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loanDepot Employees Discuss the Amazon Rumor. But is it True? CEO Calls it a ‘Good One’

June 21, 2018
Paul Muolo
If the deal comes off, loanDepot employees will receive free Amazon Prime accounts…
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Servicing Advisors Worry about the Role Being Played by Fannie and Freddie in ‘Flow’ Market

June 21, 2018
Investment bankers that make a market in flow servicing rights increasingly are worried about the role Fannie Mae and Freddie Mac play in the space and are beginning to wonder if the two government-sponsored enterprises are creeping beyond their charters.
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The Bank Retreat from the MSR Market Begins to Slow

June 21, 2018
John Bancroft
Also, credit unions and thrifts both increased their MSR holdings...
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JPM to Issue one of the Largest Post-Crisis Prime Non-Agency MBS Deals

June 21, 2018
Brandon Ivey
KBRA assigned preliminary AAA ratings to the MBS with credit enhancement of 6.00 percent on the senior tranche.
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Conservatives Rallying Against the CFPB Nominee?

June 21, 2018
Yemeng Yang
Law professor J.W. Verret on Kathy Kraninger: “She doesn’t have experience with financial markets…”
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Short Takes: Wholesale Profit Margins Under Pressure Too? / Commercial Bank Seeks MB / A New IO MBS from JPM / An Update on Ex-FGMC CEO Peters / New Hires for Two Harbors, Walker & Dunlop

June 20, 2018
Paul Muolo and Brandon Ivey
All of the loans in the new JPM deal were originated by First Republic Bank, with seasoning of seven years...
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Cowen: FHFA Chief Watt Won’t Act on a Capital Restoration Plan for the GSEs. However, Team Trump Might

June 20, 2018
Paul Muolo
But Cowen also offers up a ray of hope to GSE “recap and release” backers…
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Incenter and MIAC Out With Bulk MSR Auctions

June 20, 2018
Paul Muolo
The delinquencies on the MIAC package total 5.3 percent…
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Tight Profit Margins and Lower Originations Fuel Speculation on Company Closures

June 20, 2018
Paul Muolo
“I think we’re going to see a bunch more failures,” said Dan Perl, CEO and founder of non-QM lender Citadel Servicing…
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On the Ascent: Jumbo Servicing Balances

June 20, 2018
Brandon Ivey
One of the fastest growing jumbo servicers is Shellpoint Mortgage…
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