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Inside Mortgage Finance
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Legal Expert Blasts Judge’s Ruling in GSE ‘Net Worth Sweep’ Case

October 8, 2014
Charles Wisniowski
New York Law School professor Richard Epstein took issue with Judge Lamberth’s ruling that HERA doesn’t take away any “cognizable property rights.”
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GAO: Difficult to Evaluate FHFA on G-Fees Due to Lack of Clearly Stated Goals

October 8, 2014
Brandon Ivey
Is it that the FHFA doesn't want to take a stand on g-fees because it fears alienating the industry?
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Ginnie Scrutinizing ‘Changes of Control’ More Closely, Guidance on the Way

October 8, 2014
Paul Muolo
More clarity on the matter is expected later this month when Ginnie is set to release new guidance at the annual convention of the Mortgage Bankers Association.
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Non-QM Market Won’t Take Off Unless Warehouse Banks Line Up

October 7, 2014
Paul Muolo
There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.
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$600 Million of Fannie/Freddie and FHLB MSRs Up for Grabs

October 7, 2014
Paul Muolo
In other servicing-related auctions, The Prestwick Group is working on three bulk deals and three flow transactions.
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Specialty Servicer Wingspan Cuts Jobs in LA, But Not Saying How Many

October 7, 2014
Paul Muolo
Wingspan is a specialty servicer, a space that is looking increasingly crowded these days.
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Short Takes: Student Lender Enters Jumbo Mortgage Space / How are Mortgage Lenders Feeling? Not So Good / Ralph Nader Unhappy with GSE Decision / Why is Johnson-Crapo Even on the Senate Legislative Calendar?

October 7, 2014
Paul Muolo, Brandon Ivey, and Charles Wisniowski
Quick question: What’s the difference between student loan debt and mortgage debt? One is impossible to extinguish by going through bankruptcy.
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Treasury Resisting Calls to Increase Scrutiny of HAMP Servicers

October 7, 2014
Brandon Ivey
The watchdog arm of Congress noted that the Treasury hasn’t implemented 6 out of 24 recommendations relating to housing programs funded by the Troubled Asset Relief Program.
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The ‘Brain Drain’ at the GSEs Will Continue. Here’s Why

October 7, 2014
Charles Wisniowski
Are Fannie Mae and Freddie Mac executives just wage slaves? And is there something wrong with that?
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REITs, Others Get 60 Additional Days to Comment on FHLB Membership Rules

October 6, 2014
Charles Wisniowski
FHFA Director Mel Watt wants to ban companies from using their captive insurance affiliates from joining the FHLB system.
Read More
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