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Home-Equity Lending Softened Slightly in 3Q16 as Refis Surged

December 15, 2016
John Bancroft
Bank of America once again ranked first as the top home-equity lender in the nation, although its production fell 17.7 percent…
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FHFA Unveils GSE ‘Scorecard’ for 2017. Several Items on the List, Including CRTs, ‘Underserved Borrowers’ and Servicing Liquidity

December 15, 2016
Paul Muolo
The FHFA’s mention of servicing liquidity is an acknowledgement of the growing market share gains by nonbanks.
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With Rates Rising, CEOs Contemplate Cost Cuts and that Means LO Comp is in Play

December 15, 2016
Thomas Ressler
Lenders should never make unrealistic promises when recruiting loan officers, said one webinar panelist…
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When the Going Gets Tough, Some Lenders Start Cutting Fees

December 14, 2016
Paul Muolo
“Roughly 30 to 40 percent of our customers are eligible to waive escrows,” said UWM CEO Mat Ishbia.
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Mortgage Applications Drop 4.0 Percent, but Refi Share Rises

December 14, 2016
Paul Muolo
Some industry executives believe the recent spike in interest rates could prove temporary.
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Investors Still Worried About TRID 2.0, Including PIMCO

December 14, 2016
Thomas Ressler
PIMCO believes the CFPB should expand the available post-consummation cures under the rules to cover good-faith errors made on the loan estimate form…
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Short Takes: More FHA Commissioner Candidates? / Others… / GSE ‘Chattel’ Lending, A Work in Progress / Mortgage Complaints Drop / Closing Corp. Hires Former Black Knight Official

December 14, 2016
Paul Muolo and Carisa Chappell
At least four names have surfaced for the FHA job in the Trump administration...
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An Odd November: Fannie Mae MBS Issuance Falls, Freddie Mac’s Increases

December 14, 2016
John Bancroft
Chase, which often has wide swings in its monthly GSE activity, increased its Freddie issuance by 46.1 percent from October to November, while reducing its Fannie activity by 2.5 percent.
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PennyMac Founder Kurland Gives Up CEO Position, Stays on as Executive Chairman

December 14, 2016
Brandon Ivey
Spector will report to Kurland, who founded the PennyMac family of companies in 2008, two years after being forced out of Countrywide Financial Corp.
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Candidates for FHA Commissioner: Homebuilder Ed Brady and HFSC GC Clinton Jones

December 13, 2016
Paul Muolo
The FHA commissioner in the Trump White House will have final say on the key issue of adjusting FHA premiums and loan sizes, and likely would have input on GSE reform.
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