The Lede
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Indiana Takes Aim at Zombie Homes and Foreclosures
IndyStar (Indianapolis), Jan. 19, 2016--Eason, Brian
Lawmakers from two of the state's hardest-hit housing markets--Gary and Indianapolis--have introduced four bills this session targeting urban blight, but those hoping for a major overhaul of Indiana's distressed property laws will have to wait at least another year.
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Global Fears Cast Gloom on the Fed’s Rate Hike Plans
CNN, Jan. 19, 2016--Gillespie, Patrick
Global volatility could force the Federal Reserve to pump the brakes this year. Many Wall Street analysts expect only be two rate increases in 2016.
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Banks Take No Chance on City Law
ItemLive.com (Lynn, Mass.), Jan. 19, 2016
City lawyers are almost certain the mediation ordinance will face legal challenges from banks. In a December letter to Kennedy, they warned a court battle over the city of Springfield's mediation ordinance could affect Lynn. "Mass Bankers (Massachusetts Bankers Association) made it very clear they will ask the court to stop any mediations in Lynn until such time as the Supreme Judicial Court makes a decision," a city official said.
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Mortgage Business Settlement Sets Back First Horizon Profits
Commercial Appeal (Memphis, Tenn.), Jan. 19, 2016--Evanoff, Ted
Memphis banker First Horizon National Corp. reported income last year of $79.6 million, a sharp decline from 2014's $216.3 million in profits after settling a long-running federal case involving the mortgage business spun off in 2008.
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Treasury, Other Regulators Move to Speed Collection of Bond-Trading Data
Wall Street Journal, Jan. 19, 2016--Tracy, Ryan; Burne, Katy
The U.S. government is moving toward faster collection of data for the $12.8 trillion U.S. Treasury market, boosting oversight of the world's most liquid securities market where trading has grown more volatile in recent years.
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Goldman Sachs Wants to Make More Giant Loans
Wall Street Journal, Jan. 19, 2016--Baer, Justin
Goldman Sachs Group Inc., beset by a steady decline in a fixed-income trading operation that was once its most-reliable source of profits, is turning for help to a business it once eschewed for help: debt financing.
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Industry at Loggerheads over Need for More FHA Premium Cuts
National Mortgage News, Jan. 19, 2016--Collins, Brian
In one corner are groups like the Community Home Lenders Association and the major credit union groups, which are hoping the administration will further cut premiums after a reduction a year ago. On the other are the Mortgage Bankers Association and ICBA, which argue a cut now would be too soon.
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Appraisal Volume Bodes Well for 2016
HousingWire, Jan. 19, 2016--Swanson, Brena
Appraisal volume grew 5% for the week of Jan. 10, following a strong surge the week prior, according to the latest report from a la mode, an appraisal forms software company that tracks appraisal volume.
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Big Banks Continue Retreat from Mortgages
CNBC, Jan. 19, 2016--Marino, Joe
Some big banks are making less on home loans, in part owed to the Fed and its yearslong zero interest rate policy. But the trend also coincides with a rise in nonbank lenders, like Quicken Loans, that have been gobbling up market share in mortgages in recent years.
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Black Knight Financial Services’ Closing Insight, Exchange Technologies Awarded MISMO Premiere Certification
MISMO announced that the Closing Insight technology and Exchange services platform from Black Knight Financial Services, a provider of integrated technology, data and analytics to the mortgage and real estate industries, have been awarded Premiere Level certification under the MISMO Software Certification Program.
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