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Mr. Cooper Plans to Amp Up Its Ginnie EBO Game

April 13, 2021
Maria Volkova

Bray noted that Ginnie’s memorandum, which established a new pool type for re-performing loans, “puts significant restrictions" on issuers, increasing both the risk and the cost...


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A Big Improvement in the Ginnie Mae Forbearance Category

April 12, 2021
Paul Muolo

When it comes to forbearance, Black Knight noted widespread improvement “with all investor classes seeing significant declines" in active cases...


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Defying Gravity: Mortgage Employment?

April 12, 2021
Paul Muolo

IMBs employed 257,100 full-timers at Feb. 28. A year ago, the reading was 36,000 positions lower.


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A Laggard: Mortgages with Short Terms

April 12, 2021
Brandon Ivey

Some $11.40 billion of these loans — often used for fix-and-flip lending and bridge financing — were originated in 2020...


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In 1Q21, A Record $92.3 Billion for VA Refis

April 12, 2021
John Bancroft

Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter...


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Former HUD Director Settles Conflict of Interest Claim

April 9, 2021
Maria Volkova
A former HUD official has agreed to pay $25,000 to settle allegations that, while still employed at the department, he negotiated future employment with a lender that does business with HUD.
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Genworth Throws in the Towel on Oceanwide Merger

April 9, 2021
Maria Volkova
With its acquisition by China’s Oceanwide falling apart, the private mortgage insurer will now play the IPO field.
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One Year On, Forbearance Decreases Across the Board

April 9, 2021
Maria Volkova
A year into the pandemic, the number of mortgage borrowers in COVID-19-related forbearance continues to decline.
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Biden’s Infrastructure Plan to Boost Lackluster Housing Supply

April 9, 2021
Maria Volkova
The Biden administration throws its support behind the Neighborhood Homes Investment Act, which, if passed, would fund the construction and rehabilitation of affordable homes.
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Mr. Cooper Expects Limited Short Sales, Foreclosures

April 9, 2021
Maria Volkova
A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic.
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