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Since the Election, Rates Have Risen 75 Basis Points but Lenders Aren’t Panicking – Yet

December 8, 2016
Paul Muolo
Then there’s the case of Bill Dallas, the industry veteran who runs Skyline Home Loans in Calabasas, CA. “Winter is coming,” he said in a brief email exchange with Inside Mortgage Finance.
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RPM Mortgage Makes an ‘Investment’ in Ohio Lender American Eagle

December 7, 2016
Paul Muolo
Over the past few weeks, rumors have circulated that the privately held RPM was buying American Eagle...
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Agency Jumbo Production Outpaced ‘Traditional’ Jumbo Originations in 3Q16

December 7, 2016
John Bancroft
The third quarter saw a sharp increase in refinance originations that appeared to give a bigger boost to government and conventional-conforming production than the jumbo market got.
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Non-Agency Lender Citadel Sets Correspondent Purchase Goal for 2017

December 7, 2016
Paul Muolo
Perl is bullish on the non-agency market for the coming year and is thankful Citadel is not a Fannie/Freddie lender…
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MBA: 94 Percent of Mortgage Lenders Profitable in 3Q16. But Can it Last?

December 7, 2016
Paul Muolo
First the good news: origination profits were strong in 3Q16. Now the bad: the recent rate rise is going to hurt.
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Short Takes: Post-Crisis Non-Agency MBS Gets AAA Rating / Refi Specialists Might as Well Call it a Day? / An IPO for Invitation Homes / Ben Carson in a Museum / FICO Readings on FHA and VA

December 7, 2016
Paul Muolo, George Brooks, and Brandon Ivey
Refi specialists could be in for a word of hurt...
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CFPB Issues New Exam Procedures for Reverse Mortgage Servicing

December 7, 2016
George Brooks
CFPB examiners will review a sample of servicing records for loans transferred within the previous year…
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FHA, VA Deliveries into Ginnie MBS Remain Strong. But VA Has Higher Growth Rate

December 7, 2016
George Brooks
The average loan-to-value ratio for the securitized FHA and VA loans were 92.3 percent and 94.6 percent, respectively.
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Short Takes: Bulk Servicing Auctions? / Rates May Fall / Congrats to Dr. Carson on Landing the HUD Job, Though Not From All / The Listener? / Ocwen Debt Exchange

December 6, 2016
Paul Muolo
The bulk servicing market has been quiet lately. But all that could change soon...
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Fair Housing Group Alleges Racial Bias in Fannie Foreclosure Upkeep

December 6, 2016
Carisa Chappell
Fannie Mae added: “Through these actions we have demonstrated our continued dedication to providing quality care to all communities. And we remain firmly committed to continuing to provide such attention to our REO properties moving forward.”
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