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Realtors Examine Impact of Tax Bill

A survey found that homebuyers are anxious to know the effects of the Tax Cuts and Jobs Act, which some say may put upward pressure on home prices and mortgage rates on account of higher after-tax income.

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LoanCare Renews Black Knight Contract

Black Knight Financial Services Inc., an integrated technology, data, and analytics company, announced that LoanCare signed a seven-year renewal to continue using Black Knight’s LoanSphere MSP, which is ...

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The Week Ahead: Another Housing Bubble?

Americans are getting more and more concerned about the housing market—specifically that it could turn into another housing bubble. Next week, the Modern Homebuyer Survey will explain just whats happening. See what else is coming in The Week Ahead.

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Jury Finds Nomura Trader Guilty of Conspiracy

A former executive at Nomura, a financial holding company based in Japan, was found guilty of conspiracy on Thursday by a Connecticut jury. The defendant, Michael Gramins, allegedly added secret commission fees onto mortgage-backed security transactions he handled between 2009 and 2013, according to the verdict. Gramins wasn’t the only party involved—though he was the single person charged. The state’s case also named Nomura’s Ross Shapiro and Tyler Peters in the suit, which alleges the three defendants illegally added to their profit margins when handling RMBS transactions for their employer.

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“Trading Up” Not so Easy in These 10 Cities

A crowded seller’s market has left some homeowners who want to move into nicer homes frustrated. Though they are getting record-high offers for their starter abodes, when it comes time to buy, their money is not going as far in the trade-up market. Based on seven criteria, here is a list of the 10 hardest places to trade up.

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Clayton Introduces Internal Audit Services Program

Clayton Holdings LLC recently announced that it has developed an enhanced internal audit services program. The program is designed to help bank and lender clients develop, manage and enhance their internal risks and controls programs and comply with new government-sponsored enterprise and Consumer Financial Protection Bureau requirements

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CFPB: Servicers Fail to Protect Borrowers

Through its supervisory activities, the Consumer Financial Protection Bureau has determined that some mortgage servicers are failing to provide adequate legal protection to struggling borrowers and have therefore violated the law. According to the Bureau’s Supervisory Highlights report released on Wednesday, CFPB examiners also found that some servicers mishandled escrow accounts, kept borrowers in the dark about their potential foreclosure prevention options, prematurely entered the foreclosure process, and sent incomplete bills and statements.

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