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Nationstar Executives Jerry McCoy and Caitlyn DeYoung Departing; Others?

June 10, 2015
Paul Muolo
McCoy works in Nationstar’s servicing department, DeYoung in administration.
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Nationstar Launches Revamped Online Home Buying Platform, Seen as a Way to Help Increase Originations

June 10, 2015
Brandon Ivey
In recent years there has been speculation that Nationstar would spinoff Solutionstar, but officials at Nationstar now see Xome as a way to differentiate the nonbank from other lenders.
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Short Sellers of Publicly Traded Mortgage Firms Could Get Burned

June 10, 2015
Paul Muolo
In general, companies whose sole mission is to originate and service residential mortgages are the most shorted stocks in the sector...
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Fannie/Freddie Issuance Slips in May, but Purchase Business Finally Takes Hold

June 10, 2015
John Bancroft
During May Quicken ranked second among all GSE sellers with 68.2 percent of its business going to Fannie Mae.
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Short Takes: RoundPoint Sale Update / MSR Prices Firm Up / More on that Departing Nationstar Executive / Morningstar Joins the Jumbo Party / A New CEO for Auction.com

June 9, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
One of the departing executives at Nationstar Mortgage used to work at JPMorgan Chase, Fannie Mae and Macquarie Bank…
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Will Citadel’s New Second Lien Spur Similar Offerings by ‘A’ Paper Nonbanks?

June 9, 2015
Paul Muolo
Calls to nonbanks from Inside Mortgage Finance revealed a great deal of interest in the Citadel product...
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Slightly Tighter Underwriting on Latest Jumbo MBS from WinWater

June 9, 2015
Brandon Ivey
Caliber Home Loans is the top contributor to the pending MBS from WinWater with a 10.2 percent share of originations...
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More Executive Departures at Nationstar?

June 9, 2015
Paul Muolo
One official described the situation: “Just more house cleaning now that Harold [Lewis] is gone. Most of the senior people leaving were his supporters.”
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The Savior of First Quarter Mortgage Earnings: Loan Originations

June 9, 2015
John Bancroft
Servicing profits were generally down in the first quarter as many companies reported negative effects resulting from interest rate volatility.
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The Industry Speaks: 80 Percent Say CFPB Rules Putting the Squeeze on Mortgage Credit

June 9, 2015
Thomas Ressler
The survey also found that about 90 percent of loans originated by banks were QM compliant compared to 84 percent last year...
Read More
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