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Short Takes: Obama Won’t Give Up on Killing the GSEs / Redwood Sells Debt / More Ocwen Customer Complaints / Carrington Bolts ARMs / The Return of Mike Baldwin

November 18, 2014
Paul Muolo and Brandon Ivey
Republicans have never been big fans of the GSEs and there’s plenty of Democrats who aren’t so sure about the government “guaranty” as well...
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Fannie Continues to Loosen Rules; 990 Days for a Foreclosure in New York

November 18, 2014
Paul Muolo
Fannie Mae recently loosened its credit standards on condominium loans. What's next?
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FHFA: Extensive ‘Testing’ Underway at Common Securitization Platform

November 18, 2014
Charles Wisniowski
In 2015, the team at the GSE common securitization platform will focus on implementation of the remaining software components...
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Mortgage Banking Income Softened in 3Q Despite Origination Surge

November 18, 2014
John Bancroft
For the first nine months of 2014, the group reported $10.94 billion in net mortgage-banking income, a stunning 43 percent decline from the same period in 2013
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Cerberus-Backed FirstKey to Issue its First Jumbo MBS

November 18, 2014
Brandon Ivey
The top contributor to the new jumbo MBS from FirstKey is CMG Financial with a 13.8 percent share. Cornerstone, Bank of Internet and Impac also provided product.
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FHA’s Mutual Mortgage Insurance Fund in the Black by $4.8 Billion

November 17, 2014
George Brooks
The FHA’s annual independent actuarial review of the MMIF showed a capital reserve of 0.41 percent at Sept. 30, 2014.
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MSR Deals Keep Coming; A $1.2 Billion Flow Deal From Phoenix

November 17, 2014
Paul Muolo
MIAC is out with a new $73 million Fannie package and MountainView and The Prestwick Group are working on transactions as well.
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Short Takes: Former FHFA Chief Blasts Mortgage Industry / Who’s Behind the HIC? / More Relief From FHA / Ocwen’s Stock Recovers Slightly / Venable Hires Ex-Hensarling Staffer

November 17, 2014
Paul Muolo and Charles Wisniowski
So, which groups are behind the "housing-industrial complex"? DeMarco isn't naming names...
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Brokers and Correspondents Key Players in 3Q MBS Surge

November 17, 2014
John Bancroft
Although Wells Fargo officially exited the broker market two years ago, it apparently still does a tiny amount of business through the channel.
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FHFA’s Watt Testifies Before Senate Panel This Week; FHLB Membership a Key Topic?

November 17, 2014
Charles Wisniowski
The senate panel is expected to ask questions on guaranty fees and the common securitization platform as well.
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