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Servicing

Fed: $8.5 billion foreclosure settlement grows larger

What was originally thought to be an $8.5 billion settlement made between prudential regulators and 10 mortgage servicing companies has now morphed into a $9.3 billion settlement with 13 mortgage servicers.

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()Aurora()Bank of America (BAC)()Citibank (C)()JPMorgan Chase (JPM)()MetLife Bank (MET)()PNC (PNC)()Sovereign (SOV)()SunTrust (STI)()U.S. Bank (USB) ()Wells Fargo (WFC).

()Goldman Sachs (GS)()HSBC (HBC) and Morgan Stanley (MS) to the settlement.

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()Office of the Comptroller of the Currency()Board of Governors()

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An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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