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Computershare Poised to Buy Servicing Rights as M&A Predictions Accelerate. Asset Sales Preferred?

October 25, 2018
Computershare Loan Services has a message for the residential finance sector: If you’re looking to sell mortgage servicing rights, CLS wants to talk to you.
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CFPB Considers Disparate-Impact Rulemaking That Attorneys Say Could Have Significant Impact

October 25, 2018
The Consumer Financial Protection Bureau hinted at possible future rulemaking on the use of the disparate-impact theory under the Equal Credit Opportunity Act. Attorneys said it would be a significant development in fair lending law.
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First-Time Homebuyers Start to Favor Conventional Loans with Mortgage Insurance Over FHA Loans

October 25, 2018
First-time homebuyers are now choosing conventional loans with private mortgage insurance more than FHA loans, according to researchers at Genworth Mortgage Insurance. The shift took place in the second quarter when, for the first time, loans with private MI became the leading product for FTHBs.
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Private MIs Push for More Transparency In GSE Pricing and Underwriting Processes

October 25, 2018
The Trump administration should make the capital framework, pricing and underwriting standards of Fannie Mae and Freddie Mac more transparent and available to the public, according to the U.S. Mortgage Insurers, a trade group representing five of six private MIs.
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Fed’s Beige Book: Rising Demand for Mortgages? A Slowdown for Dallas

October 25, 2018
Yemeng Yang
In contrast, Dallas has seen slowing demand for real estate loans...
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Short Takes: HUD Chief on GSE Reform / Carson’s Sober Take on Interest Rates / New Rez’s MSR Bet Paying Off? / In Love with a 4 Percent Mortgage / Incenter Executive Leaves for Blue Water

October 25, 2018
Paul Muolo
HUD Secretary Ben Carson had some sobering thoughts about low interest rates...
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Ginnie Mae EVP Maren Kasper: Prepays are Still a Big Problem

October 24, 2018
Paul Muolo
A growing concern that foreign investors might avoid Ginnie MBS?
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Jumbo-Conforming Spread Closer than Perceived

October 24, 2018
Brandon Ivey
During the financial crisis, average interest rates on conforming mortgages were much lower than rates on jumbos…
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Industry Consultant Dave Lykken: Fourth Quarter will be a ‘Blood Bath’

October 24, 2018
Paul Muolo
Rick Roque, managing director of Menlo Company, sees tough times ahead as well...
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Trouble Brewing? FHA and VA Delinquencies on the Rise

October 24, 2018
John Bancroft
No wonder Ginnie Mae Acting President Michael Bright is nervous: Short-term default rates showed the biggest increases…
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