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Two Harbors Loses Money in 2Q, Large MSR Deal in the Works

August 7, 2013
Brandon Ivey
Two Harbors revealed that it is advanced talks to purchase a potentially significant portfolio of mortgage servicing rights later this year.
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Freddie Mac Has Worst MBS Issuance Month of the Year

August 6, 2013
Paul Muolo
Though the end of July, Freddie has issued roughly $302 billion of single-family MBS compared to $500 billion for Fannie.
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Short Takes: Is CashCall Off the Auction Block? / HSBC Could Take a Huge Hit on MBS Settlement / FHFA CSP Job Pays $450,000 / LenderLive Gets Ginnie Approvals / Eminent Domain Advances

August 6, 2013
Paul Muolo and George Brooks
Is refi specialist CashCall still on the auction block?
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Obama Hints at Corker-Warner Support, Pushes for HARP 3.0

August 6, 2013
Paul Muolo
The White House believes that the current housing finance system, where the government guarantees more than 80 percent of all mortgages through Fannie Mae, Freddie Mac and FHA, is unsustainable.
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Mortgage Broker Group Calls for QM to be Re-Proposed

August 6, 2013
Thomas Ressler
The NAIHP is concerned that "responsible consumers" may have been "intentionally" knocked out of the QM box.”
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Originations Booming at Nationstar, MSRs Will Top $435 Billion

August 6, 2013
Brandon Ivey
Portfolio recapture, wholesale, and builder channels accounted for almost 79 percent of its fundings in 2Q.
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Prestwick Offers Close to $1 Billion of MSRs

August 5, 2013
Paul Muolo
The market for residential servicing rights continues to gain momentum with two new offerings from The Prestwick Mortgage Group.
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Mortgage Brokers Continue to Hire, But Barely

August 5, 2013
Paul Muolo
Mortgage brokerage firms added new workers in June but at a very slow pace, a sign that the origination market is slowing.
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Short Takes: Ocwen Increases its Deal Pipeline to $400 Billion / Another Large Wholesaler to Exit? / But Integrity First Wants to Grow Wholesale / Ally Calls it Quits on Mortgage Banking / NAR Hates the PATH

August 5, 2013
Paul Muolo
Ocwen is looking at $400 billion of MSR deals, at least. Meanwhile, a lager wholesale may exit, and no, it's not EverBank.
Read More

Commercial MBS Issuance Slowed in 2Q, But Ahead of Last Year’s Pace

August 5, 2013
John Bancroft
Most of the apartment loans being securitized go through Fannie Mae and Freddie Mac programs.
Read More
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