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September 3, 2014

Short Takes: IMA Selling $4 Billion of Fannie MSRs / PennyMac Looking to Buy MSRs? / New Final Rules From FHA / HSBC Sells Receivables / Carrington Mortgage Hires Ex-JPM Executive

By Paul Muolo and George Brooks

It appears that PennyMac Financial Services is in the market to buy MSRs...

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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.

vote to see results