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MMIF FY20 Capital Ratio Rises. Time to Cut the MIP?

November 19, 2020
Maria Volkova
The MMIF enjoys a cash cushion of $77.8 billion for “forward” loans, an increase of $12.2 billion from last year, a HUD audit found.
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Short Takes: Guild Gets an ‘Outperform’ / Purchase Heavy / The Volume Story So Far / Turn-Times Could be Better / FHA Facts

November 18, 2020
Paul Muolo

Some LOs are reporting turn-times stretching up to 35 days...


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Social Media Endorsements and RESPA? It’s Complicated

November 18, 2020
Yemeng Yang

Attorney Jan Keas: “I think a logical question you always want to ask about social media activity is why are you doing what you are doing..."


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On the Rise Once Again: Ginnie Mae Buyouts

November 18, 2020
Paul Muolo

The list of nonbanks involved in Ginnie buyouts is beginning to grow...


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Impac CEO: GSE Loans (Currently) Offer Strong Margins, Better Than Non-QMs

November 18, 2020
Brandon Ivey

George Mangiaracina: “Without getting into specifics ... margins are 50% better in GSE than they are non-QM.”


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FHFA Slashes Multifamily Caps for 2021

November 17, 2020

The Warehouse Gravy Train Continues Unabated in 3Q20

November 17, 2020
Paul Muolo

When nonbanks thrive that can only mean good things for warehouse providers...


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Provident Generating Strong Earnings, Fitch Reveals

November 17, 2020
Brandon Ivey

Fitch also revealed that Provident received a $20 million equity infusion from an affiliated entity in March. Craig Pica, Provident’s CEO, and members of his family, own a majority stake in the lender.


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Heading South: Mortgage Forbearance Readings

November 16, 2020
Paul Muolo

On Friday, Black Knight Financial released its forbearance tally, finding a 121,000 unit decline for the seven-day period ending Nov. 13.


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In SPACs We Trust? Maybe Not

November 16, 2020
Paul Muolo

Wedbush Securities: “While there are many advantages to the SPAC route for both investors and issuers, it has also been an area that has produced disappointing results for some investors in recent months.”


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