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Finally: GSEs and Non-Agency MBS Now on Level Playing Field with QMs

July 9, 2021
Brandon Ivey
The hope is that the non-agency market will now be on closer to equal footing with the GSEs in terms of compliance burdens relating to the CFPB...
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CMBS Backed by Extended Stay Hotels Largest of 2021 Thus Far

July 8, 2021
Maria Volkova
Blackstone Real Estate Partners and Starwood Capital will be using proceeds from the mortgage loan to acquire Extended Stay America’s portfolio, fund working capital and pay closing costs.
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ORIX Top Multifamily MBS Servicer in Ginnie Market

July 8, 2021
John Bancroft

ORIX, now operating as Lument, serviced $21.22 billion of GNMA multifamily MBS at the end of May, or 15.5% of the market...


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Quicken Expected to Offload MSRs in a Hot Market

July 8, 2021
A stampede to sell MSRs in the third quarter? That's what the dealmakers are expecting...
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Stocks Tank, Rates Fall. Mortgage Meaning?

July 8, 2021
Paul Muolo
Falling rates? Didn't see that coming...
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Dems, GOP Spar Over Proposal for a Public Credit Bureau

July 8, 2021
Lisa Burden
The panel focused on three bills, two of which are still in draft phase.
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Quicken Loans Ponders MSR Sales in a Hot Market

July 8, 2021
Paul Muolo
Nonbank originators that have been hoarding MSRs for the past 16 months are sitting in the catbird seat. Some bids are just shy of top dollar. Time to pull the sales trigger?
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Wells Becomes a Little Less Consumer Centric with Latest Moves

July 8, 2021
Paul Muolo
Have a personal line of credit with Wells Fargo? Cherish it while you can. The bank is yanking the product by summer’s end.
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End of QM Patch Creates New Standards, Liabilities

July 8, 2021
Lisa Burden
For the first time since QM standards took effect in early 2014, lenders can no longer rely on the government-sponsored enterprises to obtain QM status for a loan.
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Politicos Spar Over Proposal for a Public Credit Bureau

July 6, 2021
Lisa Burden
Members of the House Financial Services Committee voiced different views on a proposal for a government-run credit reporting agency that would compete with the three big private players — Equifax, Experian and TransUnion.
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