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Is This the Revolving Door Our Parents Warned Us About?

MHProNews.com has learned from PHH Mortgage that retired chairman of the Philadelphia Federal Reserve Bank Charles Pizzi has joined the PHH board of directors. According to HousingWire, despite trying...

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Residential Mortgages Set High Mark for Q1 2012

NationalMortgageNews tells MHProNews.com $462 billion in residential mortgages were funded in Q1 2012, the highest volume since the fourth quarter of 2010. The numbers are based on secondary market...

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Housing Recovery? Must the Deck Clear First?

The Mortgage Bankers Association (MBA) reports that Federal Housing Authority (FHA) foreclosures started spiked 60% from the first quarter, hitting 1.53%, the highest point in several years. Excluding...

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MetLife Selling Mortgage Servicing Portfolio

BusinessWire informs MHProNews JPMorgan Chase Bank, N.A. is purchasing MetLife Bank, N.A.’s approximately $70 billion mortgage servicing portfolio as MetLife continues to divest itself of its bank...

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Housing Market may Surpass Manufacturing

Reuters informs MHProNews despite the tightness of credit for residential mortgages, the housing market is threatening to take the lead from manufacturing in terms of overall economic activity, as home...

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GSEs Winding Down? Says Who?

In addition to guaranteeing the majority of new residential mortgages across the country, HousingWire informs MHProNews Fannie Mae and Freddie Mac, the GSEs (government-sponsored enterprises), also...

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Lenders Say Housing Recovery is Happening

According to what HousingWire tells MHProNews, 70 percent of lender professionals believe the housing recovery is real, and will continue to improve during the coming six months. Sixty percent of...

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More Underwater Property Owners Breathing Air

In the first quarter of 2014 9.1 million U. S. residential properties representing 17 percent of all properties with mortgages were seriously underwater—defined as the loan amount 25 percent higher...

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