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Short Takes: Trump Copies Obama’s FHA Tech-Fee Idea / More Wholesale Lenders? / Home Point Deal Progresses / CHLA Presses for FHA Premium Cut / A New Director at Impac Mortgage

May 25, 2017
Paul Muolo, George Brooks, and Brandon Ivey
When’s the last time a publicly traded mortgage company was sold in a stock transaction?
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Third-Party Originators Fared Slightly Better Than Retail in Declining First-Quarter Market

May 25, 2017
Correspondent lenders and mortgage brokers took slightly less severe declines in origination volume in early 2017 than was seen in the retail channel, according to a new Inside Mortgage Finance ranking and analysis. All three production channels were down sharply as total first-lien mortgage originations tumbled 33.6 percent from the fourth quarter of 2016. The retail segment saw the biggest decline, dropping 34.6 percent to an estimated $221.0 billion. Retail production typically features...[Includes four data tables]
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Nonprime Lender Citadel Ready to Enter the Small-Balance Commercial Market

May 25, 2017
Paul Muolo
Citadel’s small-balance commercial program will include mixed-use retail and other loan types.
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New Product Watch: Guild’s 1% Downpayment Loan; Stearns Pushes Temporary Rate Buydown

May 25, 2017
Brandon Ivey
Stearns said that temporary interest rate buy-downs are good for borrowers who expect their incomes to increase in the relatively near future.
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TPO Lenders Fared Slightly Better Than Retail in a Declining 1Q17 Market

May 25, 2017
John Bancroft
The retail segment saw the biggest decline, dropping 34.6 percent to an estimated $221.0 billion.
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The Supreme Court Could be the Final Venue for PHH Corp. v. CFPB

May 25, 2017
Thomas Ressler
One constitutional issue that garnered some attention: whether a multi-member commission is more legitimate than a single director…
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Short Takes: ABA Wants Explicit Guaranty on MBS / Does it Matter? / Trump Wants to Kill USDA Loan Program / Rep. Hensarling an Optimist but… / A Promotion at Arch MI

May 24, 2017
Paul Muolo and Thomas Ressler
In the new Trump budget, the White House takes an ax to the USDA’s rural single-family housing direct loan program.
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GSE Purchase Business Showed Promise in April, but...

May 24, 2017
John Bancroft
In April, Wells Fargo was the top seller of mortgages to Fannie and Freddie with $9.02 billion, followed by Quicken Loans and JPMorgan Chase…
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Trump Aims to ‘Restructure’ the CFPB and Slash Agency Spending by 22.4 Percent

May 24, 2017
Paul Muolo
The Trump White House wants to slash the budget of the CFPB, an independent agency it has no control over...
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The MSR Market Firms Up; More Buyers; What Could Go Wrong?

May 24, 2017
Paul Muolo
Servicing advisors Steve Harris and Mark Garland view the MSR market as improving…
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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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