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The Mortgage Employment Bonanza Continues. Signs of Easing? Nope

June 11, 2021
Paul Muolo
Need more workers to staff your shop? You're not alone...
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REITs Rein in Agency MBS in 1Q21, But a Slight Uptick for Non-Agency

June 11, 2021
John Bancroft
However, the group did post a 1.9% increase in its investment of non-agency MBS, boosting aggregate holdings to $7.07 billion.
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Student Loan Refis: A Market Residential Lenders Should Tap?

June 11, 2021
Paul Muolo
In an interview with Inside Mortgage Finance, CampusDoor Chief Executive Officer Steve Winnie declined to say exactly what the new rate might be, but offered up this ray of hope: “We’ll be competitive.”
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Repurchases Spike Higher in Bank Mortgage Bank Units

June 11, 2021
John Bancroft
Most of the industry's big increase in first-quarter repurchases came from USAA Federal Savings Bank. (Includes data chart.)
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Experts Cite Pitfalls of Self-Reporting Violations

June 11, 2021
Lisa Burden
The Trump-era CFPB maintained that self-reporting is responsible business conduct. But is it a prudent move? Attorneys weigh in.
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Suddenly Expendable: Correspondent Lending Platforms?

June 10, 2021
Paul Muolo
Lenders with correspondent networks that buy already-funded mortgages (agency or otherwise) are pondering their sale options.
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MBS Prepayment Speeds Continue to Decline. However...

June 10, 2021
Paul Muolo
Prepayment speeds are dropping on agency MBS but there could be choppy waters ahead on VA IRRRLs. For now, VA is staying quiet.
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Agencies Lag Behind in 1Q21 Jumbo Mortgage Lending

June 10, 2021
John Bancroft
All things equal, "agency" jumbo volume might be expected to grow when loan limits are raised.
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Departures in Texas Capital’s Warehouse Group

June 10, 2021
Paul Muolo
On the way out, via his retirement, is veteran Jack Nunnery, who will be replaced by one of his lieutenants, Madison Simm. Nunnery has been with TCB for 14 years...
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Appraisers to White House: You’ll Destroy the Profession

June 10, 2021
Maria Volkova
Appraisal professional Mike Ford: “We’re not permitted to consider the race of the residents, their sexual orientation, their age or their gender.”
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