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At a Discount: Mortgage Underwriter Salaries

October 4, 2022
Paul Muolo
If you need a loan underwriter, plenty are available and at a reduced cost...
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Ginnie Expands Loan Buyout Authority Post Ian, Fiona

October 4, 2022
Monica Hogan
Ginnie Mae early this week expanded loan buyout authority to issuers to allow them to offer financial relief to borrowers affected by the recent hurricanes Ian and Fiona.
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CFPB's Chopra Reminds That Nonbanks Remain a Key Part of His Agenda

October 4, 2022
Sam Manas
Chopra said the CFPB must be the "financial first responders" if consumers are subjected to systemic abuse...
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Banks Boost 2Q22 MBS/ABS Held in Trading Accounts

October 4, 2022
John Bancroft
At midyear, bank holding companies valued their agency MBS held for trading at $219.07 billion...
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ARM Share Breaks Through the 12% Threshold

October 3, 2022
Brandon Ivey
The nation's top-three ARM lenders: Bank of America, Chase and Wells Fargo...
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Angel Oak Gets Line of Credit Extension

October 3, 2022
Paul Muolo
The facility was negotiated a few days ago through AOMI subsidiary Peachtree Mortgage....
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FHA Seeks Industry Feedback on Low-Balance Lending

October 3, 2022
Monica Hogan
FHA’s Title II program provides limits on the maximum loan amount but doesn’t set a floor...
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CMBS Valuation Practices Face Scrutiny in Wake of Trump Lawsuit

October 3, 2022
Brandon Ivey
The NY AG makes numerous allegations regarding property valuations, including on a loan that went into a commercial MBS.
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Brokers Gain Market Share in Government-Insured Lending

September 30, 2022
Monica Hogan
FHA/VA originations decreased in the second quarter though lending was up in the broker channel. PennyMac, the top government loan originator, saw declines across all three production channels. (Includes data chart.)
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Cash-Out Deals Take Over FHA Refi Market in 2022

September 30, 2022
John Bancroft
New FHA loan applications and endorsements have been declining steadily since hitting peaks in late 2020, and cash-out refinances make up a growing share of the market.
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