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Inside Mortgage Finance
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Quicken Completed Mortgage Broker LPMI ‘Sale’ in 60 Hours

December 17, 2014
Paul Muolo
A handful of other large national wholesalers offer LPMI, including United Wholesale Mortgage.
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CBO: Private Capital Can Replace the GSEs but Not Much Savings for Uncle Sam

December 17, 2014
Brandon Ivey
Advocates for GSE reform looking for savings in the federal budget will be disappointed...
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FHA MMIF Will Get $300MM From SunTrust Settlement

December 17, 2014
George Brooks
When settlements are first reported rarely does the money change hands right away.
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Plunging Oil Could Fuel a Mortgage Hiring Boom for Refis, But…

December 17, 2014
Paul Muolo
Plunging oil prices have led to a sell-off in stocks and a flight to quality, namely U.S. Treasuries and agency-backed MBS.
Read More

OCC: Banks Are Actually Tightening Underwriting Standards

December 17, 2014
Brandon Ivey
The OCC said two banks exited the residential mortgage business in 2014 and another two plan to exit in the coming year.
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Short Takes: Can it Get Any Worse for Ocwen? / JPM Makes Progress on Loan Mods / Skyline Will Double its Capital Base / No Love for Russia / #1 in St. Louis?

December 16, 2014
Paul Muolo and Brandon Ivey
The subordinated debt deal will double the capital base of Skyline Lending.
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Ellington Financial Invests in Skyline; Lender May Double Production

December 16, 2014
Paul Muolo
Skyline CEO Bill Dallas predicted that the nonbank funder could originate almost $4 billion next year, almost double what it produced this year.
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More Regulatory Woes for Ocwen – This Time From the National Servicing Monitor; Stock Hit

December 16, 2014
Paul Muolo
The servicing monitor then hired an independent accounting firm, McGladrey, to retest Ocwen’s performance on a number of metrics tied to the national servicing settlement.
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A 15 Percent Decline in GSE MBS Issuance for November

December 16, 2014
John Bancroft
More than half of Fannie’s MBS flow in November came from refinance loans, the first time since March that purchase mortgages accounted for less than half of its business.
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Finally 3Q Tally for MI Industry: New Premiums Up 9.8 Percent

December 16, 2014
George Brooks
Based on the upward production trend over the last three quarters, it appears the private MIs are on their way to a strong close at year-end.
Read More
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