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Investment-Property Loans Dominate Non-Agency MBS Issuance

September 2, 2021
Paul Muolo
Just how hot is the IPL market? Two well-regarded Wall Street firms — Credit Suisse and Goldman Sachs — brought out their first deals of the year...
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Ginnie EBOs — The Investment Game Continues

September 2, 2021
Paul Muolo
PennyMac Financial Services, the nation’s second largest Ginnie servicer overall, listed buyouts of $11.6 billion for the six-month period ending June 30...
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Cadence Bank Settles With DOJ, OCC Over Redlining

September 1, 2021
Monica Hogan
Cadence Bank CEO Paul Murphy said the company “believes that at all times it acted in compliance with our nation’s fair lending laws.”
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Jumbo Servicing Portfolios Still Recovering from Pandemic Decline

September 1, 2021
Brandon Ivey
Wells Fargo's jumbo servicing portfolio declined by 2.5% to $242.25 billion...
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Moody’s Highlights the Strengths/Weaknesses of Nonbank Mortgage Firms

September 1, 2021
Paul Muolo
In a new report, the rating service notes the “extensive” MSRs of nonbanks “often make the quality of their capital much weaker than that of banks.”
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Pandemic Threatens Gains in Women’s Homeownership

August 31, 2021
Monica Hogan
Policy recommendations from UI include flexibility in mortgage underwriting standards...
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Fannie/Freddie Servicing Rights Up for Grabs

August 31, 2021
Paul Muolo
Final bids on the MSR package are due Sept. 2...
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Steady Growth in Subservicing, but COVID Challenges Loom

August 31, 2021
Paul Muolo
Dave Worrall of LoanCare: “It will be interesting to see how the delinquency numbers change as the [foreclosure] moratoriums end.”
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Fed Examiners Give Details About Off-Site Bank Exams

August 30, 2021
Lisa Burden
Federal bank examiners adopted a flexible and balanced approach to conducting examinations with a goal to ensure the resiliency of banks while not slowing down the flow of credit.
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Consumer First Case Provides Guideposts for CFPB Remedies

August 30, 2021
Lisa Burden
A more “nuanced approach to penalty calculation” by an appeals court will have important ramifications for both litigated cases and settlements in which the CFPB seeks the maximum applicable penalty amount, according to Mayer Brown attorney Ori Lev.
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