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D&O Insurance to Cover Guaranteed Rate’s FCA Costs

August 27, 2021
Monica Hogan
A Delaware Superior Court ruled that ACE American Insurance Co. must advance nearly $18 million to Guaranteed Rate on a claim the lender filed for defense costs related to allegations it violated the False Claims Act.
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OIG: Servicers Compliant With Forbearance Reporting

August 27, 2021
Monica Hogan
Key metrics reviewed in HUD’s single-family default monitoring system showed that residential servicers generally complied with HUD’s forbearance reporting requirements for FHA loans.
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Farmer Mac Moves to Centralized Servicing Model

August 27, 2021
Monica Hogan
The Federal Agricultural Mortgage Corp. has acquired the servicing rights for all loans in its Farm & Ranch and USDA Guaranteed portfolios.
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Around the Industry

August 27, 2021
Monica Hogan
The number of FHA/VA loans in forbearance grows; Ginnie Mae to host listening session; Maxine Waters touts House budget resolution; FHA is hiring.
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REIT MBS Holdings Slide as Firms Diversify Investments

August 27, 2021
John Bancroft
Fun fact: The top three "'mREITs" all reported declines in their MBS portfolios. AGNC Investment held the top ranking...
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Former GNMA President Tozer Urges White House to Pick a GNMA Chief (Now)

August 27, 2021
Paul Muolo
Some servicing brokers have suggested to IMFnews the RFI, in some cases, has caused buyers of Ginnie servicing rights to reduce the value of their bids.
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Green Shoots: Investor Agrees to Buy $13B of MSRs

August 27, 2021
Paul Muolo
MSR offerings won’t get frothy until mortgage lender/servicers, especially those of the publicly traded variety, feel the heat from company owners — and investors — to keep the earnings gravy train going...
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Industry Gears Up for In-Person Conferences. Risks?

August 27, 2021
Monica Hogan
Risk tolerance? Certain companies may adjust the number of people they send to annual conventions as their internal guidelines shift...
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Banks Pad ABS Holdings in 2Q21, Favor Consumer Deals

August 26, 2021
John Bancroft
Most of the modest gain in bank ABS investment came from a handful of large banks buying deals backed by unsecured consumer loans, a fast-growing market. (Includes two data charts.)
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MBS Trading Takes a Breather for the Summer…

August 26, 2021
Paul Muolo
MBS trading has been relatively quiet the past two months and much lower than early in the year. Then again, traders have other things on their minds, namely what might be said Friday regarding central bank tapering.
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