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Short Takes: Ocwen Sale Could Spell Trouble for Indian Workers / Tepid Mortgage Results for Ally / From GMAC to Ocwen to Nationstar / 3Q Results from Radian, Altisource / No Thanks, Mr. Mnuchin

October 26, 2017
Paul Muolo and Carisa Chappell
Some history: When GMAC imploded earlier in the decade, some of its GSE servicing rights were sold to Ocwen. Ocwen eventually sold those contracts to Nationstar.
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Mortgage Originations Continued to Exceed Expectations In Third Quarter, But 2017 Still Off Last Year’s Pace

October 26, 2017
Mortgage originations continued to gain momentum in the third quarter of 2017, although most experts are calling for a slowdown in the final three months of the year. An estimated $495.0 billion of first-lien home loans were originated during the third quarter, according to a new Inside Mortgage Finance ranking and analysis. That represented an 8.8 percent increase over the April-June cycle and brought year-to-date production to $1.335 trillion – off ... [Includes two data charts[
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FHA Nominee (and ex-FHA Commissioner) Montgomery: Time For Us to Treat Lenders Like Partners

October 26, 2017
George Brooks
FHA Commissioner Nominee Brian Montgomery: “To be clear, fraud and misrepresentation have no place in any industry … but I wonder if we haven’t gone too far.”
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Servicing Brokers Show Concern on Fannie Mae Plan to Enter the MSR Marketplace

October 26, 2017
Paul Muolo
One dealmaker, requesting anonymity, added: “Why not just sell servicing on eBay? There are reasons the market for servicing is wired as it is.”
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Trade Groups Press Lawmakers to Pass TRID Improvement Bill

October 26, 2017
Thomas Ressler
Currently, the bureau does not permit title insurance companies to disclose available discounts…
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The Mortgage M&A Market Heats Up: Ocwen Prepping for a Sale (of Sorts)

October 26, 2017
Paul Muolo
Ocwen very well could be sold through an “asset” sale, observers told Inside Mortgage Finance…
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Short Takes: MBA CEO Dave Stevens Announces Retirement / The Search for a Successor Begins Now / MBA Bullish on Purchase Lending, Refis Not So Much / All Hail Peyton / President Bolts PrimeLending for Nonbank

October 25, 2017
Paul Muolo and Brandon Ivey
Who will replace Dave Stevens at MBA? The speculation has already begun...
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Originations Continued to Exceed Expectations in 3Q17. The Final Tally: $495 Billion

October 25, 2017
John Bancroft
Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found…
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CoreLogic Lands HUD Contract for FHA Work

October 25, 2017
George Brooks
CoreLogic also will provide fair-market list prices to HUD…
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Coming Soon: The Trump Administration’s ‘Principles’ on GSE Reform

October 25, 2017
Brandon Ivey
Look for any principles on GSE reform to avoid specificity so as not to box-in legislation being drafted in Congress…
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