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Vendor That’s Digitizing the Mortgage Process Lands $100 Million in Funding

August 24, 2017
Paul Muolo
In earlier funding rounds, Blend's backers have included businessman Peter Thiel, who co-founded PayPal...
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Eagles Named HUD Acting Deputy Secretary; Pantenaude on ‘Hold’ in the Senate

August 24, 2017
George Brooks
Senate Democrats opposing the administration’s proposed cuts to HUD’s FY 2018 spending bill have reportedly placed a hold on Pantenaude’s nomination...
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Mortgage Brokers Post Big Gains in Production, Market Share in 2Q17 Purchase-Mortgage Frenzy

August 24, 2017
The wholesale-broker market saw a surge in origination volume during the second quarter of 2017, according to a new ranking and analysis by Inside Mortgage Finance. All three primary-market production channels recorded big gains in the second quarter, but mortgage brokers posted the biggest increase, a 35.1 percent jump in first-lien mortgage originations to an estimated $50.0 billion. Most of the top wholesale funders in the sector reported similarly big increases in production. One reason the broker share of originations rose in the second quarter was...[Includes four data tables]
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Wedbush: Expanded Credit Could Add $200 Billion of Originations

August 24, 2017
Paul Muolo
Publicly traded lenders that could benefit from the trend include First Republic Bank, Flagstar Bank, Nationstar Mortgage and U.S. Bank…
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Mortgage Brokers Post Big Gains in 2Q17

August 24, 2017
John Bancroft
Mortgage brokers saw their market share top 11.0 percent in the second quarter, the highest reading in quite some time, Inside Mortgage Finance found…
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Industry Glad that CFPB Will Close the TRID ‘Black Hole’

August 24, 2017
Thomas Ressler
As a result, the closing disclosure can generally only be used to reset tolerances based on events that occur within seven days of closing…
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Regulators Propose Halt of Tougher MSR Capital Requirements for Regional Banks

August 23, 2017
Brandon Ivey
The proposed suspension generally applies to banks with less than $250 billion in total assets.
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Short Takes: Mortgage Apps Decline / What to do About Fannie and Freddie? / A Fast Grower, Guild has its Eye on M&A / Walter Bolting Reverses / A Promotion at UWM

August 22, 2017
Paul Muolo, George Brooks, and Carisa Chappell
A fast grower, Guild Mortgage is open to buying other shops...
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Despite Coming Ban, Starwood REIT to Buy Non-QMs with FHLBank Help

August 22, 2017
Brandon Ivey
Starwood didn’t disclose the volume of non-QMs it has acquired at this point.
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Wells Fargo Wins the Bid for Seneca Mortgage

August 22, 2017
Paul Muolo
Other bidders on the $53.6 billion MSR portfolio include JPMorgan Chase and New Residential…
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