Hints and tips:
...Into the FHLBiverse The regional Federal Home Loan Banks are part of the Federal Home Loan Bank system — an ür-government sponsored enterprise, predating better-known cousins like Fannie Mae and Freddie...
...Back in April 2008, TPG’s founders had dreams of replicating the profits they had reaped by rescuing lenders during the 1980s savings and loan crisis....
...New builds, thanks to the help-to-buy equity loan scheme, are especially expensive....
...The Paces were among 10,507 borrowers whose home loans Countrywide packed into a set of securities called the CWABS Asset-Backed Certificates Trust 2005-11....
...A record 38 per cent of loans it has arranged this year will not be fully repaid until after the borrower’s 65th birthday, up from 24 per cent in 2007....
...According to separate research by Countrywide, people who buy homes with a Help to Buy equity loan are significantly less likely to move on within two years than other homeowners....
...In the final three months of 2016, 22 per cent of new home loans were granted to first-time buyers, the second consecutive quarter when the share hit a new record....
...According to estate agent Countrywide, the proportion of landlords paying in cash for a property reached 61 per cent in January, the highest since records began in 2007, when it was 41 per cent....
...The small-business lending market is much smaller than mortgages: about $250bn, according to the Federal Deposit Insurance Corporation, compared with home loans of $8.8tn....
...The agreement in principle will resolve actual and potential civil claims by the DoJ, the New York and Illinois attorneys-general, the National Credit Union Administration and the Federal Home Loan Banks...
...The court heard that Countrywide set up a scheme in August 2007 called the “high speed swim lane”, “HSSL” or “Hustle”, which fast-tracked mortgages for sale without proper checks on the borrower’s ability...
...He told the same hearing: “I’ve spent my life trying to lower the barriers of entry for Americans to own homes.”...
...loan....
...renovating homes....
...Barratt completed on 6,195 homes in the first half of its financial year – up 19 per cent on the prior year – but still well down on the 9,056 registered in the six months to the end of 2007....
...Bank of America defrauded two government-backed mortgage companies by selling them defective home loans, a jury found on Wednesday, delivering the US government a resounding courtroom victory on a financial...
...Countrywide, the country’s largest estate agency by branches, received strong interest for its return to the stock market in March, with shares priced at the top end of expectations....
...Countrywide was taken private by buyout group Apollo at the height of the housing boom in 2007 for £1.1bn....
...housing boom in 2007....
...Homebuyers with a 5 per cent deposit had 920 products to choose from in October 2007....
...Both Countrywide and Foxtons were taken private in 2007 for £1.1bn and £360m respectively....
...Most of the alleged wrongdoing predates BofA’s acquisition of Countrywide, with the Hustle starting in 2007, though it continued into 2009, “well after” the acquisition, the lawsuit said....
...Kevin Savage, a loan officer with Evergreen Home Loans, says he lays the blame “at the feet” of Countrywide, which at its height was the largest mortgage lender in the US and is the target of a DoJ civil...
...Clayton reviewed a small sample of loan files – typically five to 10 per cent – for securities issuers that wanted to purchase loans from originators such as New Century Financial, Countrywide Financial,...
...Annual results released yesterday passed without direct mention of plans for the home loans unit. At a conference last month, Mr Moynihan said only: “We look at all options for Countrywide.”...
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