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Spanish Banks Build Housing
Spanish banks, which played a big role in the country's housing bust, are continuing to fund new real-estate projects despite a huge glut in unsold homes. … [Read More...]
Plunging (Carefully) Into Real Estate
Many small businesses are finding ways to minimize the downside risk of getting into real estate. … [Read More...]
Fannie Mae Chief, Michael Williams, to Step Down
Michael Williams, who has led the company since the government took it over, said Tuesday that he would step down after a successor was found. … [Read More...]
MBS Underperform 10′s, But Holding Steady Ahead of Auction
Posted To: MBS CommentaryAs has been the case so many times of late, MBS are holding steady while benchmarks are trending. Fannie 3.5's are basically trading at opening levels while 10yr yields continue a 2-day downtrend. The discrepancies are very slight, but it was same yesterday: MBS … [Read More...]
OIG Faults FHFA’s Oversight of Troubled Federal Home Loan Banks
The Office of Inspector General (OIG) for the Federal Housing Finance Agency (FHFA) has released an assessment of the FHFA's oversight of troubled banks within the Federal Home Loan Bank (FHLBank) System. While the OIG found positive actions on the part of FHFA, it specifically … [Read More...]
Big Banks Facing Inquiry Over Possible Insurance Fraud
New York State is investigating whether several banks fraudulently steered homeowners into overpriced policies. … [Read More...]
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