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Grapevine: loanDepot, Takeover Bait? / Calabria Drops a Bombshell

May 19, 2022
Paul Muolo and Dennis Hollier
With some mortgage companies trading below their liquidation value, is now the time to stage a takeover? It depends. Meanwhile, former FHFA Director Mark Calabria this week broke his silence on what may lie ahead for Fannie Mae and Freddie Mac.
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Former FHFA Chief Sees a GSE Insolvency at ‘Some Point’

May 18, 2022
Dennis Hollier
Calabria also believes Treasury’s ability under HERA to come to the rescue of the enterprises probably ended in 2009...
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Applications Skid 11% but Some Shops Beat the Odds

May 18, 2022
It was the first negative reading from the trade group in three weeks.
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Jumbo Servicing Balances Up Slightly in 1Q22

May 18, 2022
Brandon Ivey
JPM's jumbo servicing portfolio declined 2.6% to $199.42 billion during the first quarter...
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Downgrades for loanDepot on Warehouse Deals

May 17, 2022
Brandon Ivey
Moody's had raised concerns about the concentration of “wet loans” in the securitizations...
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CFPB Expanding its Reach Among Nonbank Entities

May 17, 2022
Sam Manas
The CFPB plans to review nonbanks for potentially unfair, deceptive or abusive acts or practices...
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Purchase Mortgages Prop Up Ginnie Issuance in April

May 17, 2022
Monica Hogan
In April, the top three GNMA issuers were PennyMac Financial, Freedom Mortgage and Rocket Mortgage...
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MBA Chief: Recent LLPA Changes ‘Doing More Harm Than Good’

May 16, 2022
Paul Muolo and Dennis Hollier
Broeksmit said MBA “strongly favors a robust private market"...
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Commercial MBS Issuance Falls Back to Earth in 1Q22

May 16, 2022
John Bancroft
The non-agency CMBS sector took the biggest hit...
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CFPB: 330,000 Borrowers Left Forbearance but Were Still Delinquent

May 16, 2022
Sam Manas
One class of borrowers affected the most: those with limited English proficiency...
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