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HMDA Analysis: Higher-Priced Lending Spikes

November 14, 2017
Brandon Ivey
Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…
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Short Takes: FHA MMIF Results Due Wednesday / Fannie’s Foray into Construction-to-Perm? / Production Chief Departs / Drones Being Used by Some Mortgage Servicers / A Loss for Invitation Homes

November 14, 2017
Paul Muolo
However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.
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Correspondent Share of FHA Loans Nears the 49 Percent Mark

November 14, 2017
John Bancroft
Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…
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Tough Times for Reverse Lending as More Players Head for the Exit

November 14, 2017
Paul Muolo
Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).
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Invictus Includes Loans Aggregated by Shelter Growth in Latest Nonprime MBS

November 13, 2017
Brandon Ivey
Mortgages aggregated by Shelter Growth account for 43.5 percent of the collateral.
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Nonprime Lenders Aim to Avoid a Mistake of the Past: Risk Layering

November 13, 2017
Brandon Ivey
Angel Oak Mortgage Solutions, Atlanta, said it has underwriting standards that avoid risk-layering…
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Short Takes: Time for a Hearing on Why There’s No Housing Inventory / The Russians Invest in Mortgages / Angel Oak’s Latest MBS / A Nonprime REIT? / Eight New LOs for Minnesota MB

November 13, 2017
Paul Muolo and Brandon Ivey
Maybe a REIT is the way to go in nonprime...
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KBW: A Change to the GSE Dividend Sweep ‘Unlikely’

November 13, 2017
Paul Muolo
KBW estimates that if the corporate tax rate falls, Fannie and Freddie, combined, would have to fork over to Treasury an estimated $13 billion to $19 billion…
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CFPB, Ocwen Tit for Tat Continues, Thanks to DOJ

November 13, 2017
Thomas Ressler
The common thread in both cases is that Ocwen and PHH similarly assert that the CFPB’s structure is unconstitutional.
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FHA MMIF Audit Expected to Show Positive Results. As for an MIP Cut, Don’t Bet on It

November 13, 2017
George Brooks
Keep in mind, that one of the first things HUD did under Trump was to kill a planned MIP reduction...
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