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Short Takes: More Relief from FHA? / Another Mortgage Co. Purchase by Blackstone? / MBA Less Bullish About 2016 / CFPB Unearths Dual-Tracking / A New Prez for Flagstar’s Mortgage Unit

June 23, 2015
Paul Muolo and Sherry Muolo
Apparently, the Blackstone Group recently closed on yet another mortgage company purchase...
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Surprise (Sort of): Fannie Mae Makes DU Free, Plans to Introduce New Loan Delivery System

June 23, 2015
Carisa Chappell
Early this month, when Freddie Mac made it automated systems free, Fannie said it would not follow in Freddie’s footsteps...
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Jeff McGuiness Stepping Down as Head of Lenders One Network

June 23, 2015
Paul Muolo
Dan Goldman, vice president of sales, has been selected as the interim leader of Lenders One.
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Aggregators Push Buyback Risk to Originators

June 23, 2015
George Brooks
And these very same aggregators have made demands of the retail funders they bought the loans from in the first place
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REO-to-Rental Business Making Problems for First-Time Homebuyers?

June 23, 2015
Brandon Ivey
The CRC believes the pool of aspiring homeowners does not have affordable financing options comparable to the liquidity provided to investors that are buying up homes en masse...
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Short Takes: Waiting for the Supremes; Grilling the CFPB; Nationstar Litigation

June 22, 2015
SCOTUS Watch: We’re still waiting for the Supreme Court to issue its disparate-impact ruling in Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc. The central issue here is whether disparate-impact claims are cognizable under the Fair Housing Act. A decision could come any day, so stay tuned… …
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GSEs Face Challenges and Risks, FHFA Report Shows

June 22, 2015
Carisa Chappell
Fannie Mae and Freddie Mac have made progress in improving their corporate governance structure and managing credit risk, but they still face significant headwinds, according to the FHFA’s annual report to Congress.
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2Q Could Bring Mixed Results for Mortgage Banks

June 22, 2015
Thomas Ressler
Analysts at Compass Point Research & Trading said in a client note Monday that the second quarter should be a relatively strong one for mortgage originators/servicers.
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Fannie Mae Planning a Dallas Downsize

June 22, 2015
Carisa Chappell
Fannie Mae is looking to reduce its footprint in the Dallas region as the number of mortgage delinquencies continues to decline. The GSE’s southwestern regional office at the International Plaza II includes more than 400,000 square feet of office space spread out among three buildings.
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Supply of Residential MBS Dipped, Bank Share Expands

June 22, 2015
John Bancroft
The outstanding supply of single-family MBS declined 0.7 percent during the first quarter of 2015, according to a new Inside MBS & ABS market analysis. But that didn’t stop commercial banks from continuing to increase their holdings.
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