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Cole Taylor Mortgage Sale Heats Up

August 15, 2013
Paul Muolo
Cole Taylor Mortgage is talking to several semi-finalists that want to buy the company. Meanwhile, it's business as usual at the bank-owned lender.
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Freddie’s G-Fees Significantly Lower Than Fannie’s

August 15, 2013
Brandon Ivey
If you're looking for a g-fee bargain, Freddie Mac is offering deals. Well, sort of.
Read More

Bank of America Selling $22 Billion of Ginnie Mae MSRs

August 14, 2013
Paul Muolo
If you thought that Bank of America was done selling mortgage servicing rights, think again.
Read More

Short Takes: Going, Going, Gone: GSE Buybacks? / CapWest Enters the Wholesale Arena / Redwood About to Reward Its Executives? / The Terrible Twos for the CFPB / Fannie Mae Hired Someone It Was Suing

August 14, 2013
Paul Muolo and Thomas Ressler
It would appear that the GSE buyback scourge may be winding down. Meanwhile, Fannie Mae has egg on its face over someone it hired.
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PennyMac Raising $248 Million in Equity, Will Buy Nonperforming Loans

August 14, 2013
Paul Muolo
The market did not react kindly to PennyMac's announcement about selling more shares of common stock.
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With New HUD Letter, It Looks Like Curtains for Eminent Domain

August 14, 2013
George Brooks
Any private label mortgage seized through the use of eminent domain will not be eligible for FHA coverage, HUD hints in a new letter.
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Fannie, Freddie Capital Markets Staff Turnover Mitigated For Now

August 14, 2013
Charles Wisniowski
The IG's evaluation survey found that the total cumulative voluntary attrition rate at Fannie’s capital markets group “increased somewhat” from January 2010 through 2012.
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Two Harbors to Issue its First Non-Agency Jumbo MBS

August 14, 2013
Brandon Ivey
The publicly traded REIT is jumping into the jumbo MBS market with its first deal. Many of the loans come from nonbanks.
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HUD May Scotch Richmond's Eminent Domain Dreams

August 13, 2013
George Brooks
According to a new letter obtained by Inside Mortgage Finance, HUD says it is uncertain whether any new loan created under the controversial eminent domain plan would qualify for FHA insurance.
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Four Banks Contemplating Nonprime Warehouse Lines?

August 13, 2013
Paul Muolo
Is the warehouse market about to open up to select hard money lenders? Perhaps, but it won't be a tidal wave.
Read More
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