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A Wide Variety of Denial Rates Among Jumbo Originators

January 9, 2017
Brandon Ivey
Some 30 percent of jumbo application denials were tied to debt-to-income ratios, compared to 15 percent for all loan types.
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The Final Tally: Ginnie Mae MBS Issuance Hit a Record High in 2016; VA Soared

January 9, 2017
John Bancroft
FHA collateral still accounted for over half of Ginnie issuance, but the 2016 total was up a more subdued 8.2 percent from the previous year…
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Short Takes: FHA Premium Cut Has Negative Impact on MI Stocks / Carson Should Expect a Lot of Questions on the MIP / Of Mortgages and Brains / FHLBs Get More Flexibility on Collateral

January 9, 2017
Paul Muolo and Carisa Chappell
Mortgage insurance stocks aren't have a good day. Blame the FHA MIP cut?
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AMC Acquires Origination and Servicing QC Services from Stewart

January 9, 2017
Brandon Ivey
AMC acquired Stewart’s residential due diligence and servicing functions, including credit, compliance, origination and servicing quality control reviews.
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HUD Trims FHA MIP by 25 BPs. But Can (and Will) Trump Block It?

January 9, 2017
Paul Muolo
Why the change of heart? For most of last year, HUD and FHA officials nixed the idea of cutting the premium…
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Carson’s Inexperience Could be Front and Center at HUD Confirmation Hearing

January 9, 2017
George Brooks
One big positive for lenders: the mortgage industry could see a reduction in new rule-making from HUD and perhaps a reversal of certain regulations promulgated during the Obama administration.
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Tozer on Ginnie Mae MBS Demand: ‘I Wish I Could Make More’ [Securities]

January 9, 2017
Paul Muolo
Presently, Japan is the volume leader in Ginnie ownership at roughly $204 billion…
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In Limbo: the ‘Prime’ Non-Agency MBS Market

January 9, 2017
Brandon Ivey
Some $1.57 billion in prime non-agency MBS were issued in the fourth quarter, down 61.3 percent…
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HUD Makes It Official: Annual MIP Will be Cut by 25 BP on Jan. 27

January 9, 2017
Paul Muolo
The change – whose likelihood was first reported by Inside Mortgage Finance last Thursday – affects new loans with a closing/disbursement date of Jan. 27, 2017.
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Around the Industry

January 6, 2017
VA Extends Making Home Affordable Program. The Department of Veterans Affairs has extended the Making Home Affordable program to Oct. 1, 2017. The program was set to expire on Jan. 1, 2017. USDA Approves NewFed Mortgage to originate Section 52 Guaranteed Rural Housing Loans. The U.S. Department of Agriculture has approved NewFed Mortgage Corp., a multi-state residential mortgage lender, to originate USDA loans. Based in Danvers, MA, retailer NewFed offers FHA, VA, USDA, conventional and jumbo mortgage products. Reviews Genworth Financial’s Proposed Sale to Chinese Conglomerate. Fannie Mae has approved Arch Capital’s acquisition of ...
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