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SEC Clarification May Help Markets – The SEC is not telling holders of hard-hit mortgage-backed securities that they can willy-nilly. what they owe and what they can sell. An odd-sounding accounting phrase at the heart of this is.
Investor Updates/News; OCC’s Risk List; Training and Events – At JPMorgan Chase mortgage revenues fell 26% compared to a year ago, fell 52% at Citigroup Inc., and was down 19% at Wells Fargo to $1.15 billion. The results reflect what most lenders already know:.
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