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HomeStreet Investors Criticize the Bank’s Mortgage Business

December 6, 2017
Brandon Ivey
The investor was also critical of HomeStreet’s efforts to expand its footprint beyond the Pacific Northwest…
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Short Takes: DoubleLine Eyeing Non-QM Sector / Connecticut Lender Attempts ‘12 in 12’ / Sen. Warren Worries about OMB Staffers Embedded at CFPB / English Gets to Keep Her Regular Job, for Now / A Promotion at LoanLogics

December 6, 2017
Paul Muolo and Thomas Ressler
Sen. Elizabeth Warren wants a complete list of OMB staffers who have been detailed to the CFPB by Mulvaney...
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Senate Banking Committee Advances Reg Relief Bill With Substantial Mortgage Reform

December 6, 2017
Thomas Ressler
Can it be? A bi-partisan reg relief measure that helps the mortgage industry?
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Production, Servicing Profits Up in 3Q17

December 6, 2017
John Bancroft
Servicing income rose 1.5 percent during the third quarter, although five of the 12 companies reported declines and one of them – PHH Mortgage – posted a loss.
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Redwood Unveils Expansion Plans: Funding Nonbanks and Lending on Investment Properties

December 6, 2017
Brandon Ivey
Redwood: “We will offer new ways for these [nonbank] sellers to optimize their capital bases…”
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Since the Summer, a Sweet Rally for Fannie Mae, Freddie Mac Common. Meaning?

December 6, 2017
Paul Muolo
Investor Pershing Square Capital should be happy. The firm owns roughly 9.98 percent of Fannie common and 9.77 percent of Freddie.
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A Small Gain for Warehouse Lending in 3Q17, but Providers Nervous About Lower Usage Rates

December 5, 2017
Paul Muolo
Overall, consultant Larry Charbonneau described warehouse lending as “still a great business.”
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The Nonprime Revival Continues: MBS Issuance Could Triple in 2018

December 5, 2017
Brandon Ivey
The issuance figures suggest that investors are gaining comfort with the non-QM asset class…
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Mortgage Banking Earnings Declined for Depositories in 3Q17

December 5, 2017
John Bancroft
Wells Fargo reported a huge drop in mortgage banking income, but the rest of the top five banks all posted increased earnings from their operations…
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Ocwen, Nationstar Reach Separate Settlements on Various Servicing-Related Issues

December 5, 2017
Brandon Ivey
But news of the settlements wasn’t doing much for their stock prices. Both were down slightly on the day.
Read More
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