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Short Takes: Almost All GSE-Related Legislation is DoA / Don’t Kill the Golden Goose / Those Crazy Common Investors / The GSEs Are Worth $105 Billion? / Brian Webster’s Resume

September 15, 2015
Paul Muolo
In 2Q, the GSEs earned $8.8 billion combined. Multiply that by four (quarters) and then three (years) and you get $105.6 billion.
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Radian Launches Two Jumbo MI Offerings, Including Product for Medical Professionals

September 15, 2015
Brandon Ivey
It seems that more MI firms are sticking their toes into the jumbo waters...
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Bank of America Remains the Mortgage Repurchase King

September 15, 2015
John Bancroft
Bank of America still leads the industry in buybacks with $539 million on a year-to-date basis, or 28.5 percent of the total for all banks.
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Another Regulator Cashes In as Webster Bolts CFPB for Wells Fargo

September 15, 2015
Thomas Ressler
The trend continues: Work for the CFPB for a year or so and then cash out...
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Ocwen Now Expects a Loss for 2015, Unveils Cost Cuts; Oh, and It Hopes to be a Top 10 Lender

September 15, 2015
Paul Muolo
Ocwen blames the anticipated loss on lower revenue and higher operating expenses.
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Nationstar Trademarks the Name ‘Mr. Cooper.’ But Why?

September 14, 2015
Paul Muolo
"Mr. Cooper" seems like an odd name for a mortgage company to trademark, but you never know...
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SIFMA Presses FHFA to Align GSE MBS Programs and Set a Timetable

September 14, 2015
John Bancroft
SIFMA argues that the FHFA has to take a more active role in keeping GSE programs aligned so that differences in prepayment speeds do not emerge.
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Short Takes: Skyline Aims to Reduce LO ‘Posses’ / The Coming Texas Housing Bust / Go With the Astros, Not the Cubs / MSR Deal From Prestwick / CRE Outlook From Auction.com / Ocwen, Not Made in America

September 14, 2015
Paul Muolo
Irony or good business?: Ocwen's mortgage customers are located in the U.S., but the back office staff processing their loans are mostly overseas.
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Guaranteed Rate Acquires Call Center

September 14, 2015
Guaranteed Rate, a retail mortgage lender, continued to expand its business with the acquisition of new call centers and 75 loan officers from Discover Home Loans, which recently announced its decision to exit the mortgage origination business. The new loan officers will join Guaranteed Rate and help generate more loans through its new Digital Mortgage technology, which the company launched in June. The software uses encrypted cloud storage and ...
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Looser Credit on the Way? Fannie Tweaks Self-Employment Verifications

September 14, 2015
Carisa Chappell
The set of changes was updated in the GSE’s selling guide and shows a new way that income from self-employment can be both calculated and documented.
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