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Short Takes: Keeping an Eye on GSE Hurricane Charges / The Tax Bite / In the End, Treasury Wins No Matter What / More Delinquency Data / A Promotion at Norcom Mortgage

October 31, 2017
Paul Muolo and Carisa Chappell
You might say that in the end, Treasury cannot lose when it comes to the GSEs...
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PiperJaffray: A Bank Purchase of Nationstar Might Make Sense

October 31, 2017
Paul Muolo
According to Inside Mortgage Finance, Nationstar is the nation’s fourth largest servicer based on June 30 figures.
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Prime Non-Agency MBS Issuance Catches Fire in October

October 31, 2017
Brandon Ivey
In the Chase MBS, 44.3 percent of the loans were originated by correspondents…
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Thanks to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax); Almost $1B in Hurricane-Charges

October 31, 2017
Paul Muolo
In late December, Freddie will make its regular quarterly dividend payment to the U.S. Treasury, which holds its senior preferred shares. When it does, most of the $4.67 billion in net earnings will be swept into the general fund.
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Thanks (In Part) to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax)

October 31, 2017
Paul Muolo
Freddie Mac set aside almost $1 billion in reserves for "recent hurricane activity."
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NAHB Turns Against GOP Tax Overhaul After Homeownership Credit is Nixed

October 30, 2017
Paul Muolo
NAHB said by sharply reducing the number of taxpayers who would itemize, “what’s left is a tax bill that essentially eviscerates the mortgage interest deduction…”
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Short Takes: No Retained Portfolio for the GSEs? / A 33 Percent Chance for a Bill / Have a Mortgage Question? Ask a Real Estate Agent First / MIAC Selling Whole Loans / PrimeLending Picks SoCal Manager

October 30, 2017
Paul Muolo
No GSE-retained portfolios in Treasury's plan?
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Nationstar May Hit the Auction Block Soon

October 30, 2017
Paul Muolo
In February, SoftBank agreed to buy Fortress for roughly $3.3 billion in cash.
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New Fannie Mae Survey: Humans, Not Robots Preferred

October 30, 2017
Paul Muolo
Also, lender websites don’t seem to sway consumer choices very much…
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FHA/VA Delinquencies Continue Climbing in 3Q17 While Servicing Grows

October 30, 2017
John Bancroft
Some 6.03 percent of FHA loans were 30-to-60 days past due as of the end of the third quarter, up from 4.51 percent in June.
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