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Banks, Thrifts Report Record Low in Mortgage Repurchases

July 8, 2015
John Bancroft
Mortgage repurchase volume fell 9.5 percent from the fourth quarter and it was down 12.3 percent from the first three months of last year.
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Stonegate Expands Direct-to-Consumer Unit in Arizona

July 8, 2015
Sherry Muolo
Stonegate has grown from 400 employees in 2012 to about 1,300 currently.
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FHFA Maintains ‘Cone of Silence’ on Captive Insurers and FHLB Membership

July 8, 2015
Paul Muolo
Dave Stevens, president of the Mortgage Bankers Association, said he doesn’t know which way the FHFA will decide on the topic...
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Common Securitization Solutions Unveils Industry Advisory Board; First Meeting Next Monday

July 8, 2015
Carisa Chappell
CSS identified the trade group advisors by organization, but not by their individual names.
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Investors Keeping MBS – For Now? Worries About Greece, China, PR?

July 7, 2015
Paul Muolo
The highest reading of the year came in January, $245.9 billion, a time when interest rates were still declining.
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FHA Sets Deadline for Filing Claims, Revises Reimbursement Policy

July 7, 2015
George Brooks
Since the housing crisis, the mass filing of claims has placed a huge strain on resources at the FHA.
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Short Takes: Is SF in a Housing Bubble? / If You’re Going San Francisco, Bring Lots of Money for that Hotel Room / Some Think It’s Easy to Get a Mortgage / Rates Fall / BOK Hires Fifth Third Executive to Head Mortgage Unit

July 7, 2015
Paul Muolo, Sherry Muolo, and Carisa Chappell
According to a new consumer survey from Fannie Mae, 63 percent of consumers think that now is a good time to buy a home, tying a survey low...
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Wingspan, Specialty Servicers Felled by Falling Delinquencies

July 7, 2015
Paul Muolo
In short order, Wingspan faces a dilemma that many of its peers are facing: rapidly improving real estate values are snuffing out delinquencies and draining the supply of problem loans.
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Treasury Faulted for Not Following Cost-Benefit Analysis When Making Changes to HAMP

July 7, 2015
Brandon Ivey
The GAO analyzed changes to HAMP implemented in October and beyond, including extending performance incentive payments to borrowers...
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Regulatory Panic Over Nothing: Nonbank Servicing Share Nowhere Near Peak

July 7, 2015
Brandon Ivey
The most recent regulatory foray has come from the Conference of State Bank Supervisors, which formed the Mortgage Servicing Rights Task Force to develop standards for nonbank servicers...
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