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In New White Paper, MBA Takes Aim at the CFPB

September 13, 2017
Thomas Ressler
MBA believes the CFPB should concede it is bound by the guidance it issues…
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In the Wake of Hurricane Irma, ABS East Securitization Show is Still a Go for Miami Beach

September 13, 2017
Brandon Ivey
Information Management Network will contribute proceeds from the conference to aid hurricane relief efforts.
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Brian Montgomery (Finally) Picked for FHA Chief. Kittle for Ginnie Prez?

September 13, 2017
Paul Muolo
If confirmed by the Senate, it would be Montgomery’s second go at the FHA post, a position he held in the administration of George W. Bush.
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White House Finally Issues ‘Intent’ to Nominate Notice on Brian Montgomery for FHA Commissioner

September 13, 2017
Paul Muolo
While in the Bush White House, Montgomery assisted in HUD’s recovery and rebuilding efforts along the Gulf Coast and New Orleans following Hurricane Katrina. He is expected to play a similar role in the wake of hurricanes Harvey and Irma.
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KBW on PHH: More Value if the Servicer Liquidates ‘Relatively Quickly’

September 12, 2017
Paul Muolo
KBW noted: “We think there likely will be more value if the company is able to liquidate relatively quickly…”
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No Experience Required: Guaranteed Rate’s Program Will Train 100 Workers in CA

September 12, 2017
Sherry Muolo
Liftoff promises that participants will get instruction on sales itinerary and be prepared for a loan licensing exam.
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Credit Unions as ‘Players’ in the MSR Market? Interesting, but…

September 12, 2017
Paul Muolo
Second, it’s unclear if a CU wanting to buy receivables from another shop would face “membership” issues…
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Short Takes: Former DB Exec Paul Mangione Slammed in DOJ Civil Complaint / Fort Schuyler Advisors? / Angel Oak Passes $7B Mark / Richard Cordray? / A New CFO for LenderLive

September 12, 2017
Paul Muolo and Thomas Ressler
As IMFnews went to press, Mangione could not be reached for comment. He currently heads Fort Schuyler Advisors...
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CFPB Eyeing the Equifax Mess, Forced Arbitration an Issue

September 12, 2017
Thomas Ressler
“Equifax’s credit monitoring product contains a mandatory arbitration clause that denies people their right to join together to sue the company for wrongdoing,” the bureau spokesman said.
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On a Roll: Fourth Consecutive Monthly Gain for GSE MBS Issuance

September 12, 2017
John Bancroft
Fannie and Freddie lost some market share during the second quarter, according to preliminary figures compiled by Inside The GSEs.
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