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CFPB Chief Cordray Continues to Defend ‘Rate Checker’ Tool

March 11, 2015
Thomas Ressler
The CFPB seems to be spending quite a bit of time defending its "rate checker" tool, which is still in beta testing.
Read More

Solutions to the LO Overtime ‘Problem’ Being Weighed

March 11, 2015
Paul Muolo
When it comes to mortgage overtime, management might just say "no."
Read More

New Entrant to Mortgages A Bit Unusual: A Buyer of Lottery Winnings

March 11, 2015
Paul Muolo
A major cross-selling opportunity? A report from Credit Suisse notes that, “Every month, JGW receives over 60,000 inbound calls from consumers…”
Read More

Two Harbors Sticks with Plain Vanilla for its Latest Jumbo MBS

March 11, 2015
Brandon Ivey
NYCB Mortgage Co. is the top contributor to the jumbo MBS with a 13.5 percent share.
Read More

FHA Lending Down Slightly in January; Quicken Out-Funds Wells Again

March 11, 2015
George Brooks
Universal American Mortgage posted the highest FHA growth rate at 161 percent...
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Supreme Court Rules in Favor of Loan Officers in Overtime Pay Case

March 10, 2015
George Brooks
The Supreme Court ruling could cost mortgage bankers a bundle in terms of overtime pay. Or maybe not...
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Non-Agency MBS Outstanding Increased in February. What?

March 10, 2015
Brandon Ivey
The increase was a rare occurrence: Since 2009 the balance of non-agency debt outstanding has been on the wane.
Read More

Fannie Mae’s Chief Risk Officer Takes Leave of Absence

March 10, 2015
Paul Muolo
Fannie Mae provided no additional information on the departure, which sounds temporary in nature.
Read More

Short Takes: No Future for Common Shareholders of Fannie and Freddie? / DocMagic Furthers Electronic Closings / BofA MBS Settlement Gets One Green Light / Stonegate Hires Someone with Cha-Cha Experience

March 10, 2015
Paul Muolo and Brandon Ivey
KBW, by the way, has set a $1 per share price target for both Fannie and Freddie.
Read More

An Onslaught of Legislation to Change the CFPB? QM a Target

March 10, 2015
Thomas Ressler
Bills are expected to include provisions such as providing “qualified mortgage” status for many portfolio loans, with a much broader impact than the CFPB’s recent proposal.
Read More
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