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As Scrutiny Mounts, Mortgage Servicers Push Into Lending - Yahoo Finance

"In general, the companies are trading at a discount to intrinsic value and they are a good buy," said Kenneth Domilise, a senior equity analyst at Century Management, an Austin, Texas-based investment firm which holds Ocwen and Walter shares. TEMPTED BY NON-PRIME As mortgage servicers lend more, and competition between them grows, there exists the temptation to overextend into the subprime market in pursuit of fatter profits. As long ago as late-2012, Ocwen Chairman William Erbey had said it made sense for the company he founded to take part in the non-prime origination market. There was a caveat, though - such loans should be prudent. David Lykken, president of consulting firm Mortgage Banking Solutions, estimated an annual market for non-prime mortgages - almost non-existent today - worth anywhere between $100 billion and $200 billion in the next few years. Lenders, though, should adopt strict underwriting standards when dealing with non-prime borrowers, he said. The non-bank mortgage servicers also face two major hurdles. The first is the absence of a robust secondary market, where they can bundle non-prime loans and sell them to investors. "If you are a non-bank doing origination, you need to have securitization as your exit," said Christopher Ames, head of asset- and mortgage-backed securities at Schroder Investment Management North America Inc.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/scrutiny-mounts-mortgage-servicers-push-124604815.html

Federal Home Loan Bank of Seattle Announces Second Quarter 2014 Unaudited Preliminary Financial Highlights - Yahoo Finance

home purchase, equity, refinancing Americas trusted lending resource is now offering easy approval home loans with 100% approval rates. Seattle, WA (PRWEB) July 30, 2014 Home loan and refinance shoppers are now taking advantage of the easy to use online application process from Complete Home Loans. Americas trusted lending resource is now offering easy approval home loans with 100% approval rates. Home shoppers who have been turned down for a loan in the past due to bad credit history are now getting quick approval for their loan needs. https://completehomeloans.net/application-form/ - 60 second application form Once the easy online application form has been submitted, Complete Home Loans matches the persons financial information with a lender that can provide them with the loan they need. Complete Home Loans encourages shoppers to get their credit score checked after theyve applied for a home loan. Upon completing the online application the lending resource supplies loan shoppers with an easy to use credit score report through the top supplying resources in America. Home shoppers can take this information and improve their credit score which may have a drastic impact on their home finance rates (or approval). About Complete Home Loans: The home purchase, equity, and refinancing loan company services customers across America no matter their credit history.
Puedes ver la version sin traducir en http://www.prweb.com/releases/bad-credit-home-loan/easy-approval/prweb12056978.htm

As Fed meets, key issues likely to stay unanswered - Yahoo News

After the crisis struck, the Fed embarked on bond purchases to try to drive down long-term rates and help the economy recover from the Great Recession. Even after its new bond purchases end, the Fed has said it will maintain its existing holdings, which means it will continue to put downward pressure on rates. The Fed has kept its target for short-term rates near zero since December 2008. Most economists think it will start raising rates by mid-2015, though some caution that the Fed could do so sooner if the economy keeps generating jobs at a robust pace. There have been five straight months of 200,000-plus job growth. Mark Zandi, chief economist at Moody's Analytics, said he thinks chronically lagging pay growth, in particular, will stop the Fed from raising rates before mid-2015. Besides discussing short-term rates, Fed officials this week are likely debating how to unwind their investment holdings. They face a delicate task in shrinking the portfolio to more normal levels without destabilizing markets. The Fed's bond purchases allowed it to inject money into the financial system, which wound up as reserves held by banks and helped keep loan rates low. To reverse that process and raise borrowing rates, the Fed is considering a variety of tools.
Puedes ver la version sin traducir en http://news.yahoo.com/fed-meets-key-issues-likely-stay-unanswered-112704780.html

No Credit Check Home Loan and Refinancing Now Offered With 100% Approval Rates from Complete Home Loans

The bank recorded net gains of $3.8 million and $2.4 million on its derivatives and hedging activities for the three and six months ended June 30, 2014, compared to a net loss of $601,000 and a net gain of $10,000 for the same periods in 2013. The change was primarily the result of temporary ineffectiveness of the bank's fair value hedges. Lower other non-interest expense. The Seattle Bank's other non-interest expense decreased for the three and six months ended June 30, 2014, compared to the same periods in 2013, due to the impact of a one-time $4.0 million write-off of software in the second quarter of 2013. This decrease was partially offset by an increase in compensation and benefits expense and other operating expenses. Other Financial Information Total assets increased to $36.5 billion as of June 30, 2014, from $35.9 billion as of December 31, 2013. Advances outstanding decreased to $10.2 billion as of June 30, 2014, from $10.9 billion as of December 31, 2013, primarily due to the maturity of advances with Bank of America, N.A. in the first quarter of 2014, partially offset by an increase in advances to our members in the second quarter of 2014. Mandatorily redeemable capital stock decreased by $112.5 million as of June 30, 2014, compared to December 31, 2013, primarily due to the Seattle Bank's repurchase of excess capital stock during the first half of 2014, partially offset by a redemption request resulting from a merger between two members. In addition, in April 2014 the Seattle Bank's Board of Directors approved a waiver of redemption cancellation fees for members that submitted requests to cancel their outstanding stock redemption requests prior to June 30, 2014. As of June 30, 2014, six members had cancelled $5.1 million in previously outstanding redemption requests.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/federal-home-loan-bank-seattle-173500798.html

NCAA puts Henderson State on probation - Yahoo Sports

The penalties, which were released Tuesday, capped a three-year investigation and included show-cause orders for former head coaches Josh Matthews and Chris Oestreich. Neither was named in the NCAA's report, but Henderson State confirmed their involvement. Both coaches left the Division II school for jobs at the high school level and will be required to undergo a separate review on why they should be allowed to resume coaching in college, if they choose to return. Matthew's show-cause order is for one year, Oestreich's is for two. Henderson State self-imposed several penalties in 2012 after an inquiry into possible violations. Those included a loss of nearly half the women's basketball program's 10 scholarships for the 2013-14 academic year and limiting recruiting activities on and off campus. The NCAA followed many of the self-imposed penalties in Tuesday's report, though it did add the fine and show-cause orders - as well as requiring several athletic department officials to attend a rules seminar. The school's self-imposed probationary period ended May 1, but the NCAA also extended that through July 2016. Violations within the women's basketball program first came to the NCAA's attention via a newspaper article in 2011. Tuesday's report said 17 prospects participated in impermissible tryouts between 2009 and 2012, and that coaches sent text messages to prospects - another violation.
Puedes ver la version sin traducir en http://sports.yahoo.com/news/ncaa-puts-henderson-state-probation-170114776--ncaaw.html

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