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JPM and First Republic Stick with ARMs in Jumbo MBS, Reduce Use of IOs

March 5, 2015
Brandon Ivey
JPM's latest jumbo MBS has strong underwriting characteristics, including an average combined loan-to-value ratio of 66.5 percent...
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Wall Street Veteran Mangiaracina Joins Impac; Focus Will be on ‘AltQM,’ More

March 5, 2015
Paul Muolo
At Impac, Mangiaracina will split his time between the nonbank’s headquarters in Irvine, CA, and New York where the company has just opened a new satellite office.
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Refi Bounce Not Enough to Compensate for Drop in Purchase Lending; Quicken Catching Up to Wells Fargo?

March 5, 2015
John Bancroft
Quicken Loans was the second largest refi lender in 2014 with $47.91 billion, according to exclusive figures compiled by Inside Mortgage Finance.
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Top-Producing Loan Officers Can Command Bonuses Upwards of $40K

March 4, 2015
Paul Muolo
The most aggressive bidders for high-performing mortgage loan officers are nonbanks, which have been steadily stealing market share away from the megabanks...
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More Details Leak Out on Ocwen’s $45B MSR Sale: Bifurcated Reps and Warrants

March 4, 2015
Paul Muolo
“If something goes wrong, Ocwen will be on the hook,” said this source. “But it’s really clean stuff.”
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Short Takes: JPM’s New Jumbo MBS Deal / Regulatory Hassles for ASPS / Altisource Asset Management’s $9 Million Man / CFPB Chief Continues to Defend the Rate-Tracker Tool

March 4, 2015
Paul Muolo, Thomas Ressler, and Brandon Ivey
Although George Ellison’s salary was not disclosed in the press release announcing his employment with the company, a subsequent filing provided details: $450,000 per year, another $450,000 in incentive bonuses...
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Ginnie Mae Facing Accounting Restatement Thanks to TBW Mess

March 4, 2015
George Brooks
Ginnie is currently managing TBW’s FHA portfolio and hopes to sell its Ginnie servicing rights sometime this year.
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CFPB to Fully Enforce ‘TRID’ When August 1 Rolls Around

March 4, 2015
Thomas Ressler
The nation’s top consumer regulator told lawmakers the bureau has already provided an extended implementation period of 21 months...
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When it Comes to Subprime Modifications, Little Evidence of Racial Discrimination

March 4, 2015
Brandon Ivey
The researchers said their data included seven of the 10 largest servicers based on market share.
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Although Fannie and Freddie are Shrinking, Staffing Levels Hold Steady

March 3, 2015
Brandon Ivey
Freddie had 4,957 full-time employees and 50 part-timers as of Feb. 5, down 2.1 percent compared to a year ago.
Read More
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