New and Old Lawsuits – Notable Settlements; Training/Events; Underwriter Comp Study

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Posted To: Pipeline Press

The whole residential lending industry is abuzz about the article on housing in the Economist . “A decade on, the presumption is that the mortgage-debt monster has been tamed . In fact, vast, nationalized, unprofitable and undercapitalized, it remains a menace to the world’s biggest economy…But until America’s mortgage monster is brought to heel, the task of making finance safer will remain only half-done.” What could be worse? Let’s ask Olympic swimmer Ryan Lochte, who lost every one of his sponsors yesterday. Before I go any further, there is a correction to yesterday’s commentary regarding the due date for bids on servicing that MIAC is selling. (…MIAC’s $1.5 billion FNMA and FHLMC mortgage servicing portfolio with an optional co-issue opportunity totaling $50 to $100 million per month…(read more)

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