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CFPB Decides to Cut Mortgage Servicers Some Slack for Three Days

June 28, 2017
Thomas Ressler
The Bureau says it understands the industry’s concerns…
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NAR Asks FHFA to Allow GSEs to Build Capital; Treasury and Panels Get CC’d

June 28, 2017
Paul Muolo
Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.
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Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie

June 27, 2017
Paul Muolo and George Brooks
We kid you not: Home loans from a firm called Homie...
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IO Originations Decline in First Quarter 2017

June 27, 2017
Brandon Ivey
PHH Mortgage and Chase both played a role in the decline of IO originations.
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Captive Insurers (REITs) Would Stay in the FHLB System if House Bill Becomes Law

June 27, 2017
Carisa Chappell
If the bill becomes law, REITs that gained access to low-cost FHLB advances would get a reprieve.
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Poll: Industry Wants Fannie and Freddie Preserved with ‘Existing Operations’

June 27, 2017
Paul Muolo
Just 18 percent of respondents said they do not want the GSEs preserved in their current state...
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Cordray Gone By Year End? Who Will Replace Him?

June 27, 2017
Thomas Ressler
If Trump names a top GOP lawmaker to head the CFPB it would leave open another House or Senate seat…
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Mark Filler Racks up $1 Billion from Investors, Has Plans for F&F, Broker Lending and More

June 27, 2017
Paul Muolo
Filler was named CEO of Finance of America Commercial, but departed after roughly two months.
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MBA Asks Supreme Court to Rule in Favor of Employment Agreements with Class-Action Waivers

June 26, 2017
Brandon Ivey
The trade groups argued that the interpretation that employees have a right under the NLRA to engage in class or collective litigation is “dubious at best.”
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Short Takes: CFPB Seen as Limited by Election Results; Many Factors Contributing to Looser Underwriting; Outlook on Demand for Agency MBS

June 26, 2017
Brandon Ivey
The Consumer Financial Protection Bureau has largely been “defanged” in the aftermath of 2016 elections, according to analysts at FBR Capital Markets.
Read More
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