Freddie Mac Sells $1 Billion In Delinquent Loans

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In early February, we wrote about the $410 million of delinquent mortgage loans auctioned off by Freddie Mac. Well now Freddie Mac is at it again, this time selling $1 billion in delinquent loans. Similar to the previously auctioned loans,  the delinquent loans are divided  into three pools.

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Reaction To The House Republican 2016 Proposed Budget

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As the House Republican 2016 proposed budget was unveiled on Tuesday, there has been a great deal of opposition as well as backing for it by different parties. Depending upon whether you are a  Democrat or a Republican, your feelings and beliefs about the new proposed budget will differ greatly.

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Major Supreme Court Decision to Affect Mortgage Industry

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In a unanimous decision on Monday, the Supreme Court held that the Department of Labor does not have to adhere to notice-and-comment procedures as outlined in the Administrative Procedures Act (APA). Perez v. Mortgage Bankers Association was the landmark case that allowed the Justices to come to this decision.

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HUD Secretary Castro's Testimony before the House Financial Services Committee Ignites Opposition

Earlier this week, we blogged about the upcoming House Financial Services Committee hearing featuring U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro. The hearing, titled The Future of Housing in America: Oversight of the Federal Housing Administration, was directed towards the financial status of the Federal Housing Administration (FHA), the condition of the Mutual Mortgage Insurance Fund (MMIF), and recent initiatives to promote affordable housing.

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HUD Secretary Castro’s Testimony before the House Financial Services Committee Ignites Opposition

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Earlier this week, we blogged about the upcoming House Financial Services Committee hearing featuring U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro. The hearing, titled The Future of Housing in America: Oversight of the Federal Housing Administration, was directed towards the financial status of the Federal Housing Administration (FHA), the condition of the Mutual Mortgage Insurance Fund (MMIF), and recent initiatives to promote affordable housing.

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FDIC: Regulatory Relief For Community Banks

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If you’re wondering about the recent topic of regulatory relief for community banks, look no further. The FDIC  has recently released a statement by Doreen R. Eberley regarding this very topic. In the press release, Eberley speaks about positive performances made by community banks in the United States,  as well as burdensome, outdated and unjustifiable regulations that they hope to clean up. She goes on to talk about about the FDIC’s supervision program, as well as their Community Bank Initiative.

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House Financial Services Committee to Question HUD Secretary Castro at Hearing

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U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro is set to testify February 11 before the House Financial Services Committee. The Committee will propose questions about the financial status of the Federal Housing Administration (FHA), the recent announcement of the lowering of mortgage insurance premiums, and the condition of the Mutual Mortgage Insurance Fund (MMIF) among other topics.

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