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FHFA May Seek Industry Input on G-Fee Hike

April 23, 2014
Paul Muolo
In January, newly sworn-in FHFA Director Mel Watt officially delayed a GSE guaranty fee increase that had been scheduled by his predecessor Edward DeMarco.
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Pingora’s MSR Investments Top $13 Billion

April 23, 2014
Paul Muolo
Company Chief Executive Michael Lau noted that Pingora is taking in roughly $2.5 billion a month through “flow” arrangements.
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HUD Chief: ‘Inaction Simply Not an Option’ on GSE Reform; Rumors of a Delay?

April 23, 2014
Charles Wisniowski
Sources tracking the bill’s progress believe that if those votes cannot be lined up in time, then next week’s markup could be delayed by a few days.
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MGIC Posts Strong Earnings, Stock Jumps 7 Percent

April 22, 2014
Paul Muolo
According to figures compiled by Inside Mortgage Finance, MGIC ranks second nationwide in terms of MI policies-in-force. Only Radian ranks higher.
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Short Takes: Ethos To Fund Loans in Colorado / Lawsky Wonders Aloud On Why Ocwen Does Not Love NY Realtors / Jumbo MBS Bust This Year? / Garrett Warns on CFPB / FHFA To Collect More Borrower Info

April 22, 2014
Paul Muolo, Thomas Ressler, Brandon Ivey, and Charles Wisniowski
The FHFA shortly will begin to collect additional, more specific and personal information on borrowers and loans as part of the National Mortgage Database project the agency launched with the Consumer Financial Protection Bureau.
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First Quarter Mortgage Complaints to CFPB Take a Huge Drop

April 22, 2014
Thomas Ressler
The strong improvement from last year was driven largely by a 46.8 percent plunge in grievances about loan modifications.
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Servicing Deal Makers Say MSR Market is Not Frozen

April 22, 2014
Paul Muolo
However, a new research report from Sterne Agee notes: “We see the DFS as the primary log jam on the servicing transfer front.”
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Ocwen Investors Getting Concerned About Latest Lawsky Probe?

April 22, 2014
Brandon Ivey
Some stakeholders said they called the firm’s investor relations department about the latest probe and were told the firm would be saying more about the matter when it reports first quarter earnings.
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RMBS Prepays Approaching Post-Crisis Low

April 22, 2014
Thomas Ressler
The conditional prepayment rate for prime jumbo, Alt-A and subprime loans dropped to 14.7 percent, 10.3 percent and 8.8 percent, respectively, in the first quarter of 2014, according to the ratings service.
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Short Takes: CFPB Releases Guide to RESPA and TILA Disclosure Forms/Fannie Forecasts Accelerated Economic Growth in 2Q 2014/FHFA 2014 Scorecard ‘Soon’/Congress Remains in Recess This Week

April 21, 2014
Thomas Ressler and Charles Wisniowski
ICYMI: Late last week, the Consumer Financial Protection Bureau released its guide to completing its integrated disclosure forms under the Real Estate Settlement Procedures Act and the Truth in Lending Act.
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