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Short Takes: Servicing Monitor Clears the ‘Mega’ Players / Ocwen, Ocwen, Ocwen / The CFPB’s Webinar … Never Mind / A Moment of Silence at ABS East / Another New Hire for Silver Hill

March 3, 2016
Paul Muolo and Brandon Ivey
Stock analysts continue to ponder the future of Ocwen Financial...
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Hedge Fund Co-Founder Beltzman Named Chairman of Walter Financial; Move Comes After Large 4Q15 Loss

March 3, 2016
Paul Muolo
Not only his Beltzman chairman, but his fund owns 19.8 percent of Walter...
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Stonegate Mortgage Ekes Out Small Profit, Originations Off 29 Percent in 4Q

March 3, 2016
Paul Muolo
Stonegate met its expense reduction goals by discontinuing select operations and shuttering branches...
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The Final Tally: 2015 the Strongest Year for Purchase Lending Since the Crash

March 2, 2016
John Bancroft
But the news wasn't all good: After peaking at $280 billion in the third quarter of 2015 – an eight-year high – purchase-mortgage originations tumbled 25 percent in 4Q...
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SAFE Act Gives Loan Originators 120-Day Grace Period When Changing Jobs

March 2, 2016
Carisa Chappell
At the March 2 HFSC mark-up, Rep. Stivers said H.R. 2121 will make sure that loan officers are able to move between jobs with a minimal amount of disruption.
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Short Takes: Who’s Better for Mortgages: Hillary or ‘The Donald’? / How Involved Was Trump? / The Mid-Winter Housing Conference Begins / CFPB Brings Changes to ‘Rural’ Definition / Salary of Stonegate CFO Revealed

March 2, 2016
Paul Muolo
So far, only one of the two has released a position paper on housing issues (Hillary) while the other (Donald) should know quite a bit about housing, having constructed many condos and multifamily units in his day…
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The Trouble with ‘Bank Statement’ Mortgage Lending – Moody’s Weighs In

March 2, 2016
Brandon Ivey
The rating service noted that originations of bank-statement loans tend to be non-qualified mortgages for self-employed borrowers.
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More Executive Changes at Stonegate; Nonbank Hires Production Executive from Impac

March 2, 2016
Paul Muolo
Stonegate Mortgage, which lost $22.8 million during the first nine months of 2015, has yet to report fourth quarter results.
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Industry Works to Fix ‘TRID-Lock’ in Non-Agency Market as Compliance Issues Slow Loan Sales

March 2, 2016
Brandon Ivey
While industry participants continue to call for formal guidance from the CFPB regarding TRID defects, some predict that further help is unlikely at this time…
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Subprime Holdings at the GSEs: $147 Billion and Fading

March 2, 2016
Brandon Ivey
Vintage Alt A mortgages continue to cause losses at the GSEs.
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