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Wintrust Financial Corporation Announces the Acquisition of Mortgage Banking Assets of Surety Financial Services

Tue, 01 Oct 2013 17:39:01 -0400

ROSEMONT, Ill. -- Wintrust Financial Corporation ("Wintrust") today announced that its subsidiary, Barrington Bank &Trust Company, N.A. through its division Wintrust Mortgage, acquired certain ...

SunTrust Announces Agreement with Freddie Mac to Resolve Mortgage Repurchase Claims

Tue, 01 Oct 2013 16:56:00 -0400

ATLANTA, Oct. 1, 2013 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced an agreement under which Freddie Mac agreed to release SunTrust from existing and future loan repurchase obligations ...

Shellpoint Partners Announces Resurgent Mortgage Servicing Acquisition

Tue, 01 Oct 2013 16:30:00 -0400

Shellpoint Partners LLC , a leading residential mortgage origination and investment company, announced today that its wholly owned subsidiary, New Penn Financial, LLC acquired Resurgent Mortgage Servicing from Resurgent Capital Services .

PMI Group emerges from bankruptcy protection

Tue, 01 Oct 2013 14:16:03 -0400

Private mortgage insurer PMI Group Inc. has emerged from Chapter 11 bankruptcy protection. The company filed for bankruptcy protection in November 2011 after two of its subsidiaries were seized by regulators ...

Fitch: Canadian Mortgage Banking Results Resilient as Rates Rise

Tue, 01 Oct 2013 14:06:00 -0400

Canada's largest banks have yet to report a significant slowdown in mortgage activity, as rising interest rates have failed to quell housing demand and home prices have continued to rise through the summer.

Mortgage rates fall as homebuilders report declining traffic

Tue, 01 Oct 2013 13:57:37 -0400

Mortgage rates are one of the prime drivers for homebuilders Mortgage rates are the lifeblood of the housing market, which is why Bernanke and the Fed began conducting quantitative easing (or QE)…

GM Financial closes deal for Ally's Brazil unit

Tue, 01 Oct 2013 12:23:17 -0400

GM Financial Co. on Tuesday said it completed its acquisition of Ally Financial's auto finance and financial service businesses in Brazil. GM Financial said the deal gives it a presence in 19 countries ...

Ally Financial Completes Sale of Operations in Brazil

Tue, 01 Oct 2013 10:15:00 -0400

DETROIT, Oct. 1, 2013 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that it has completed the sale of its operation in Brazil to General Motors Financial Company, Inc. (GM Financial), a wholly-owned ...

AmnetCastle Express Fully Released For “Mortgage Super Brokers”

Tue, 01 Oct 2013 10:00:00 -0400

American Mortgage Network and Castle Mortgage Corporation announced today the full release of AmnetCastle Express . AmnetCastle Express uses cutting edg

FHLBank Pittsburgh Welcomes Four New Members in Third Quarter

Tue, 01 Oct 2013 09:44:00 -0400

The Federal Home Loan Bank of Pittsburgh announced today that in the third quarter of 2013, four new members joined the Bank’s cooperative of thrifts, commercial banks, c

Oak Hill Advisors Closes $1.2 Billion U.S. Distressed Residential Mortgage Fund

Tue, 01 Oct 2013 08:30:00 -0400

NEW YORK and LONDON, Oct. 1, 2013 /PRNewswire/ -- Oak Hill Advisors, L.P. ("OHA") today announced the final closing of OHA Newbury Partners (the "Fund"), a $1.2 billion fund which seeks ...

Kroll Bond Rating Agency Assigns Subordinate Ratings to Ten Sequoia Mortgage Trust Transactions

Mon, 30 Sep 2013 18:32:00 -0400

Kroll Bond Rating Agency assigns ratings to forty subordinate classes of mortgage pass-through certificates from ten Sequoia Mortgage Trust jumbo prime RMBS transactions .

Wells Fargo Reaches Agreement Resolving Freddie Mac Repurchase Demands on Loans Sold Prior to 2009

Mon, 30 Sep 2013 18:25:00 -0400

Wells Fargo & Co. announced today that on Sept. 27, 2013 the Company reached an agreement with the Federal Home Loan Mortgage Corporation that resolves substantially all repurchase liabilities related to loans sold to Freddie Mac prior to Jan.

Fannie Mae Releases August 2013 Monthly Summary

Mon, 30 Sep 2013 17:53:00 -0400

WASHINGTON, Sept. 30, 2013 /PRNewswire/ -- Fannie Mae's (OTC Bulletin Board: FNMA) August 2013 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly ...

Starwood Property Trust Announces $520 Million Capital Deployment

Mon, 30 Sep 2013 17:14:00 -0400

GREENWICH, Conn., Sept. 30, 2013 /PRNewswire/ -- Starwood Property Trust, Inc. (the "Company") (NYSE: STWD) today announced that it recently deployed $520 million of capital through four separate ...

Why Ginnie Mae TBAs rallied despite looming government shutdown

Mon, 30 Sep 2013 16:52:03 -0400

Mortgage-backed securities are the starting point for all mortgage market pricing and the investment of choice for mortgage REITs When the Federal Reserve talks about buying mortgage-backed securities, ...

Calpers concerned about Richmond, California's mortgage plan

Mon, 30 Sep 2013 16:38:45 -0400

As Richmond, California, moves forward with a plan to help struggling homeowners by using its power of eminent domain to seize underwater mortgages, the list of those concerned about it is growing - and ...

Calpers concerned about Richmond, Calif.'s mortgage plan

Mon, 30 Sep 2013 16:36:52 -0400

Fitch Assigns Rtgs to Citigroup Comm'l Mtge Trust 2013-GC15

Mon, 30 Sep 2013 16:32:00 -0400

Fitch assigns the following ratings and Outlooks to Citigroup Commercial Mortgage Trust 2013-GC15 Commercial Mortgage Pass-Through Certificates:

Kroll Bond Rating Agency Assigns Final Ratings to PMT Loan Trust 2013-J1

Mon, 30 Sep 2013 16:29:00 -0400

Kroll Bond Rating Agency assigns final ratings to twenty-two classes of mortgage pass-through certificates from PMT Loan Trust 2013-J1 , a jumbo prime RMBS transaction.

Anworth Declares a $0.12 Per Share Third Quarter 2013 Common Dividend

Mon, 30 Sep 2013 16:05:00 -0400

Anworth Mortgage Asset Corporation announced today that its Board of Directors declared a quarterly common stock dividend of $0.12 per share for the third quarter of 2013.

Ally Financial Announces Chief Financial Officer and Treasurer

Mon, 30 Sep 2013 15:00:00 -0400

DETROIT, Sept. 30, 2013 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced that Christopher Halmy, currently corporate treasurer, has been named chief financial officer, effective Nov. 8, 2013. ...

Why Fannie Mae TBAs rallied as quantitative easing sticks around

Mon, 30 Sep 2013 14:52:04 -0400

Trading in Fannie Mae TBAs When the Federal Reserve talks about buying mortgage-backed securities (MBS), it’s referring to the To-Be-Announced market (usually referred to as the TBA market). The TBA…

Prospect Mortgage Completes $150 Million Bond Offering

Mon, 30 Sep 2013 12:00:00 -0400

SHERMAN OAKS, Calif., Sept. 30, 2013 /PRNewswire/ -- Prospect Holding Company, LLC, the parent of Prospect Mortgage, LLC ("Prospect" or the "Company") has issued a $150 million bond ...

Two-thirds of auto dealers increase charitable contributions, survey shows

Mon, 30 Sep 2013 11:00:00 -0400

NEW YORK, Sept. 30, 2013 /PRNewswire/ -- Auto dealers continue to give back to their local communities through donations and volunteerism, with nearly 65 percent increasing charitable contributions this ...

Global Geophysical Services, Inc. Executes Financing Agreement for $105 Million Loan Facility Maturing In 2016

Mon, 30 Sep 2013 10:50:29 -0400

HOUSTON -- Global Geophysical Services, Inc. (the "Company") announced today that it has entered into a financing agreement with TPG Specialty Lending, Inc. ("TPG") and funds managed ...

Mortgage REIT ETFs: Overlooked Winners

Mon, 30 Sep 2013 10:19:25 -0400

These ETFs may continue to enjoy a nice bounce in the coming weeks as a result of no taper.

BancAlliance Members Convene in Washington Sept. 30-Oct. 1

Mon, 30 Sep 2013 09:55:00 -0400

Starting today, community bank members of BancAlliance will gather in Washington for the network’s annual fall meeting, and will elect a new board of directors, receive updates on

Impac Mortgage Announces Fully Operational Residential Warehouse Lending Division

Mon, 30 Sep 2013 09:25:00 -0400

Impac Mortgage Holdings, Inc. , announces that as part of its mortgage lending expansion, it has re-entered the residential warehouse lending busi

Interthinx PredProtect Qualified Mortgage Test Available in October

Mon, 30 Sep 2013 09:02:01 -0400

FOR IMMEDIATE RELEASE Contact: Kerri Milam, 301-337-8477, kerri@depthpr.com Interthinx PredProtect Qualified Mortgage Test Available in October - Mortgage lenders have only 90 days to act ...

Ellie Mae Announces a New ATR/QM Solution for Encompass360

Mon, 30 Sep 2013 09:00:00 -0400

Ellie Mae® , a leading provider of enterprise-level, on-demand automated solutions for the residential mortgage industry, today announced the Fall Release to its Encomp

FEX Announces Integration with RouteOne LLC

Mon, 30 Sep 2013 09:00:00 -0400

RANCHO SANTA MARGARITA, Calif., Sept. 30, 2013 /PRNewswire/ -- Finance Express, the leading provider of web-based financial services and technology for independent auto dealerships, announced today that ...

Facebook Application Calcubot Cloud Enables Financial Institutions to Market Loans Via Social Media

Mon, 30 Sep 2013 08:30:00 -0400

BERKELEY, Calif., Sept. 30, 2013 /PRNewswire/ -- Shastic today introduced Calcubot Cloud , the first financial marketing solution to integrate the Web and Facebook using cloud technology to market loans. ...

Digital Federal Credit Union to Offer Up to $100 Million in Loans for SunPower Residential Solar Systems

Mon, 30 Sep 2013 08:00:00 -0400

SAN JOSE, Calif., Sept. 30, 2013 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR) and Digital Federal Credit Union (DCU) today announced an agreement that may provide up to $100 million in loans for SunPower ...

Housing Counselors Provides Mortgage Relief Help through MHA Program

Mon, 30 Sep 2013 05:23:00 -0400

SUGAR LAND, Texas, Sept. 30, 2013 /PRNewswire/ -- Money Management International (MMI) is participating in a nationwide partnership to help families struggling with their mortgage payments apply for help ...

7 Loans You Thought Had Disappeared

Sun, 29 Sep 2013 09:00:20 -0400

Many of the most popular types of mortgages from the days of the housing bubble have virtually disappeared. But are they extinct, or just hibernating?

Blackstone Mortgage Trust, Inc. to Present at the JMP Securities Financial Services and Real Estate Conference

Fri, 27 Sep 2013 16:32:00 -0400

NEW YORK, Sept. 27, 2013 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") announced today that members of its executive team will be presenting at the JMP Securities ...

FHA to draw $1.7b from Treasury to cover losses

Fri, 27 Sep 2013 14:08:17 -0400

A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in its reverse mortgage programs which allow seniors to borrow against their homes for everyday ...

Dell benefits from hot U.S. leveraged loan market

Fri, 27 Sep 2013 13:42:35 -0400

Dell is the latest company to benefit from the red-hot U.S. leveraged loan market as strong investor demand allowed the computer giant to cut funding costs on the $10.6 billion financing package backing ...

Trillion Reveals New Financing Options, Including FHA and VA Loans in Utah -- That Aim to House Prospective Buyers With a Payment They Can Manage

Fri, 27 Sep 2013 13:00:00 -0400

Since 2003, Trillion has assisted homebuyers with figuring out a financing plan that will complement their financial needs. Now, these home lenders of Salt Lake City are introducing new financing options ...