Federal Home Loan Banks (FHLBs) have been purchasing single-family mortgages from their member banks and thrifts since 1997 — when the Chicago FHLB first launched its flagship Mortgage Partnership Finance (MPF) program.
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One day after his appointment as the director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray sent a clear signal that he intends to move aggressively to enforce the agency's expanded authority.
January 6 -
In a report released today, Moody's Investors Service stated that its outlook is stable on REITs operating in all of the major property sectors, including office, retail, industrial, multifamily, healthcare and lodging industry.
January 6 -
Talks to sell Citigroup's high-risk-borrower lender, OneMain, have been put on hold given the depressed macroeconomic environment, according to several media reports.
January 6 -
Wells Fargo Securities has appointed Charles Mather as head of CMBS trading, according to a Dow Jones report that cited individuals familiar with the company's trading desk.
January 6 -
Wells Fargo & Co. has agreed to pay nearly $1 million in restitution to Maryland residents who lost their homes to foreclosure after receiving so-called "Pick-a-Payment" mortgages.
January 6
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As any entrepreneur, boss or parent can attest, the key to avoiding disappointment is managing expectations. Got a B student at home? Expect a C, and when he walks in the door with an A, voila! Happy days!
January 6 -
Delinquencies on home equity lines of credit rose a scant two basis points in the third quarter to 1.93%, according to new figures compiled by the American Bankers Association (ABA).
January 6 -
Two high ranking Democratic congressmen plan to hold a hearing later this month in Chicago to highlight the failure of mortgage servicers to adequately maintain foreclosed properties.
January 6 -
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SLM Corp. or Sallie Mae is in the market with SLM Student Loan Trust 2012-1 worth $765 million.
January 5 -
Gibbs & Bruns in a release said today that its clients have issued instructions to trustees US Bank and HSBC to open investigations of ineligible mortgages in pools backing more than $19 billion worth of RMBS issued by different Wells Fargo affiliates.
January 5 -
While all eyes were on the recess appointment of its first director Wednesday, the Consumer Financial Protection Bureau (CFPB) quietly released guidance that directs supervised banks to turn over any and all information it requests.
January 5
