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White House Names Interim CFPB Director: Uejio

January 21, 2021
Lisa Burden

Uejio first started at the bureau in 2012. He has held several positions with the agency, including lead for talent acquisition.


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Mortgage Production Cools Off at Flagstar in 4Q20

January 21, 2021
Brandon Ivey

Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending...


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Short Takes: Coming (Sort of) Soon: A 30% Market Share for Loan Brokers? / Still Hiring / Another Milestone for Broker Employment / FHFA Stays Busy

January 20, 2021
Paul Muolo and Dennis Hollier

According to figures compiled by the U.S. Bureau of Labor Statistics, loan brokerage firms now employ 109,800 full-timers...


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Mortgage Lending, Profits Fall at U.S. Bank

January 20, 2021
Paul Muolo

Mortgage banking earnings fell to $478 million at the Minneapolis-based bank from $543 million in the third quarter...


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The Winners of Quicken’s $25B MSR Portfolio: Ocwen and Freedom

January 20, 2021
Paul Muolo

Also, Guaranteed Rate peeled off a $13 billion chunk of receivables...


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Non-Agency MBS Shrivels Up in 4Q20

January 19, 2021
Brandon Ivey

Some $7.29 billion of non-agency MBS was issued during the fourth quarter, down 41.5% on a sequential basis.


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Ocwen-CFPB Mediation Fails, Servicer Hikes Legal Reserves

January 19, 2021
Lisa Burden
In anticipation of a resolution, Ocwen Financial increased its legal and regulatory accrual related to the CFPB matter by $13.1 million in the fourth quarter of 2020.
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GNMA PTAP Program Headed for the Sunset

January 19, 2021
Maria Volkova

To the surprise of some, the program wasn’t heavily used by nonbank MBS issuers...


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A Small Mortgage (Production) Gain for Bank of America

January 19, 2021

BofA, which ranked 10th in Inside Mortgage Finance’s third quarter ranking, funds loans through only one channel: retail. Home-equity lending also took a hit: $469.0 million compared to $984.0 million in the third quarter.


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VA Cements Its Standing as the ‘King’ of Ginnie MBS

January 18, 2021
John Bancroft

In January of last year, the flow of VA loans into Ginnie MBS exceeded the volume of FHA loans, a trend that culminated in December, when VA accounted for 57.0% of monthly issuance.


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