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Freedom Mortgage Isn’t Done Buying; Wants ‘Feet on the Street’

November 4, 2014
Paul Muolo
The Mt. Laurel, NJ-based Freedom is eager to grow its retail presence in the U.S., but is still committed to third-party lending where it has a large presence.
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FHFA Taps Former GMAC Executive to Lead Common Securitization Solutions

November 4, 2014
Charles Wisniowski
The FHFA has decided not to have a chairman for Common Securitization Solutions. Instead, the unit will be governed by a four-person "board of managers."
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Short Takes: Mortgage Brokers Putting All Their Eggs In One Basket? / Are Cash-Out Refis Making a Comeback? / Piggy-back Loans Too? / Holy Ellie /MI Update

November 3, 2014
Paul Muolo and George Brooks
What? Are piggy-back mortgages making a comeback?
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Uncertain Future for GSEs Will Accelerate Turnover at the Mortgage Giants

November 3, 2014
Charles Wisniowski
Seu pointed to the steady “brain drain” of talent from Fannie Mae and Freddie Mac...
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Analysts: The Wells Fargo-Ocwen MSR Deal No Longer Makes Sense

November 3, 2014
Paul Muolo
A recent research note from Sterne Agee predicts higher operating costs for Ocwen because of its ongoing regulatory disputes with the New York Department of Financial Services.
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Freedom Mortgage Buying LI Lender CHL Through ‘Asset’ Purchase

November 3, 2014
Paul Muolo
With Continental Home Loan under its umbrella, Freedom believes its production run-rate will be $2 billion a month.
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3Q Mortgage Income Rises at Regional Banks

November 3, 2014
Brandon Ivey
BB&T posted $80 million of mortgage banking net income in the third quarter, up sharply from a negative $21 million suffered in the previous quarter.
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2015 Origination Forecast: Cloudy with a Hint of Optimism

November 3, 2014
John Bancroft
If housing markets are stronger than expected and rates stay low enough, originations could hit $1.421 trillion next year.
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More Borrowers Climbing Out of Negative Equity

October 31, 2014
The number of residential properties that are seriously underwater declined to 8.1 million in the third quarter of 2014 from 9.1 million in the first quarter, according to a new report from RealtyTrac. Another 8.5 million properties were on the verge of resurfacing. Dan Blomquist, vice president at RealtyTrac, said it is not yet time to celebrate. He said 8.1 million underwater properties still represent 15 percent of all mortgaged properties with an estimated $1.4 trillion in negative equity ...
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Credit Boxes Changing Very Little

October 31, 2014
Top mortgage sellers to Fannie Mae and Freddie Mac appear to be focusing even more on lower-risk mortgages, according to a new Inside Mortgage Trends analysis of loan-level mortgage-backed securities data. Some 62.9 percent of loans delivered in the third quarter had credit scores of 740 or above, up from 61.9 percent in the second quarter and 60.5 percent in the first three months of the year. The data exclude mortgages with loan-to-value ratios exceeding ... [Includes one data chart]
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