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JPMorgan Refused Mortgage Repurchases It Also Sought, Ambac Says – Ambac Assurance Corp., the debt guarantor partly seized last year by Wisconsin’s insurance commissioner, made the claim in a proposed amended complaint in its lawsuit against Bear Stearns’s EMC.
Usda Loan No Down Payment No Down Mortgages New York shuts down mortgage lender – The list of no-no’s at the company is long. fired everyone and shut its webpage down. According to data provided to HousingWire from iEmergent, Franklin First was the 535th largest mortgage lender.
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Lender Review of Borrowers Tightened Under Mortgage Rules – David Moskowitz, deputy general counsel at Wells Fargo & Co., the biggest U.S. home lender, said that the rule is “entirely consistent with how we think about underwriting” at the San Francisco-based.
Wells Fargo’s Mortgage Strength is U.S. Weakness – The San Francisco-based bank’s mortgage business is three times the size of its nearest. That’s potentially bad for taxpayers since lower guarantee fees would mean lower returns for the risk being.
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