Fidelity settles with FTC on LPS purchase

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The Federal Trade Commission has settled with Fidelity National Financial, Inc. (FNF) on a complaint over the title giant’s proposed $2.9 billion acquisition of mortgage technology and services provider Lender Processing Services (LPS), according to a statement from the FTC on Tuesday. …read more

New home sales slipped 2.1 percent in November

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New home sales fell slightly in November, dropping 2.1 percent after surging one month earlier to a five-year high. Sales volume fell to a seasonally-adjusted annual rate of 464,000 during November, the Commerce Department said, down from a revised 474,000 total one month earlier. October’s annual sales pace had represented a 17.6 percent jump versus […]

I’m dreaming of a Watt Christmas

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Mortgage-bond trader Russell Middleton at J.P. Morgan Securities Inc. is unique — every day for at least a decade, he has been circulating insightful, often hilarious bond market commentary amongst friends and colleagues. …read more

Bill Deutsch – Stockton Record

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Bill DeutschStockton RecordBill spent most of his adult life in Stockton, working in different fields of Real Estate, while acquiring his Masters in Business. The last 23 years he spent as an MAI, Commercial Appraiser. Bill loved the Notre Dame Fighting Irish never missing a … …read more

Leveraged loans made a comeback in 2013

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If there is one trend that emerged quite strong in 2013, it was the rise of the leveraged loan – otherwise known as debt extended to borrowers who are already considered risky or leveraged with debt in some way. …read more

Famous people who died in 2013 – Stockton Record

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Famous people who died in 2013Stockton RecordSouth Vietnamese general who briefly gained control of the government in a coup and went on to lead a “government in exile” in California. Jan. 11. Eugene Patterson, 89. Pulitzer Prize-winning editor who helped fellow Southern whites understand the … and more …read more

Florida Real Estate Developer Trims Fat, Estimates Rise – Forbes

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Florida Real Estate Developer Trims Fat, Estimates RiseForbesThe St. Joe Company (JOE) is a real estate developer with more than 500,000 acres of land, concentrated primarily in Northwest Florida between Tallahassee and Destin. Over the years, the company has developed successful residential and commercial … and more …read more

New FHFA director stops rate hikes short

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The Mortgage Bankers Association is welcoming the announcement from incoming Federal Housing Finance Agency Director Rep. Mel Watt, D-N.C.’s announcement that he will be postponing planned increases in fees at Fannie Mae and Freddie Mac. …read more

Housing Outlook 2014: 10 Predictions From The Experts – Forbes

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Housing Outlook 2014: 10 Predictions From The ExpertsForbesRealtor.com notes that the inventory (homes available for purchase) shortage began to soften in February. New construction and rising prices should bring more homes, both new and old, on to the market in 2014, helping inventory return to traditional … and more …read more

Red Lobster Release Not Enough, Activist Investor Tells Darden – Forbes

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Red Lobster Release Not Enough, Activist Investor Tells DardenForbesBarrington also recommended that Darden turn its real estate holdings into a real estate investment trust (REIT), a suggestion also seemingly echoed by Starboard in its reference to Darden’s real estate holdings. A spokesperson for Darden told Forbes … and more …read more

Mortgage rates will go up in 2014 and the middle class is going to feel the burn of higher fees on mortgages: Can this momentum continue into 2014?

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By drhousingbubble The Fed’s archaic language makes it very clear that there will be no taper anytime soon. To the contrary, the Fed will still be buying something like $75 billion a month in bonds instead of $85 billion. What bold movement right? Of course this sent the stock market into another easy money induced […]

Loan Mods down 5% from Sept.-Oct

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Hope Now said Friday that about 50,000 homeowners received permanent, affordable loan modifications from mortgage servicers in October 2013, both through private sector programs and the federal Home Affordable Modification Program (HAMP). …read more

RE/MAX: Home sales drop 7.8%

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After 28 months of year-over-year increases, home sales dropped 7.8% following expected seasonal adjustments, including rising rates and the government shutdown. …read more

Lenders receive compliance guidance

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The Mortgage Bankers Association Education released a compliance guide to help explain the Ability to Repay and Qualified Mortgage rule, which includes information for basic training for staff and operational rule requirements. …read more