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Short Takes: Waiting on a Wider Credit Box / A 30 Percent Jump for Nonconforming / 5,000 Active Loan Brokers for UWM / Don’t Count on Another Refi Boom Quite Yet / A New Hire for Altisource

September 21, 2017
Paul Muolo and Brandon Ivey
Another refi spurt in the works? It may’ve looked that way a few weeks ago, but...
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Finance of America Enters the Correspondent Channel, Focusing on CUs and Community Banks

September 21, 2017
Paul Muolo
Finance of America’s backers include The Blackstone Group…
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Underwater Mortgages Steadily Drying Up

September 21, 2017
Sherry Muolo
The average gain in equity clocked in at $12,987 for homeowners.
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CFPB Modifies ‘Equal Credit’ Regs, Giving Lenders Additional Flexibility

September 21, 2017
Thomas Ressler
Originators will not have to maintain different practices based on their loan volume…
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Why Should Lenders Go ‘Digital’? Because That’s Where the Customers Are

September 21, 2017
Thomas Ressler
“Everybody’s going online to shop for most of their products, and mortgages are starting to happen the same way,” said Tim Anderson, director of eServices for DocMagic, during an Inside Mortgage Finance webinar…
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Don’t Look Now but Depositories are Making Modest Gains in Lending Market Share

September 21, 2017
John Bancroft
It marked the third straight quarter in which depositories raised their share among the top-100 mortgage originators.
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United Wholesale Keeps Funding Startup Grants for Brokers, but Would Like Some Company

September 20, 2017
Paul Muolo
UWM CEO Mat Ishbia noted that his company does not have a say on which applicants ultimately get picked by NAMB, though the lender does have one representative on the review panel.
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Short Takes: Did Wells Dodge a Bullet on its CFPB Fine? / A ‘Recommendation Memorandum’ / No Effect on Wells’ Mortgage Business / Subject the CFPB to Appropriations / Stearns Goes ‘Digital’

September 20, 2017
Paul Muolo, Thomas Ressler, and Brandon Ivey
Wells Fargo could have been subject to a whopping $10 billion fine...
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Houston Court Drives Final Nail into Allied’s Coffin, Imposes Total Damages of $293 Million

September 20, 2017
George Brooks
The case started back in 2011 as a “whistleblower” lawsuit filed in New York. Allied, a net branch operator, was based in Houston.
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Liquidity in the MBS and ABS Markets: As Strong as It’s Ever Been…

September 20, 2017
Brandon Ivey
“Liquidity is strong across the spectrum and probably the best we’ve ever seen for structured products,” said Scott Levy, a senior managing director at Guggenheim Securities…
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