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MBA Criticizes the GSEs’ Temporary Condo Rules

April 21, 2022
Dennis Hollier
Lenders argue the temporary measures adopted by Fannie and Freddie to promote condo safety unnecessarily raise costs for borrowers and present liability issues for HOAs and cooperatives.
Read More

Grapevine: The $50 Million Man / Ocwen’s Recovery

April 21, 2022
Paul Muolo
In years past, LendingTree’s Doug Lebda was one of the industry’s highest paid executives. In a few weeks we’ll get a look at his 2021 compensation package. Also, Ocwen’s chief received a nice raise last year.
Read More

GSE Investment-Property Volume Holds Up Fairly Well in 1Q22

April 20, 2022
Brandon Ivey
Noncore products entail collateral that might be handled by the non-agency market...
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A 44% Raise for Ocwen CEO Messina

April 20, 2022
Paul Muolo
In 2021, Ocwen earned $18.1 million on revenue of $1.05 billion...
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Court Dismisses Selected Claims in Angel Oak LO Lawsuit

April 20, 2022
Brandon Ivey
Overall, Angel Oak made nine claims against the LOs and LendSure...
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MBS Trading Sinks to Yearly Low

April 20, 2022
Paul Muolo
It’s not just that rates have increased, it’s that it’s happened so rapidly over such a short period of time...
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Short Takes: When People Never Sell Their Homes… / Good News, Bad News / A Probe of Troubled Issuers / Ally Expands / A Decline in Applications

April 20, 2022
Paul Muolo
Ally Bank, an investor in Better,com, is expanding its presence in residential finance...
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Yet More Layoffs at Better.com, Nation’s 17th Largest Lender

April 19, 2022
Paul Muolo
The New York-based Better.com had hoped to become a public company at yearend 2021 via a SPAC maneuver...
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Ginnie Issuance Declines in 1Q22, PennyMac Leads the Pack

April 19, 2022
Monica Hogan
The three largest Ginnie Mae issuers were PennyMac Financial, Lakeview and Freedom Mortgage...
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CHLA Pushes for Less Stringent GSE Eligibility Requirements

April 19, 2022
Dennis Hollier
Trade group says FHFA's reproposed rule would serve as a barrier to entry for smaller seller/servicers.
Read More
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