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More Woes for Walter Investment: A Downgrade and Questions About Future MSR Acquisitions

July 9, 2015
Paul Muolo
In a new research note, Sterne Agee analyst Henry Coffey also voices anxiety about the fact that almost 55 percent of Walter’s stock is controlled by three investor groups.
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Short Takes: Mortgage M&A Deal About to Happen? / SRPs Holding Up / JPMorgan Almost Done with Loss Mitigation Obligations / Refi Applications Worrisome / Auction.com Hires Former Altisource Official

July 9, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
We’re told a sale contract could be signed any day now, but as far as a public announcement is concerned, it may not happen right away…
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Potential Homeowners Psyching Themselves Out of the ‘American Dream’?

July 9, 2015
Carisa Chappell
Wells Fargo, the nation's largest originator, reported that while 72 percent believe now is a good time to buy, many consumers are faced with misconceptions about credit scores and other topics.
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Final Tally on Inside Mortgage Finance Poll: Production Staff in Demand

July 9, 2015
Sherry Muolo
The jobs that seem to be the least in demand include technology support (4 percent) and secondary marketing positions.
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Private MI Business Spikes in 2Q15 as GSE High LTV Lending Gains Steam

July 9, 2015
John Bancroft
It was the biggest quarter in GSE private MI activity since the third quarter of 2013...
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Short Takes: The CSP Mystery: What, No Names? / One or Two Advisors on the Board? / Another Large NPL Auction From Freddie Mac / CMLA Wants the TRID Deadline Moved Back / A New Head of IR for PHH

July 8, 2015
Paul Muolo and Carisa Chappell
CMLA argues that “moving implementation to January [from October] will allow lenders and settlement service providers a more gradual implementation of the new disclosures in a lower pressure environment.”
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Mortgage Co-ops Losing Their Allure Thanks to Free GSE AU?

July 8, 2015
Paul Muolo
There are three major cooperatives that serve as middlemen between lenders and various counterparties: Lenders One, Capital Markets Cooperative and The Mortgage Collaborative.
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Banks, Thrifts Report Record Low in Mortgage Repurchases

July 8, 2015
John Bancroft
Mortgage repurchase volume fell 9.5 percent from the fourth quarter and it was down 12.3 percent from the first three months of last year.
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Stonegate Expands Direct-to-Consumer Unit in Arizona

July 8, 2015
Sherry Muolo
Stonegate has grown from 400 employees in 2012 to about 1,300 currently.
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FHFA Maintains ‘Cone of Silence’ on Captive Insurers and FHLB Membership

July 8, 2015
Paul Muolo
Dave Stevens, president of the Mortgage Bankers Association, said he doesn’t know which way the FHFA will decide on the topic...
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