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Fannie/Freddie CRT Issuance Plummets in 3Q22

November 9, 2022
Dennis Hollier
The 58.2% sequential decline in aggregate CRT issuance was the sharpest decline since the start of the pandemic...
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loanDepot Says 4Q Lending Could Fall to Just $4 Billion

November 9, 2022
Paul Muolo
CEO Frank Martell: "We are excited about the launch of our digital HELOC"...
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Another Earnings Bloodbath for Finance of America

November 9, 2022
Paul Muolo
FoA is down to $169 million of cash and cash equivalents...
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3Q Results: GSEs Set Aside $4.3B to Cover Declining Home Values

November 8, 2022
Dennis Hollier and Paul Muolo
Fannie boosted its net worth position to $58.8 billion. Freddie’s reading came in at $35.2 billion...
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Angel Oak REIT Posts a $83M Loss for 3Q, Cites Negative Asset Marks

November 8, 2022
Paul Muolo
AOM purchased $62.4 million of non-QMs with a weighted average coupon of 7.1% in the third quarter...
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Up for Grabs: $6.9 Billion of GSE Mortgage Servicing Rights

November 8, 2022
Paul Muolo
These MSRs should stick around a long time: The average interest rate is 3.2%...
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Chopra's Impact Coming Via Guidance Rather Than Enforcement

November 8, 2022
Sam Manas
At the CFPB, the gentle hand of guidance is raised...
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Mortgage Lenders Chopped 8,200 Jobs in September; Non-QM Shop Athas Closes

November 8, 2022
Paul Muolo
Compared to a year ago, firms characterized by the BLS as “real estate credit” have shed 35,700 workers.
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Student Loan, Credit Card, Payday Loan Gripes Jump

November 7, 2022
Sam Manas
Although they represent a small share of total complaints, student loan gripes increased by almost 50% in the third quarter. Mortgage-related complaints, on the other hand, continued to decline. (Includes two data charts.)
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Only Congress Can 'Fix' CFPB Funding Structure, Attorneys Say

November 7, 2022
Sam Manas
Last month’s appeals court decision that the CFPB’s funding structure is unconstitutional has created a lot of uncertainty.
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