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"We will be able to see if there are outliers" who are "not doing a good job, and would not be eligible for future sales," said Eric Stein, a special adviser to FHFA.
BY Brian Collins
The Federal Housing Finance Agency is set to make the sales of nonperforming loans by Fannie Mae and Freddie Mac more transparent, including providing information on trends at the individual pool level, according to a top agency official.
Banks have rushed to the exits when it comes to Fannie Mae and Freddie Mac debt securities. Federal liquidity rules seem to be prompting big banks to do so, but why small banks are unloading the bonds, too, is more of a puzzler.  more »
Home prices nationwide in March were just 3.8% down from their June 2006 peak, according to Black Knight Financial Services.  more »
Step aside, spring. Summer is becoming the new hot season for home buying, according to a Florida Atlantic University economist.  more »
KeyCorp's $4.1 billion bid to buy First Niagara Financial Group Inc. is facing scrutiny over a U.S. investigation into First Niagara's minority lending practices, according to two people familiar with the matter.  more »
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