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Two Harbors Takes $88.93 Million Net Loss in 1Q Due to MSR ‘Fair Value’ Changes

May 5, 2016
Brandon Ivey
Two Harbors was the first – and thus far only – firm to issue a jumbo MBS with loans subject to the TRID mortgage disclosure rule.
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Fannie Mae’s Net Profit Fell 54 Percent After the GSE Took a $2.8 Billion Hit on Derivatives

May 5, 2016
Paul Muolo and Carisa Chappell
G-fees – which have been rising in recent years – are ultimately paid by borrowers.
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Lenders Push for House Vote on Bill Helping LOs Move From Banks to Nonbanks

May 5, 2016
Brandon Ivey
The Association of Mortgage Professionals, which represents mortgage brokers, said it believes the measure will dilute states’ rights to protect consumers.
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A Sale of PHH/Assets Looms Large After 1Q Loss, Declining Revenue and Falling Originations

May 5, 2016
Paul Muolo
Earlier this year, management signaled that the nonbank is considering its options...
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Short Takes: The New Mortgage Normal: Volatility / When Red Turns to Black / Citadel on a Hiring Spree / Stearns Gets a New CFO / Would Your Lending Shop Accept Private Flood Insurance?

May 5, 2016
Paul Muolo, George Brooks, and Carisa Chappell
Is the end near for servicing writedowns? Hedging marks?
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Top-Five Servicers Continue to Pull Back; Receivables Drop Almost 8 Percent YoY

May 5, 2016
John Bancroft
U.S. Bank was the only top-five servicer that has been growing its portfolio…
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Short Takes: The $55 Billion Subservicing Contract Mystery / Who Lost It, Anyone? / A Shakeout for P2P? / MSR Auctions Increase / Another Step Down for Ocwen’s Stock

May 4, 2016
Paul Muolo
Sometimes when a subservicer – especially a publicly traded one – snags a new client, the company publicizes the event...
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‘Marketplace’ Lender SoFi Gets Fannie Approvals; Continues to Sell Jumbos into the Secondary

May 4, 2016
Paul Muolo
SoFi, also known as a “peer-to-peer” lender, said it admires Fannie Mae’s “commitment to technological innovation in mortgages…”
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At Least Someone in the Mortgage Industry is Thinking About Climate Change: Freddie Mac

May 4, 2016
George Brooks
A past study commissioned by FEMA estimated that the areas designated as special flood areas will increase by 45 percent by the end of this century. In coastal areas, such designations would increase by 55 percent.
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Good News for the GSEs: FHFA Raises the Multifamily Financing Caps

May 4, 2016
Carisa Chappell
According to figures compiled by Inside Mortgage Finance, the GSEs have a multifamily market share of 78.3 percent.
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