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Short Takes: Why Won’t the CFPB Answer the Industry’s Questions? / Competition for W.J. Bradley Talent? / Cherry Hill REIT Buys MSRs / Clear Capital Affirmed / Executive Bolts Stonegate for FGMC

March 16, 2016
Paul Muolo, Thomas Ressler, and Brandon Ivey
A day after the news broke that W.J. Bradley Mortgage has shut its doors, competition is heating up for some of its top loan officer and executive talent...
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MountainView Offering $3 Billion-Plus of MSR Deals

March 16, 2016
Paul Muolo
The MSR sale market continues to pick up steam. Last week, IMA came to market with almost $3.70 billion of bulk mortgage servicing deals...
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DOJ Issues a Reminder: It Will Continue to Use the FCA to Pursue FHA Wrongdoers

March 16, 2016
Paul Muolo
FHA consultant Brian Chappelle of Potomac Partners told IMFnews, “I give FHA credit for trying to solve a problem it didn’t create but the DOJ is the elephant in the room.”
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Banks Pushed Redwood Trust Out of GSE Lending

March 16, 2016
Brandon Ivey
Redwood said its conforming operations generated a negative return of 22.0 percent in 2015.
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Final Tally: FHA, VA Outpaced Private Mortgage Insurers in 2015; California Rocks

March 16, 2016
George Brooks
California had one of the highest concentrations of FHA refinance loans, which accounted for 42.3 percent of the state’s total FHA business in 2015.
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‘Scratch & Dent’ Market for TRID Loans Continues Apace; Agency Decides to Host a Webinar

March 16, 2016
Paul Muolo and Thomas Ressler
Some lenders report they have totally adjusted to the new TRID disclosures, while others continue to be plagued by errors and delays.
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HUD Codifies Final Loan-Level Certification Rule

March 15, 2016
George Brooks
But does this mean the HUD Inspector General and Department of Justice will ease up on suing lenders?
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Short Takes: Do the GSEs and Ginnie Know About WJB? / 500 Employees / The WJB-RPM LO Case / Angel Oak Rolls Out New Product / EverBank Sells Debt

March 15, 2016
Paul Muolo
At last check, W.J. Bradley employed roughly 500 workers...
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Executive of GSE ‘Shareholder Rights Group’ Sues, Seeking Access to Fannie/Freddie Corporate Records

March 15, 2016
Carisa Chappell
Tim Pagliara, executive director of Investors Unite, is the lone plaintiff in this case...
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With Loan Volumes Sinking, W.J. Bradley Decides to Close its Doors

March 15, 2016
Paul Muolo
One observer had this to say about the firm closing: "They literally shut their doors ... no vacation time pay either..."
Read More
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