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Moody’s Assigns Provisional Ratings to Nationstar Nonperforming HECM MBS

November 19, 2015
George Brooks
The HECMs backing the bond are either in default, due and payable, in foreclosure or REO...
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Implementation of TRID Requirements Doesn’t Appear to Have Had a Significant Impact on Closing Times

November 19, 2015
Brandon Ivey
Some realtors who have closed sales subject to TRID said the process went smoothly while others reported extended potential closing timelines...
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House Votes to Extend QM Safe Harbor; Veto Anticipated

November 19, 2015
Thomas Ressler
Given the president’s intention to defend the Dodd-Frank Act for the remainder of his term, an industry-wide QM safe harbor for portfolio mortgages is “a heavy lift,” said former FHA chief Dave Stevens.
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New Bulk MSR Offerings from MIAC and Phoenix Capital

November 19, 2015
Paul Muolo
Interest rates are rising and that means more MSR packages are likely to hit the market.
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Short Takes: Industry to Fed: Raise Rates Already / Want to Increase Housing Affordability? Convince Sellers to Cut Their Asking Prices / UG Rolls Out Expanded Guidelines for Doctors and Lawyers / CHMI Closes on MSR Purchase / Landes to Head Sales at Ston

November 19, 2015
Paul Muolo
Quite a few executives believe the central bank should move forward with a “one and done” strategy and be done with it...
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Government Lending Bucked the Third Quarter Downturn Trend

November 19, 2015
John Bancroft
An estimated 32.5 percent freefall in refi originations during 3Q had a much bigger impact on the conventional market than on government-insured lending.
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Fitch Downgrades Residential Credit Solutions’ Servicer Ratings, Citing Regulatory Issues

November 18, 2015
Brandon Ivey
A few months back, rumors began circulating that ACMI was contemplating taking bids on its servicing business.
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Nonprime Lender Citadel Thinks It Will Top $1 Billion Next Year

November 18, 2015
Paul Muolo
If Citadel can hit the $1 billion mark it would be a significant achievement in the “new,” post-crash nonprime market.
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Short Takes: What’s Keeping Mortgage CEOs Up at Night? / Food Titan Enters the Non-Agency MBS Market / A Non-QM Loan from loanDepot / Mortgage Applications Rise / AMC Hires Former Stewart Executive

November 18, 2015
Paul Muolo and Brandon Ivey
Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.
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Selene Finance Hires Clayton Executive Tom Donatacci

November 18, 2015
Paul Muolo
Donatacci helped steer Clayton from survival mode during the financial crisis to solid profitability before the due diligence vendor was sold to Radian Group for $305 million in 2014.
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Latest Imf News

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