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Fresh questions are being asked about the role of investors in the rental market and how their eventual exit may impact mortgage lending, property values and the economic recovery.

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An audit of Ginnie Mae financials identified four "material weaknesses" and one "significant deficiency," primarily related to the accounting of $6.6 billion in defaulted loans made by the failed lender Taylor, Bean & Whitaker.

A court-imposed deadline for American Express to negotiate a fix to its merchant rules with the Department of Justice is about three weeks away. Odds of a deal are said to be low, heightening uncertainty — and fueling debate — about how the showdown will affect the future of the credit card business.

Amid heartbreaking tales told by distressed homeowners and reverse mortgage holders, many community groups praised OneWest CEO Joseph Otting for spending time speaking to them and hearing their communities' concerns.

One in three struggling homeowners who received a loan modification through the Home Affordable Modification Program ultimately redefaulted on those loan.Meanwhile, the program that was supposed to help some 4 million families avoid foreclosure has helped only a fraction of that amount, according to a report presented to Congress.

Marketplace lending platforms like Lending Club still need banks to make the loans. Cross River Bank CEO Gilles Gade, which has deals with 14 platforms and has talked with dozens of others, explains the mechanics of these agreements in a Q&A.

Problems related to loan servicing dominate the consumer complaints about mortgage companies made to the Consumer Financial Protection Bureau, but an agency official expressed optimism about the industry's response to these grievances.

JPMorgan Chase executives used an annual investor gathering to hammer home their arguments why the company's sum is more valuable than its parts and to promise investors that they will keep slicing costs.
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The heightened regulatory environment for servicers has also prompted a wave of process improvements.

Busting up JPMorgan Chase would result in a collection of financial services companies with higher back-office costs, more divided capital and less power to be a world leader, the company's CFO said Tuesday.

San Francisco-based Sindeo is trying to bring the mortgage brokerage business into the future, creating a new online service that focuses on helping consumers navigate the often confusing mortgage process from start to finish.

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