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FHFA Announces New Advisory Committee

August 26, 2022
Dennis Hollier
FHFA says the new committee will provide greater transparency on policy and give shareholders more input on matters related to affordable, equitable and sustainable housing.
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Freddie Multifamily Names New Head of Underwriting and Credit

August 26, 2022
Dennis Hollier
Ian Ouwerkerk, who began running multifamily underwriting and credit for Freddie on an interim basis in the first quarter, has been promoted permanently to the job.
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REIT MBS Holdings Down Again in 2Q22

August 26, 2022
John Bancroft
REITs have seen their MBS portfolios shrink for six consecutive quarters since a cyclical peak at the end of 2020...
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Home Partners of America to Pause SFH Purchases in 38 Markets

August 26, 2022
Monica Hogan
Among the markets it will pause in the first round: Boise, Detroit, Fresno, Milwaukee, Omaha and Virginia Beach...
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While Servicing Sales Boom, Portfolio Transfer Times Slip

August 26, 2022
Paul Muolo
It seems as though the review pipeline is getting backed up because deal volume has been so heavy...
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Short Takes: Another Exit from Wholesale / Price Wars / Offshore to Onshore? / Lower Funding Needs for loanDepot / Former CFPB Deputy Joins Customers Bank

August 26, 2022
Paul Muolo and Andras Malatinszky
loanDepot, the nation's seventh largest home lender, is reducing its funding facilities...
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Production and Servicing Profits Take a Hit in 2Q

August 26, 2022
Namrata Bhatia
Many publicly traded mortgage companies remained profitable in the second quarter, though earnings were down sharply. (Includes data chart.)
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Banks’ Servicing for Others Steady in 2Q, MSR Values Spike

August 26, 2022
Namrata Bhatia
Rising interest rates increased the fair value of banks’ MSRs in the second quarter but servicing for others was essentially flat. (Includes data chart.)
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Sterling Bank Outsources Originations to Reduce Costs, Risks

August 26, 2022
Brandon Ivey
The Southfield, MI-based bank expects fixed-cost savings of roughly $3 million a year from using MortgagePath for originations and the vendor will be responsible for compliance issues.
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Measuring Nonbank Health Via Stock and Debt

August 26, 2022
Paul Muolo
Institutional investors have driven down the debt prices for several publicly traded nonbanks this year. But some are better off than others.
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