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In 2015, JPM Will Hire Mortgage Workers, Wells Mum

December 30, 2014
Paul Muolo and Sherry Muolo
According to figures compiled by Inside Mortgage Finance, Wells Fargo was the nation’s largest home lender in the third quarter with $49.95 billion. JPM was a distant second.
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Short Takes: PennyMac Gets Hike on Repo Line / More on Ocwen’s Erbey / Rep. Royce Will Try to Stop the GSE Housing Trust Fund Contributions / What the New VA Loan Limits Mean

December 30, 2014
Paul Muolo and George Brooks
A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”
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Reintroduction of 97 Percent LTV GSE Loans a Big Ho-Hum?

December 30, 2014
Paul Muolo
Okay, so maybe the reintroduction of 97 percent LTV loans is not a game-changer...
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Lenders Largely Happy with Proposed Rule on Flood Insurance

December 30, 2014
Brandon Ivey
The CMC believes that servicers should not be required to verify flood insurance coverage on existing loans when the escrow option becomes effective.
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The Best Paid Mortgage LOs are in Arizona, California, New Jersey, New York

December 30, 2014
Paul Muolo
Some banks pay between 50 and 80 basis points per loan. At the top end of the market are loan officers who earn between 150 and 200 basis points per transaction.
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Credit Reporting Agency Complaints to the CFPB Up 100 Percent YOY, But…

December 30, 2014
Thomas Ressler
The category of “incorrect information” continues to make up the lion’s share of the complaints, ICFPB found.
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Short Takes: How Much Do Loan Officers Earn? / The Lending Club is Worth What? / $17.6 Trillion In Untapped Equity / Wild Stock Market Effecting Homebuyers?

December 29, 2014
Paul Muolo and Sherry Muolo
Of that amount, $9.9 trillion is mortgaged, according to Inside Mortgage Finance, which means consumers have untapped equity of $17.6 trillion.
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More Law Firms Announce ‘Investigations’ Into Ocwen

December 29, 2014
Paul Muolo
The latest entry into the Ocwen legal sweepstakes is Lifshitz & Miller, Garden City, NY, whose specialties include class action lawsuits.
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Ginnie Mae Transfers Plummet; A Lack of Mega Deals?

December 29, 2014
Paul Muolo
The market heated up significantly in 2013 with $152.22 billion of Ginnie MSRs being transferred.
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Green Tree Increases Servicing Advance Facility With Barclays to $1.2 Billion

December 29, 2014
Paul Muolo
Barclays is acting as the administrative agent on the deal and will be the sole note holder.
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Latest Imf News

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Featured Data

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Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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