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May 2, 2014

What We’re Hearing: Yes, FHFA Can End the GSE Conservatorships / Are ‘Liar’ Loans Staging a Comeback Thanks to a CFPB Loophole? / Ellie Mae’s Explanation on Tech Snafu Lacking / At Least Ellie is Hiring / FHFA Approves MSR Deal After IMFnews Publishes Story

By Paul Muolo

Did someone in the mortgage industry actually ask one of the GSEs recently to increase the 25 basis point servicing fee that it pays to residential servicers?

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Poll

What will Fannie Mae’s and Freddie Mac’s new 97 LTV programs mean for your business?

It will give our business a big boost as there is a lot of pent up demand for the product.
It will have only a minor impact on our overall business as we already are doing high LTV business through FHA and some of our high LTV FHA business is likely to shift to Fannie and Freddie.
It won’t have any impact on our business as we plan to steer clear of all high LTV business – particularly in the GSE market.

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