Wednesday, November 26, 2014 1:05:23 PM
In September, Royal Bank of Scotland spun off Citizens Financial Group, the U.S. banking operation it controlled. RBS, of course, is owned by the British government and is facing a likely multi-billion dollar settlement with the Federal Housing Finance Agency to cover all the shoddy non-agency MBS its Greenwich Capital unit sold to Fannie Mae and Freddie Mac. As the week closed, Citizens had a market cap of roughly $13 billion, which is what RBS may have to pay, give or take a couple billion dollars…
Meanwhile, we understand that Citizens has been aggressively recruiting residential mortgage loan officers, paying some nice signing bonuses…
The California Association of Realtors this week issued a statement commending the FHFA for keeping the Fannie Mae/Freddie Mac loan limit unchanged at $417,000 for one-unit properties and at $625,500 for high-cost areas. The limit was actually raised in 46 counties as IMFnews reported Tuesday. California, as you might have guessed, has the highest home prices in the nation. But did anyone really think the FHFA was going to reduce the GSE loan limits? Really…
We know of a few jumbo mortgage executives who weren’t too thrilled with the loan caps increasing, but then again, some players in the jumbo market also have their Fannie/Freddie approvals. As the saying goes: if you can’t beat ‘em, join ‘em.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM