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Tag Archives: Bank

Housing Finance Agency Funds $14 Million in Affordable Loans

CBC Mortgage Agency (CBCMA) announced that $14 million in affordable home loans have been purchased to date via the company's online platform—CRA Note Exchange. CBCMA's aim is to help low-moderate income consumers, often in minority neighborhoods, achieve the dream of homeownership.

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Wells Fargo Addresses Technical Glitch

While an expanded review of its loan modification products revealed more borrowers being impacted than originally envisaged, here are some steps that the bank plans to take to remediate this error.

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Why Wells Fargo Agreed to Pay a $2B Penalty

On Wednesday, Wells Fargo agreed to pay a fine of more than $2 billion for allegedly misrepresenting the quality of loans used in Residential Mortgage Backed Securities. Here's why the bank agreed to pay this amount in a settlement with the Department of Justice.

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Mortgage Lending: An Innovative Space

Citizens

Eric J. Schuppenhauer, President of Home Mortgage at Citizens Bank gives his insights into the cyclical nature of the industry, innovation in a higher rate environment, and why it’s important to be passionate about your work. Editor’s Note: This feature originally appeared in the July issue of MReport.

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