with respect to the third quarter of 2014. Blackstone Mortgage Trust, Inc. (BXMT) is a real estate finance company that originates senior loans collateralized by properties in the United States and Europe. The Company is externally managed by BXMT ...
 
Fannie Mae and Freddie Mac, Boon Or Boom?
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These two companies are crucial to the mortgage market, but are they ticking timebombs?
 
Mortgage Master Experiences Significant Growth in New York, New Jersey and Connecticut
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Continues to open new branches and hire top loan originators in the Tri-State marketplace (PRWeb September 09, 2014) Read the full story at http://www.prweb.com/releases/2014/09/prweb12152981.htm
 
HSBC to pay $550m in US to settle mortgage mis-selling suit
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Deal comes three weeks before a trial was due to begin in New York, where HSBC could have faced $1.6bn in damages HSBC Holdings will pay $550m (£340m) to resolve a US regulator's claims that the British bank made false representations in selling mortgage bonds to the federal mortgage companies Fannie Mae and Freddie Mac before the financial crisis. The settlement announced on Friday between the ...
 
Foreclosures go on trial
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Seven years after the meltdown of the subprime mortgage market, New Jersey continues to be a hotbed of home repossessions by lenders, resulting in reams of foreclosure-fraud and improper-debt-collection complaints that mainly target intermediaries known as mortgage servicers.
 
HSBC paying $550-million to resolve U.S. claims on mortgage bonds
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HSBC sold the securities to U.S. mortgage giants Fannie Mae and Freddie Mac between 2005 and 2007
 
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.
 
Many Bank Mortgage Cases Remain as Prosecutor Looks to Get Rich
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Tony West leaves the Justice Department with mortgage fraud investigations of at least 10 more companies including Goldman Sachs and Morgan Stanley still pending. Click to view a price quote on MS . Click to research the Financial Services industry.