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Inside Mortgage Finance
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A Quiet Surprise: FHFA Sets ‘Minimum Base’ G-Fee for Fannie Mae and Freddie Mac

August 4, 2016
John Bancroft
FHFA officials said the directive is not being made available to the public.
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Servicing Market Skews Further Toward Nonbanks, Midsized Shops in 2Q16; Runoff an Issue for Many

August 3, 2016
John Bancroft
Banks, thrifts and credit unions still accounted for 66.0 percent of the $7.206 trillion in single-family mortgages serviced by the top 50 companies, Inside Mortgage Finance found.
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Nationstar Whipsawed by MSR Marks, Loses $92 Million in 2Q; Revenue Rises Along with Originations

August 3, 2016
Paul Muolo
The company has been diversifying heavily into subservicing contracts and over the past year has struck outsourcing deals with USAA and Seneca Mortgage Servicing.
Read More

Source of Funds: Top Reason for FHA Unacceptable Findings

August 3, 2016
George Brooks
Specifically, auditors either found undocumented large deposits or deposits that are from unacceptable sources.
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Nation’s Largest Table-Funder UWM Looking at a Record Year for Loan Production

August 3, 2016
Paul Muolo
According to Mat Ishbia of UWM, the loan broker segment is thriving.
Read More

Short Takes: TIAA Buying EverBank? / PE Firms Own a Large Chunk of EverBank / Mr. Market Likes Nationstar Today / Ocwen Pays Down Debt / NovaStar Files for Chapter 11

August 3, 2016
Paul Muolo and Brandon Ivey
At press time Wednesday, the share price of Nationstar was soaring...
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CFPB Has its Say on Foreclosure Prevention, Publishes ‘Guardrails’ for Servicers

August 3, 2016
Thomas Ressler
The principles released Tuesday are separate from and independent of the finalized amendments to the CFPB’s 2013 mortgage servicing rules, which are expected in several weeks.
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Why Aren’t There More Subprime Originations? A Lack of Incentives for LOs, Perhaps?

August 3, 2016
Brandon Ivey
Caliber has loosened requirements for its nonprime production, making changes to guidelines every six weeks or so…
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Slip Sliding Away: Securitization of ARMs

August 2, 2016
Brandon Ivey
An estimated $46 billion in ARMs were originated in the first quarter of 2016, down 2.1 percent from the previous quarter…
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Freddie Mac CEO Don Layton: HARP Announcement Coming ‘Soon’

August 2, 2016
Carisa Chappell
In the past, the FHFA has shot down a couple of program myths and emphasized that being significantly underwater doesn’t disqualify borrowers from using HARP…
Read More
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