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Fannie Mae Survey: 55 Percent of Lenders See No Change in Profit Margin

September 15, 2016
Paul Muolo
Among other things, Fannie found that for 3Q16, more lenders expect to sell their mortgages to the GSEs rather than keeping them in portfolio.
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Lenders Fund $53.5 Billion of Home-Equity Loans in 2Q16, Best Showing Since the Financial Crisis

September 15, 2016
John Bancroft
Meanwhile, as home equity originations improve, the outstanding supply of home-equity debt continues to decline.
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Boom Times Ahead for Nonprime. And Yes, the Megabanks are Staying Home

September 15, 2016
Brandon Ivey
All three panelists expressed the view that the nonprime market is safe from competition from the megabanks...
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Fourth Quarter Could be a Barn-Burner for MSR Sales

September 15, 2016
Paul Muolo
Potential MSR sellers abound, but what price will they accept?
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A Key Concern at Ginnie Mae: Nonbanks with Too Much Net Worth Tied Up in MSRs

September 14, 2016
Paul Muolo
Too many nonbanks have their net worth tied up in servicing rights. And that’s a problem…
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Short Takes: The CFPB Ready to Slam a Mortgage Lender? / Are Many MSA Agreements Left? / Ocwen a ‘Buy’? Is That Possible? / FHFA Readies Consumer Survey / Pickel Starts a New Job

September 14, 2016
Paul Muolo and Carisa Chappell
Ocwen gets an upgrade, but there are doubters...
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Signing Bonuses for Mortgage Underwriters? Good MUs Can Earn $135,000 a Year

September 14, 2016
Paul Muolo
One mortgage branch manager described the underwriter shortage as a “big time” problem.
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Regions Bank Will Pay Uncle Sam $52.4 Million to Resolve FCA Complaints

September 14, 2016
George Brooks
To date, FCA/FHA settlements have netted the federal government roughly $5.0 billion.
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Committee Passes Dodd-Frank Alternative; Promotes Portfolio Lending; Democrats Invoke ‘Wells Fargo’

September 14, 2016
Thomas Ressler
The CHOICE Act also would make changes to the structure of the Consumer Financial Protection Bureau, including replacing the single directorship with a five-member board or commission.
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When it Comes to Refis, VA-Backed Mortgages Lead the Pack – By Far

September 14, 2016
George Brooks
There is no clear explanation as to why VA rates are lower than the competition, but some industry participants, including Tom Piercy of Incenter Mortgage Advisors, speculate prepayments might be the reason.
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