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Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise

December 10, 2018
John Bancroft
At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…
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REIT Investments in GSE CRT Deals Could Surge

December 10, 2018
Dennis Hollier
Fannie and Freddie addressed that problem by beginning to structure CAS and STACR transactions as real estate mortgage investment conduits – which REITs can buy more freely.
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Caught in the Market’s Down-Draft: Texas Capital, the Nation’s Second Largest Warehouse Provider

December 10, 2018
Paul Muolo
The warehouse lending sector has experienced a noticeable decline in profit margins…
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New MBA President Broeksmit Toes the Party Line on GSE Reform

December 10, 2018
Paul Muolo
The MBA chief also makes it blatantly clear that he is no fan of any “recap and release” proposals for the government-sponsored enterprises either...
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Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell)

December 10, 2018
Paul Muolo
Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...
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Kraninger Confirmed as CFPB Director. Will She Bring Change?

December 10, 2018
The Senate last week confirmed Kathy Kraninger as the second permanent director of the CFPB, on a 50-49 party-line vote.
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States Gear up for Fair Lending Enforcement, With a Few Limits

December 10, 2018
State regulators will likely put more effort into enforcing fair lending laws, even as the CFPB continues to reassess the use of the disparate-impact theory under the Equal Credit Opportunity Act.
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VA Lender Sued for Deceiving Veterans Regarding IRRRLs

December 10, 2018
The CFPB last week sued Village Capital & Investment for deceiving veterans regarding the Interest Rate Reduction Refinance Loans program.
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Top Senate Democrat Slams Mulvaney’s Leadership at CFPB

December 10, 2018
Sen. Sherrod Brown, D-OH, recently released a staff report accusing Acting CFPB Director Mick Mulvaney of undermining the agency’s mission to protect American consumers.
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Deputy Director Explains CFPB’s Consumer Protection Approach

December 10, 2018
Since taking the reins of the CFPB last year, Acting Director Mick Mulvaney has changed its course. In a recent speech, the agency’s second in command, Acting Deputy Director Brian Johnson, explained how the current leadership defines consumer protection and principles behind its actions.
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