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Four Years In, Non-QM Market Struggles to Amass Volume

January 18, 2018
Thomas Ressler
Authoritative numbers on the size of the non-QM space are difficult to come by.
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FHFA Chief Unveils Agency Views on GSE Reform, Worries About Having Too Many ‘SMEs’

January 18, 2018
Paul Muolo
Watt and his staff do not want taxpayers to foot the bill for failing mortgage guarantors…
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CFPB Chief Wants to Make Sure Consumers are Protected and Companies Aren’t Misteated

January 18, 2018
Thomas Ressler
The first RFI from the CFPB will be on Civil Investigative Demands, which are issued during an enforcement investigation.
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Short Takes: Freddie Mac, an Actual Lender? / GSEs Working to Revise MI Rescission Relief Policies / The Last Time I Saw Richard / MIAC Selling $71MM of RPLs / Movement Hires Chief Credit Officer

January 17, 2018
Paul Muolo and Thomas Ressler
Fannie Mae and Freddie Mac are working with the nation’s mortgage insurance firms to revise rescission relief principles...
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In 4Q17, A Sharp Increase in Prime Jumbo MBS, and Expanded-Credit Deals

January 17, 2018
Brandon Ivey
Expanded-credit MBS – which include loans with alternative documentation, non-qualified mortgages and nonprime loans – hit $4.08 billion in 2017…
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Oh Carol! Former FHA Chief’s Plan to Restructure the Government MI Garners Mixed Reviews

January 17, 2018
George Brooks
Galante is a former FHA commissioner who presently serves as faculty director of the Terner Center for Housing Innovation at the University of California Berkeley. She also sits on the board of Ocwen Financial.
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A Slight Production Decline for BofA in 4Q17, but MB Profits Take a Hit

January 17, 2018
Paul Muolo
According to figures compiled by Inside Mortgage Finance, BofA ranked sixth among first lien lenders in the third quarter, but U.S. Bank isn’t too far behind in the number seven spot.
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HUD Secretary Carson Sets Up ‘Order of Succession’ at Ginnie Mae. First Up: Michael Bright

January 17, 2018
Paul Muolo
The Trump White House was slated to nominate mortgage banker David Kittle to head the agency but back in November he grew tired of waiting and withdrew his name from consideration.
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New Residential to Raise $440 Million Via Stock Sale. More Acquisitions Ahead?

January 17, 2018
Paul Muolo
The REIT has a current market cap (share price multiplied by number of units outstanding) of $5.27 billion.
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Short Takes: GSE Reform, Yes. Passage? No / Galton’s Return to Nonprime / Citi’s Incredibly Shrinking MSR Portfolio / Legislative Reg Relief On the Way? / English Wants Expedited Review in CFPB Appeal

January 16, 2018
Paul Muolo, Thomas Ressler, and Brandon Ivey
GSE reform may emerge from the Senate Banking Committee, but as for final passage...
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