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More Stress Tests Await Next-Tier Ginnie Issuers

October 24, 2019
Paul Muolo
Stress testing issuers isn’t confined to just the largest players in the Ginnie market. The agency plans to look at lower-ranked firms as well.
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Excess Supply a Concern for Senior Housing Securitization

October 24, 2019
Yemeng Yang
Commercial MBS backed by retirement properties could see a rise in delinquencies due to excess supply in the senior housing market, according to a new report by Kroll Bond Rating Agency.
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SCOTUS to Hear CFPB Case; Anything Can Happen

October 24, 2019
Yemeng Yang
The Supreme Court has agreed to review a case challenging the constitutionality of the CFPB. Regardless of its decision, it likely will not be the end of the controversy surrounding the bureau’s leadership structure.
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Short Takes: Calabria Open to Wiping Out Shareholders / Compass Offers Bridge Loan Services / Snapdocs Hiring in Denver

October 23, 2019
Dennis Hollier and Yemeng Yang

Federal Housing Finance Agency Director Mark Calabria Tuesday raised eyebrows when he told the House Financial Services Committee during a hearing housing finance reform that he is open to wiping out the shareholders...


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Freddie Servicing Continues Growing Faster Than Fannie

October 23, 2019
John Bancroft

The Freddie Mac single-family servicing market grew roughly three times as fast as the Fannie Mae market during the third quarter, according to a new Inside the GSEs analysis.


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Negative MSR Marks a Problem in 3Q19? You Bet

October 23, 2019
Paul Muolo

Banks began reporting third quarter results and, as might be expected, negative servicing marks were quite noticeable.


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Industry Supports FDIC's Proposed Change to RMBS Disclosures

October 23, 2019
Yemeng Yang

Mortgage industry groups largely support a proposal by the Federal Deposit Insurance Corp. that would ease disclosure requirements for privately-placed non-agency residential MBS.


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Banks Package GSE-Eligible Loans in Non-Agency MBS

October 23, 2019
Brandon Ivey

JPMorgan Chase Bank and Flagstar Bank are separately issuing MBS backed by mortgages eligible for sale to Fannie Mae and Freddie Mac.


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Short Takes: Flagstar 3Q Production / GSE Reform Testimony Commences / Falling Existing Home Sales / QM Rule Suggestion / New Hires at Promontory MortgagePath

October 22, 2019
Yemeng Yang

Flagstar Bancorp originated $9.3 billion home mortgages in the third quarter, posting a net profit of $63.0 million, according to figures released Tuesday morning ...


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A Decline in CFPB Mortgage Complaints. Applications the Exception

October 21, 2019
Yemeng Yang

The nation’s largest lender/servicer Wells Fargo drew the most gripes, with Mr. Cooper and Ocwen Financial, finishing second and third respectively.


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