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Short Takes: Industry to Fed: Raise Rates Already / Want to Increase Housing Affordability? Convince Sellers to Cut Their Asking Prices / UG Rolls Out Expanded Guidelines for Doctors and Lawyers / CHMI Closes on MSR Purchase / Landes to Head Sales at Ston

November 19, 2015
Paul Muolo
Quite a few executives believe the central bank should move forward with a “one and done” strategy and be done with it...
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Government Lending Bucked the Third Quarter Downturn Trend

November 19, 2015
John Bancroft
An estimated 32.5 percent freefall in refi originations during 3Q had a much bigger impact on the conventional market than on government-insured lending.
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Fitch Downgrades Residential Credit Solutions’ Servicer Ratings, Citing Regulatory Issues

November 18, 2015
Brandon Ivey
A few months back, rumors began circulating that ACMI was contemplating taking bids on its servicing business.
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Nonprime Lender Citadel Thinks It Will Top $1 Billion Next Year

November 18, 2015
Paul Muolo
If Citadel can hit the $1 billion mark it would be a significant achievement in the “new,” post-crash nonprime market.
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Short Takes: What’s Keeping Mortgage CEOs Up at Night? / Food Titan Enters the Non-Agency MBS Market / A Non-QM Loan from loanDepot / Mortgage Applications Rise / AMC Hires Former Stewart Executive

November 18, 2015
Paul Muolo and Brandon Ivey
Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.
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Selene Finance Hires Clayton Executive Tom Donatacci

November 18, 2015
Paul Muolo
Donatacci helped steer Clayton from survival mode during the financial crisis to solid profitability before the due diligence vendor was sold to Radian Group for $305 million in 2014.
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Ocwen Looks Beyond Acquisitions of MSR Assets

November 18, 2015
Brandon Ivey
In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...
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OCC to Begin Examining for TRID Compliance

November 18, 2015
Thomas Ressler
The OCC’s language was not as strong as earlier reassurances from the CFPB that it would not be taking a “gotcha” or punitive approach when it commences with TRID examinations…
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Short Takes: Congress Turns Grinch on GSE CEO Salaries / A Disappearing Asset: GSE REO / VantageScore Sees Huge Gain in Orders / Two Harbors Adds Former RBC Vice Chair to Its Board

November 17, 2015
Paul Muolo and Carisa Chappell
At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…
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New Rez Will Issue $520 Million Non-Agency MBS Backed By 12-Year-Old Alt A Loans

November 17, 2015
Brandon Ivey
A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.
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