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The Millennial Mortgage Secret: Look Like Them, Hire Them

August 4, 2015
Sherry Muolo
Whether they like it or not, certain cranky old LOs might have to accept that the younger generation is becoming more involved in the mortgage transaction.
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Blackstone Stays Mum on PMAC Deal, Despite Social Media Postings

August 4, 2015
Paul Muolo
Blackstone has bought at least one nonbank the past year and is eyeing several other acquisitions but has offered no commentary on its plans...
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Short Takes: A Slight Decline in G-Fees at Freddie / Underwriting Looser? / Lenders One Lines Up New Investors / A New CEO Yet for LO? / UGI Increases NIW

August 4, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
Lenders One, by the way, is looking for a new CEO. Its former chief executive, Jeff McGuiness, left back in June...
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GSE ‘Jumbo’ Share Rising With Heavy Refi Volume

August 4, 2015
John Bancroft
Conforming-jumbos accounted for almost 10 percent of GSE business on single-unit properties in the first half of this year...
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Freddie Mac Earns Almost $4.2 Billion in 2Q, Will Ship $3.9 Billion to Uncle Sam

August 4, 2015
Paul Muolo and Carisa Chappell
Freddie CEO Don Layton noted that, “G-fees now account for more than 40 percent of income and is becoming a growing revenue source.”
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Two Harbors Prepares Jumbo MBS Backed by QMs with Little Seasoning

August 3, 2015
Brandon Ivey
Clayton Holdings noted that 75.9 percent of the mortgages were originated via the retail channel with the balance coming through loan brokers.
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California Top Market for Mortgage Insurance

August 3, 2015
John Bancroft
But only 33.0 percent of California mortgages had primary MI coverage, compared to 46.6 percent for the nation as a whole.
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Freddie Mac Unveils First Securitization of Small-Balance Multifamily Loans

August 3, 2015
Paul Muolo
Greystone Servicing Corp. originated all of the 44 notes in the deal.
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Short Takes: PMAC and Blackstone, What Gives? / Meet the New Head of the NYDFS? / BofA Makes Progress on Mortgage Relief / Freddie Dumps NPLs / Home Point Hires Ex-Weichert Official

August 3, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
According to one published report, Gov. Andrew Cuomo is considering John Coffey as the next superintendent for New York Department of Financial Services.
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Banks Report Strongest Mortgage Profits in Two Years

August 3, 2015
John Bancroft
At the midway point of 2015, the group’s $8.061 billion in year-to-date mortgage-banking income was up 15.1 percent from the first six months of 2014.
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