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SEC: Fast-Tracking Loan Mods Won’t Jeopardize Trust Status

06.10.18 – Techrights | People’s rights in the digital age

Fast-tracking loan mods. While C&D concerns may be an emerging priority in 2008, the subprime mortgage mess remains the more immediate concern. I think everyone understands the depth of the subprime problem, and its ripple effects.

Maxwell’s digital mortgage software now available through Ellie Mae In a partnership that brings together two of HousingWire Magazine’s 2019 HW Tech100 honorees, Maxwell announced this week that its digital mortgage software is now available through Ellie Mae.

On the wholesale side, because you’re not dealing with the loan officer directly, you can dictate what you will take and what you won’t take and that mortgage broker can go wherever they want.

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The potential for manipulation is huge, says<br />Denise Crawford, securities commissioner of the Texas State Securities Board. "Market regulators are so<br />behind in that whole area that I’m not sure they will ever catch up," she says.<br />3. Elizabeth Warren probably won’t be around for long.

(Bloomberg) — rising mortgage rates are driving up the cost of buying a house even as prices fall, making property more expensive across the U.S., according to a new study by Zillow.com, an online provider of home valuations.. Monthly payments on 30-year fixed mortgages are 6 percent to 10 percent higher in 41 of the top U.S. housing markets than they were two months ago.

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Freddie Mac completes first small pool sale of deeply delinquent mortgages Freddie Mac announced that it completed its first sale of a small pool of deeply delinquent non-performing loans as part of a new program designed to attract smaller investors by making smaller.

With some 6 million homeowners not making mortgage payments (some loans are in trial mod programs and paying something but still in delinquency or default status), this is probably freeing up roughly $8 billion in cash each month. Assuming this cash is spent (not too bad an assumption), it amounts to nearly one percent of consumer spending.

"The SEC’s 100% success rate from the year 2014 illustrates a very troubling pattern of the SEC’s attempting to stack the rules of process in a way the outcome of the case is, well, predetermined," Rep. Scott Garrett (R., NJ) said.