Bernard Horn's Polaris Global Value Fund Q4 2014 Shareholder Letter

Posted on Mar 17, 2015 in Stated Income Loans

Mortgage Rates Unchanged at Wells Fargo, more about pills Commerce Today Mar 6, here 2015
30 year loan interest rates at Wells Fargo (NYSE:WFC) have been offered at 4.250% today with an APR of 4.492%. 30 year FHA loans are published at 4.000% carrying an APR of 5.180%. Shorter term, more about popular 15 year loans have been quoted at 3.500% …
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FHA mortgage premiums cost borrowers up to K more
The 2014 Mortgage Insurance Report from WalletHub shows that having to pay mortgage insurance through the Federal Housing Administration versus private mortgage insurance costs borrowers as much as $ 12,000. FHA mortgage insurance premiums …
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Organizations Speak Out on Current Issues; State-Level News from NY, ask TX, WI
… counselor to the secretary for housing finance policy, suggested at an industry conference that the Obama administration will not allow Fannie Mae and Freddie Mac to rebuild capital as he defended the government sweep of profits from the mortgage …
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American Refinancing Boom Seen Fizzling, Bonds Show: Mortgages
Government-backed mortgage bonds are sensitive to swings in how fast homeowners refinance or move before their loans' terms are over. That can cause debt trading for more than face value to pay off more quickly at par, and curb interest payments.
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Ted Nesi's Saturday Morning Post: March 14
Whatever you think of the $ 8.6-billion budget proposal she unveiled Thursday night, it includes plenty of the big-ticket items she proposed during her campaign: a suite of new economic-development programs, a big push on the I-195 land, an effort to …
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Bernard Horn's Polaris Global Value Fund Q4 2014 Shareholder Letter
The four U.K. homebuilders in the Fund announced healthy results, this site on increased demand due to improved mortgage availability. Land bought … We expect that the decrease in oil prices will have a beneficial effect on disposable income, mind leading to …
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'Toxic' MBS Were Unfairly Blamed for Crisis, an Ex-Quant Argues
Structures such as credit-default swaps, which essentially allowed investors to place unlimited bets on the performance of mortgage bonds without direct ties to the bonds, were the bigger problem, he wrote in his recent book, "Finance Monsters." Hill …
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CFPB supervisory report highlights violations in debt collection, consumer
In its Winter 2015 Supervisory Highlights, which covers supervision work generally completed between July and December 2014, the CFPB highlights legal violations resolved using non-public supervisory actions involving debt collection, consumer …
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