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MVFS Offering $1.6 Billion of GSE Bulk MSRs

August 30, 2018
Paul Muolo
In an interview this month, MVFS Executive Vice President Mark Garland described the MSR auction market as “very, very strong…”
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What’s Going on with the FHA’s ‘Defect Taxonomy’? Answer: Not Much

August 30, 2018
George Brooks
Despite calls by the industry to improve and clarify the process, the FHA has yet to make a move to meet industry demands for a more detailed defect taxonomy…
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Short Takes: Federal Help for the Gig-Worker Mortgage Market? / New SBC Programs from Silver Hill / Consultant Roque: LO Pay Isn’t Being Cut Quickly Enough / Fairholme: Fannie and Freddie are So Undervalued / A New Customer Service VP for RoundPoint

August 30, 2018
Paul Muolo
According to industry consultant Rick Roque, residential originators are not lowering loan officer compensation quickly enough...
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More Lenders View Non-QMs and EC Mortgages as a Viable Option

August 29, 2018
Brandon Ivey
Angel Oak and Citadel Servicing, two of the larger originators of expanded-credit products, each increased production by more than 30.0 percent from the first to the second quarter.
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MBA’s ‘Profit’ Took a Hit in FY 2017, but Assets Increased by Almost 10 Percent

August 29, 2018
Paul Muolo
MBA listed compensation for “current officers, directors, trustees and key employees” at $6.0 million for fiscal year 2017. It was $7.1 million the year prior…
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Gateway Mortgage Founder, a Trump Supporter, Wins GOP Primary in Oklahoma

August 29, 2018
Brandon Ivey
The Gateway Mortgage founder won the Republican primary with 54.6 percent of the vote.
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Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint

August 29, 2018
Brandon Ivey and Paul Muolo
Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray.
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Bank ABS Investment Rebounds in 2Q18

August 28, 2018
John Bancroft
In fact, bank ABS investment began to taper off at about the same time the supply of ABS outstanding began to grow again.
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More M&A Activity Ahead for Celebrity Financial?

August 28, 2018
Paul Muolo
Celebrity’s Robnett hinted that a third acquisition could be revealed by October.
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CBO: U.S. Cost to Guarantee $12 Trillion in GSE MBS Over the Next 10 Years: $19 Billion

August 28, 2018
Paul Muolo
CBO projects that under current law, the share of new single-family mortgages guaranteed or held by Fannie and Freddie will slowly recede…
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