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Consumer Complaints Up 3.8 Percent in 2018. Mortgage Gripes Tank

January 15, 2019
Yemeng Yang
Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...
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Short Takes: Worrying About What Mark Calabria Might Do / Ever Seated? / A Price War Brewing in Non-QM? / Tim Anderson’s Blockchain Job / Freddie Gets a New General Counsel

January 15, 2019
Paul Muolo and Dennis Hollier
We understand a bit of a price war may be brewing in the non-QM market...
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Retail Channel Continues to Lose Market Share as Correspondent Surges

January 14, 2019
John Bancroft
Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...
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Hedging Losses Likely for Fannie and Freddie in 4Q18?

January 14, 2019
Paul Muolo
The more exaggerated the rate moves, the greater the gain or loss.
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Redwood Set to End Lull in Prime Non-Agency MBS

January 14, 2019
Brandon Ivey
The Redwood transaction is set to close Jan. 17…
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Citigroup Sees Retail Residential Production Drop by Almost 15 Percent

January 14, 2019
Paul Muolo
Compared to the same period a year earlier, retail loan production fell by 23.3 percent at Citigroup...
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Short Takes: Shutdown Having Minimal Impact on Mortgages? / Housing Market Slowing / AMC Acquires Meridian Asset Services / Broker Startup Launches

January 14, 2019
Brandon Ivey
The IRS resumed providing income verification services a week ago and the agency expected to catch up on volume...
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CFPB Assesses ATR/QMs, ‘GSE Patch’ and Servicing

January 14, 2019
The CFPB, in an assessment report last week, underscored the need to resolve the status of the temporary government-sponsored enterprises “patch” under the ability-to-repay and qualified mortgage rule.
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CFPB Issues Rules on Public Release of Loan Data in 2019

January 14, 2019
The CFPB has restricted public disclosure of certain mortgage data collected by lenders in 2018 under the Home Mortgage Disclosure Act.
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Industry Says CFPB Should Protect Consumer Data

January 14, 2019
The CFPB should take steps to limit the data collection burden on industry and protect data security, industry groups said in response to a request for information regarding data collections.
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