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Short Takes: Fix & Flip Lender Targets Multifamily Sector / Branching Out Into Florida / No Word on Carson and His Deputy / New Rez Tests ABS Market / Fed General Counsel Alvarez Announces Retirement

February 8, 2017
Paul Muolo and Brandon Ivey
The full Senate could vote on the Ben Carson nomination next week...
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Growing Concern that Trump’s Tax Cut Could Hammer Fannie and Freddie

February 8, 2017
Paul Muolo and Brandon Ivey
The DTAs are available to the GSEs as future deductions against taxable income. A reduction in the corporate tax rate would reduce existing DTAs for not just Fannie and Freddie but for other U.S. businesses as well.
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Mortgage Hiring Increased in December, but Several Lenders are Taking a ‘Wait and See’ Approach

February 8, 2017
Paul Muolo
CMG Mortgage founder and CEO Chris George said that when it comes to hiring he's mostly in a "holding pattern" right now, with exceptions...
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Top Prime MBS Contributors are Mostly Banks

February 8, 2017
Brandon Ivey
Quicken Loans ranked third in terms of contributions to prime non-agency MBS…
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The CFPB Focuses on a Traditional Interpretation of RESPA Violations

February 8, 2017
Thomas Ressler
The CFPB said Prospect Mortgage entered into agreements to buy leads from more than 200 different counterparties, most of which were real estate brokers.
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Fitch Gives ‘Average’ Ratings to Nonprime Lenders Angel Oak, Citadel and Deephaven

February 7, 2017
Brandon Ivey
The assessment matches the rating service’s “grade” on Caliber Home Loans, which issued the first AAA-rated nonprime MBS backed by new originations.
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FHA Production Up 7.3 Percent in 2016; Banks Account for Just Two of the Top 15 FHA Lenders

February 7, 2017
George Brooks
Banks continue to pull away from directly funding FHA loans in the retail channel, citing the potential legal liability…
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Flagstar Makes a Bold Move: Agrees to Buy Stearns’ Correspondent Platform

February 7, 2017
Paul Muolo
With its consent order in the rear-view, look for Flagstar to do more deals, industry advisors told IMFnews...
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Short Takes: Blackstone’s Tentacles / MBA Sides with PHH in CFPB Case / Banks Might Ease GSE Standards / The ‘Silver Bullet’ to Replace LOs with Machines / Stonegate Hires SunTrust Executive

February 7, 2017
Paul Muolo and Thomas Ressler
Correspondent lending accounts for 21.4 percent of Stearns’ total origination volume, based on fourth quarter figures from Inside Mortgage Finance…
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Blackstone in Takeover Talks with ‘Fix & Flip’ Lender Jordan Capital

February 7, 2017
Paul Muolo
Over the past two years, the Wall Street giant has purchased a handful of nonbank lenders, including Gateway Funding...
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Latest Imf News

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