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Overtime Pay Regs in Doubt Again. Mortgage Firms Ponder Their Options

December 1, 2016
George Brooks
Some banks have reclassified mortgage loan officer duties as a way to avoid paying overtime, IMFnews was told.
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Moody’s Issues Caution on ‘Bank Statement’ Mortgages

December 1, 2016
Brandon Ivey
More lenders are making “bank statement” loans these days, including both banks and nondepositories…
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Refis Fueled 3Q16 Originations, but Purchase Business Remained Robust

December 1, 2016
John Bancroft
One notable change in the market over the past three years has been the gradual increase in cash-out refi lending.
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Bank Holdings of Non-Mortgage ABS Continued to Fade, But the Market Itself Stalled in 3Q16

November 30, 2016
John Bancroft
The ABS market itself shrank slightly during the third quarter, according to data reported by the Securities Industry and Finance Markets Association...
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Short Takes: High Hopes for GSE ‘Recap and Release’ / Mnuchin Will be Confirmed / Another Mortgage Deal for Incenter LLC / Arch in Huge Debt Offering / What’s $20 Trillion Among Friends?

November 30, 2016
Paul Muolo
In case you haven’t noticed: the national debt is ready to crack the $20 trillion mark – almost twice the dollar volume of outstanding residential debt in the United States.
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Mortgage Complaints Down 6 Percent from Last Year

November 30, 2016
Thomas Ressler
Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…
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Lone Star Readies Another MBS Backed by New Nonprime Mortgages

November 30, 2016
Brandon Ivey
The mortgages were originated by Lone Star affiliate Caliber Home Loans, but also LendSure Mortgage and Sterling Bank & Trust.
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Incoming Treasury Chief Mnuchin: Resolving Fannie and Freddie a Top Priority. Share Prices Soar!

November 30, 2016
Paul Muolo
As IMFnews went to press Wednesday, Mnuchin said in a Fox TV interview that resolving Fannie and Freddie will be a top priority.
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GSE Single-Family Business Slumped in October, Credit Box Unchanged

November 30, 2016
John Bancroft
Expanding the credit box will be a major theme in the GSEs’ priorities for 2017, according to the FHFA.
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Short Takes: Trump Names HUD 'Landing Team' / Another Day and No Word from Doc Carson on the HUD Job / Trump ‘Landing Team’ Hits the Beach at the CFPB / Gather Intel and Advise / Resume Polishing Since Election Night? / Freddie Publishes eMortgage Vendor

November 29, 2016
Paul Muolo
Moreover, anyone close to Richard Cordray has likely been working on their resume since Tuesday night, Nov. 8…
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