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2010-07-29
Financial Regulatory Reform Update
On July 21 President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. The House of Representatives and the Senate had approved the Conference Report of this legislation on June 30 and July 15, respectively. This 20-page report summarizes the new law.
2010-07-29
Commercial Originations Show Signs of Strength
The origination of commercial real estate loans jumped 35 percent from the first quarter in the Mortgage Bankers Association's second-quarter commercial mortgage survey. Compared to the first quarter, conduit production more than doubled. By property type -- hotel loan production was nearly five times higher than in the first quarter.
2010-07-29
Flagstar Performance Better, Warehouse Assets Up
Flagstar Bancorp Inc. reported that second-quarter residential originations increase 28 percent from the first quarter. Delinquency on all loan types also improved, falling 220 basis points from March 31. Warehouse lending assets finished June $126 million higher than at the end of March. Compared to June 30, 2009, warehouse assets have nearly doubled.
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