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Ginnie Adds LMI Data Disclosure for MBS Pools

February 16, 2023
Monica Hogan
FHA and VA are collaborating with Ginnie Mae on new low- to moderate-income disclosures for MBS pools to help investors meet environmental, social and governance mandates.
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Octane’s Latest Powersport ABS Receives AAA Ratings

February 16, 2023
Brandon Ivey
S&P has assigned AAA ratings to the latest ABS from Octane Lending. The deal is stocked with loans on various powersports vehicles, such as ATVs.
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Rocket in Search of CEO as Farner Announces Retirement

February 16, 2023
Brandon Ivey
Following Jay Farner’s surprise move to retire, the mortgage company has retained a “leading firm” to consider both internal and external candidates for the CEO position.
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Fannie Profits Decline by $1B in Fourth Quarter

February 16, 2023
Dennis Hollier
Loss provisions and declining volumes spell lower profits going forward. However, Fannie’s capital requirements remain elevated.
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Supply of MSRs for Sale Expected to Remain Elevated

February 16, 2023
Brandon Ivey
MSR sales hit a record in 2022 and even more sales are expected both this year and in 2024. The jump in supply is presenting investors with attractive opportunities.
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Strauss’ Mortgage Background Comes Back to Haunt Him

February 16, 2023
Sam Manas
The license for the new mortgage lending company of Michael Strauss, the former president of now-shuttered Sprout Mortgage, has been suspended by the Illinois Department of Financial and Professional Regulation.
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Housing Outlook to Improve in 2023, Says Harvard Expert

February 16, 2023
Monica Hogan
Potential homebuyers may be adapting to higher interest rates and could gravitate back to the housing market as rates have fallen recently, according to Harvard Joint Center for Housing Studies’ Chris Herbert.
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Ohio Environmental Mishap Poses Housing Questions

February 16, 2023
Monica Hogan
Mortgage servicers and housing officials should be prepared for an uptick in delinquencies following the toxic train derailment in East Palestine, OH.
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Grapevine: Select Portfolio Servicing Update; 203(k) Revisions?

February 16, 2023
Brandon Ivey and Dennis Hollier
Apollo isn’t buying Select Portfolio Servicing from Credit Suisse; FHA seeking suggestions for changes to rehabilitation program; Hsieh’s fishing dream; mortgage fraudster sentenced to 10 years in prison.
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Non-Agency MBS Servicing Lead Widens for Shellpoint

February 16, 2023
Brandon Ivey
Shellpoint Mortgage Servicing boosted its role as the leading servicer of loans in non-agency mortgage-backed securities late last year...
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Latest Imf News

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Featured Data

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