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AIG Secures Indemnity Reinsurance for $300 Million MI-Backed Bond

August 6, 2015
George Brooks
The AIG transaction, which would transfer risk from UGI to investors, resembles previous bond deals executed by Radian and MGIC.
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Redwood Cuts Forecast for Mortgage Acquisitions Due to Competition

August 6, 2015
Brandon Ivey
Redwood executives said competition has cut into margins, prompting the reduction in its forecast.
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Fannie Mae Posts Net Profit of $4.6 Billion; CEO Predicts Less Credit Overlays

August 6, 2015
Paul Muolo and Carisa Chappell
Thanks to second quarter profits posted by Fannie Mae and Freddie Mac, the Treasury Department will be richer by $8.3 billion...
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The Fastest Growing Loan Types in 2Q: Jumbos and FHA/VA

August 6, 2015
John Bancroft
Over the winter, the VA program had quietly become a much more significant factor in the government-insured market...
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Rates Fall, Applications Rise

August 5, 2015
Sherry Muolo
Residential lenders funded $445 billion in the second quarter, one of the best readings in two years, according to figures compiled by Inside Mortgage Finance.
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Phoenix Capital Selling $2.2 Billion of Servicing Rights

August 5, 2015
Paul Muolo
The Fannie Mae portion of the MSRs is top heavy in California product at 44 percent of the receivables.
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Short Takes: JPM Goes Down the Credit Spectrum on Jumbos / PHH Wins One Against ‘The Man’ / No Comment From the CFPB / A Big Chunk of Change / Ellie Mae Hires Security Chief

August 5, 2015
Paul Muolo and Brandon Ivey
One analyst familiar with the case noted that $109.2 million “is a big chunk” for PHH, adding that the case shows “the CFPB is crazy and doesn’t want to be questioned or challenged…”
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WJB and RPM Mortgage Settle Suit Over Alleged Theft of Customer Data

August 5, 2015
Paul Muolo
The case caught the attention of many loan officers and managers because it centered around the basic issue of what type of client information an LO can take with them when they depart one organization for another.
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Two Stunners: Ginnie Issuers Pump Out a Record $45.5 Billion; Ginnie Issuance Tops Fannie’s

August 5, 2015
John Bancroft
The last time Ginnie Mae was the top agency issuer was in January of 2009...
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Two Harbors Boosts Income by 135 Percent, Will Focus on Jumbos, Acquiring MSRs

August 5, 2015
Brandon Ivey
Two Harbors is starting to offer “expanded credit” mortgages via its conduit, including allowing for lower credit scores and higher loan-to-value ratios.
Read More
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Latest Imf News

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Featured Data

  • Top Ginnie Servicers Increase Portfolios in Third Quarter

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Featured Reports

  • GSE Repurchase Activity: Cumulative Through Second Quarter 2026 (PDF Format)

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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