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OCC: Banks Face $131 Billion of Resetting HELOCs

July 1, 2015
Brandon Ivey
For most HELOCs, the OCC said the end-of-draw period means that monthly payments change from interest-only to amortizing...
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Fitch Ranked First in ABS Ratings During Early 2015

June 30, 2015
John Bancroft
Fitch raised its ABS rating share from 55.0 percent for all of 2014 to about the same level it had back in 2013.
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Experts Advise on How Best to Deal With Shifting Fair Lending Issues

June 30, 2015
Thomas Ressler
Many in the industry wonder why it appears that access to credit remains so tight, seven years after the last financial crisis.
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Jumbo Underwriting Standards: Yes, There’s Variety

June 30, 2015
Brandon Ivey
The rating service reviewed 70 aspects of underwriting, including minimum credit scores, loan limits, tax return standards and appraisal requirements.
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A Final Tally From the FHFA: Record G-Fees/LLPAs in 2014

June 30, 2015
Paul Muolo
Prior to the financial crisis and the government takeover of Fannie and Freddie, some seller-servicers had “strategic alliance” deals that allowed them to pay under 15 basis points in g-fees...
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Green Tree Corrects Servicing Settlement Issues, Ocwen Still Under Investigation

June 30, 2015
Brandon Ivey
Smith said his team has reviewed thousands of documents and interviewed at least nine Ocwen executives...
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Short Takes: So, Where’s the Rate Plunge? / MBS Prices? / CitiMortgage Fails a Servicing Metric / Pending Home Sales Bright / A New Hire for DocMagic

June 30, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
With Greece ready to crack up, it was thought that mortgage rates might plunge. But it hasn't happened yet...
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RoundPoint Buyer Walks, Firm Still Open to Offers

June 29, 2015
Paul Muolo
According to figures compiled by Inside Mortgage Finance, at March 31, RoundPoint serviced $46.88 billion in home mortgages.
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Due to Recent Data Breach, IRS Denies Some Lenders’ Request for Tax Transcripts

June 29, 2015
George Brooks
According to the RHS, the Internal Revenue Service action is meant to deter any fraud that might result from identity theft.
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Worth Noting

June 29, 2015
CFPB is Investigating Bankrate. Bankrate revealed recently that the CFPB has issued civil investigative demands to the company and certain employees in an effort to seek documents and answer questions relating to Bankrate’s quality control process for its online mortgage interest rate tables. The company has cooperated in responding to the CIDs, Bankrate said in a Form 10-K filing with the Securities and Exchange Commission. “The company received a communication from the CFPB inviting the company to respond to the CFPB’s identified issues in the form of a notice of opportunity to respond and advise during which the CFPB identified potential claims it might bring against the company,” the filing said. Bankrate said it has submitted a response that it ...
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