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GSE-Eligible Loans Propel Prime Non-Agency MBS in 3Q21

October 27, 2021
Brandon Ivey
In 2Q21, the GSE-eligible share of loans going into non-agency MBS was 28%.
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A New MSR Offering From IMA as Valuations Firm Up

October 27, 2021
Paul Muolo
The auction comes at a time of rising MSR values and heightened investor interest.
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Since the Pandemic's Start, Consumer Complaints Have Soared

October 26, 2021
Andras Malatinszky
In mid-October, the CFPB registered its one millionth credit reporting-related grievance since the inception of its consumer complaint database in 2011.
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Mortgage REIT Raises Almost $196 Million, Plans to Buy MSRs, More…

October 26, 2021
Paul Muolo
Back in the summer, Two Harbors was ready to settle on $17.5 billion of MSRs...
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Home Equity Investment Activity Gains Traction

October 26, 2021
Brandon Ivey
Generally, the obligation related to the HEI will decline at a rate similar to the home depreciation.
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Great Expectations for Upcoming FHA MMIF Audit

October 26, 2021
Monica Hogan
If the MMIF makes it through forbearance exits without major losses, FHA could cut premiums in the first or second quarter of 2022. Or so the industry hopes...
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CFPB Chief Warns Lenders to Focus on Fair Lending

October 25, 2021
Paul Muolo
The government settled a mortgage redlining case against a southern bank, but a warning shot may’ve been fired on technology and bias.
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Chou Team COO Fined $40M Over Credit Report Fraud

October 25, 2021
Namrata Bhatia
A California district court found Jawad Nesheiwat, the company’s COO, guilty of providing consumer credit information to student loan debt-relief companies to use in marketing their services.
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Court Sides with BofA in Escrow Interest Class Action

October 25, 2021
Namrata Bhatia
A Maryland homeowner sought to file a class action against Bank of America for violating a state law requiring banks to pay interest on funds maintained in escrow accounts.
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CFPB Joins FTC, NC DOJ in Defense of Fair Credit Reporting Act

October 25, 2021
Dennis Hollier
The bureau filed a joint amicus brief with the Federal Trade Commission in a case that seeks to use a section of the Communications Decency Act to avoid prosecution under the Fair Credit Reporting Act.
Read More
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