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August 15, 2014

Short Takes: Nationstar Creates President’s Post at Champion / Who’s Selling the $27 Billion of MSRs? / Yet More Non-QM Menu Announcements / Moody’s Ready to Update Jumbo Criteria

By Paul Muolo and Brandon Ivey

Mystery continues to surround the seller of that $27 billion MSR package...

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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