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White House Working on Coordinating Housing, Mortgage Policies

April 11, 2013
Brandon Ivey
This past fall the Mortgage Bankers Association was pushing for a housing policy coordinator in the White House to ensure that federal regulations complement one another rather than conflict.
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Obama Budget: GSEs Will Pay $183 Billion of Dividends to Treasury Through 2023

April 10, 2013
Paul Muolo
The White House expects huge profits over the next 10 years from - drum roll please - Fannie Mae and Freddie Mac.
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LTVs North of 105 Account for 47 Percent of HARP Refis

April 10, 2013
Charles Wisniowski
Borrowers with loan-to-value ratios greater than 105 percent accounted for 47 percent of HARP volume in January.
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Short Takes: About That White House Mortgage Meeting… / Wells Confirms It May Hire MSR ‘Project Manager' / NPL Sales Could Double / Mortgage Applications Rise, So Do Refis

April 10, 2013
Paul Muolo
The upcoming White House meeting on mortgage and housing issues may not address loan standards at all. Wells confirms plan to hire MSR 'project manager.'
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HUD Asks for $943 Million Treasury ‘Draw’ for FHA as Industry Warms Up to Risk Sharing

April 10, 2013
Paul Muolo and George Brooks
According to the new White House budget, it appears that the FHA will need a draw from the U.S. Treasury after all. But will it happen?
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Walter Investment Buys $12.2 Billion of Reverse MSRs from Wells Fargo

April 10, 2013
Paul Muolo
Wells Fargo has unloaded most of - but not all - of its remaining servicing rights tied to reverse mortgages. However, the bank says it is still "committed" to seniors through home equity loans.
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How Hot is Residential Servicing? IMA Package Gets 10 Bids

April 10, 2013
Paul Muolo
More than 10 bidders showed up for a recent auction of new Fannie Mae servicing rights, a sign that the MSR market is getting hot.
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Lender Recommendations from Real Estate Agents Tied to Closing Issues

April 10, 2013
Brandon Ivey
Two-thirds of the nearly 2,000 real estate agents that responded to a Campbell Communications and Inside Mortgage Finance survey want mortgage closings in 30 days or less.
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Wells Fargo Searching for Executive to Aid the Bank in Selling Servicing

April 9, 2013
Paul Muolo
Wells Fargo is in the hunt for a top servicing executive to aid the bank in its pursuit of MSR sales, sources told Inside Mortgage Finance.
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Short Takes: Will Obama Show at the White House Mortgage Meeting? / JPMorgan and Citi Clean Up on Captive MI Business / Radian Sees New Business Gaining / Aging Appraisers?

April 9, 2013
Paul Muolo, John Bancroft, and Thomas Ressler
In two weeks the White House will meet with some of the largest residential funders in the U.S. But will President Obama show?
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