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Slow but Steady Growth for the Subservicing Sector

December 14, 2021
Paul Muolo
The biggest issue for the sector rests on the future of market leader Cenlar FSB, which in October was sanctioned by the OCC...
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Banks Report 3Q21 Decline in Mortgage Repurchases

December 14, 2021
John Bancroft
Wells Fargo repurchased $46.0 million of residential loans during the third quarter, tops among all depositories...
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Production Income Gains as Servicing Turns Profitable

December 13, 2021
John Bancroft
Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.
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Up in the Amazon Cloud: Fannie Mae

December 13, 2021
Dennis Hollier
For several years now, the GSE has been migrating its data storage and analysis functions to Amazon’s cloud, but the full extent of that relationship is not really known...
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Garg's Departure Was Somewhat Predictable, Says Consultant

December 13, 2021
Paul Muolo
The memo also reveals the board has hired an independent third-party firm to “do a leadership and cultural assessment” of the originator.
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Fannie Wins November MBS Skirmish, GSE Market Cools

December 10, 2021
John Bancroft
While Fannie and Freddie look to be reclaiming lost investor-property loan business, seller execution tactics haven’t changed much in recent months. Volume fell 14% from October. (Includes two data charts.)
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Jump in Conforming Loan Limits Raises Questions

December 10, 2021
Dennis Hollier
Critics argue that the mechanical method for determining the loan limits distorts the market and makes it harder for the GSEs to meet their affordable housing goals.
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Trump Letter on GSEs Filed as Evidence in Collins Case

December 10, 2021
Dennis Hollier
Plaintiffs in Collins v. Yellen promptly informed the Fifth Circuit Court of Appeals of the former president’s recent letter to Sen. Rand Paul, R-KY, possibly forestalling a decision by the court.
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Freddie Mac Thumbs Its Nose at Cryptocurrency

December 10, 2021
Dennis Hollier
Bitcoin and its competitors remain unwanted in the U.S. mortgage market.
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Fannie in the Amazon Cloud, Helping to Address Risks

December 10, 2021
Dennis Hollier
The mortgage giant is tied by an alphabet soup to the even larger cloud giant.
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