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Appeals Court in PHH Case Lets Government File Late, Blocks Intervenors

March 9, 2017
Thomas Ressler
Under the Obama administration, the department backed the CFPB. But that was then…
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Short Takes: Practice Random Acts of Kindness at HUD and Cut the Budget / Moneymakers: FHA and Ginnie / IG Questions HUD Oversight of DPA / Stonegate Reports Profit, Books MSR Gains / Silver Hill Tweaks Loan Terms

March 9, 2017
Paul Muolo
Will HUD cut money from the FHA and Ginnie Mae programs?
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Agencies Nipped More Jumbo Share in 2016, Heavy VA Refinance Activity Played a Role

March 9, 2017
The jumbo mortgage market generally kept pace with the robust growth in first-lien originations last year, but the agency component clearly did better than the non-agency side, according to a newInside Mortgage Finance ranking and analysis. An estimated $534.57 billion of single-family mortgages with loan balances exceeding $417,000 were produced last year, an increase of 20.0 percent from 2015. That was in line with the 19.0 percent growth in total first-lien production in 2016. But the agency jumbo market – loans in high-cost markets eligible for securitization by Fannie Mae, Freddie Mac and Ginnie Mae – was...[Includes three data tables]
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Jumbo MBS Market Looking Relatively Strong as Shellpoint Prepares Another Deal

March 9, 2017
Brandon Ivey
Yet another new jumbo MBS deal is hitting the market. This time from an affiliate of Shellpoint…
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Servicers Strongly Oppose Maryland’s Attempt to Block Mortgage Servicing Transfers

March 9, 2017
Brandon Ivey
The Consumer Mortgage Coalition believes the proposal effectively prohibits servicing transfers in many cases…
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Top Mortgage Compliance Attorneys Say Realtors are Now on the CFPB’s RESPA Radar Screen

March 9, 2017
Paul Muolo and Thomas Ressler
One loan officer told IMFnews: “Frankly, if you violate a provision of RESPA, you should be fined.”
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Still Anemic: Investor Interest in Ginnie Mae Servicing Rights (Flow Deals)

March 8, 2017
Paul Muolo
According to one advisor: “I do think a thaw is on, but if you threw it on the grill, it would still be pretty tough because it’s not fully defrosted.”
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Short Takes: What Higher Rates Might Mean / And the Refi King of Mortgage Banking is… / There’s Still a Disturbance in the (Mortgage) Force, Only Less So / Vertical Looking to Buy / Better Mortgage’s First Year

March 8, 2017
Paul Muolo
Fannie and Freddie are still worth less than social media darling Snap, but the gap is narrowing...
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Agencies Nipped More Jumbo Share in 2016

March 8, 2017
John Bancroft
The agency share of total jumbo production reached its highest level in 2009 and 2010, immediately after “emergency” high-cost loan limits were put in place…
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A Booming Market for USDA Mortgages

March 8, 2017
George Brooks
The Guaranteed Rural Housing Loan initiative is the largest of the USDA’s single-family housing programs.
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