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Fannie Mae Survey Finds Looser Credit Standards but Tighter Affordability

December 17, 2015
Sherry Muolo
The profit margin outlook “has gradually trended down each quarter this year,” Fannie Mae said.
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Home Equity Lending Up Slightly in 3Q15, Best Showing Since 2Q08

December 17, 2015
John Bancroft
Analysts believe there is enough house price appreciation in many areas to lubricate the home equity sector again...
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Look for TRID Compliance Exams by Mid-Year 2016; Fear of a Credit Crunch?

December 17, 2015
Paul Muolo and Thomas Ressler
The CFPB will scrutinize a lender's TRID training and, potentially its handling of early technical problems, said one webinar panelist...
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Short Takes: Angel Oak Nonprime MBS a Done Deal / GSE ‘Jump Start’ Moves Along / Time to End the GSE Profit Sweep? / MBA Continues to Stump for ‘Transitional’ LO License / Sage Bank Settles Lending Discrimination Charges / New Hires for Ranieri

December 16, 2015
Paul Muolo and Thomas Ressler
The CHLA is renewing its call for Treasury and the FHFA to amend the preferred stock purchase agreements once again, allowing the GSEs to build capital...
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Just 23 Percent of Mortgage Professionals Vote for an FHA Premium Cut

December 16, 2015
Paul Muolo
The IMF poll also found that some in the industry believe the MMIF minimum capital ratio should be raised to 4 percent...
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More Tales of TRID Implementation Disasters: Law Firm Asks for the ‘HUD-1’ Form

December 16, 2015
Paul Muolo
One trade group rep noted that “anyone telling you” the TRID transition process “is somewhat smooth, is full of it.”
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Industry Wins Limited Relief From CFPB Rules, Other Measures Pending

December 16, 2015
Thomas Ressler
Among other things, the language grants the CFPB greater flexibility to treat a balloon loan as a “qualified mortgage” if it was extended by a community bank or...
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Although Originations are Up Compared to Last Year, ARM Production Falters

December 15, 2015
Brandon Ivey
Meanwhile, Wells Fargo was the top-ranked ARM lender through three quarters in 2015 with $18.83 billion funded. PHH Mortgage was a somewhat close second...
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Want to Fight a HUD-DOJ FCA Case? Better Have $20 Million for the Attorneys

December 15, 2015
Paul Muolo
“My lenders are keenly aware of meeting their FHA responsibilities,” Corso said in an interview with Inside Mortgage Finance…
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CFPB Massive Data Collection Program in Congressional Cross-Hairs, Mortgages Too

December 15, 2015
Thomas Ressler
Some other CFPB mortgage-related issues could come up for discussion, such as a hold-harmless enforcement period under the bureau’s new TRID rule...
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