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HUD Rolls Out New Rules for Condo Projects; ‘Spot Approvals’ Reinstated

September 28, 2016
George Brooks
In addition, HUD proposes to vary its owner-occupancy requirement…
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Redwood CEO: JPMorgan ‘Ahead of Everybody Else’ with Non-Agency MBS Packed with GSE-Eligible Loans

September 28, 2016
Brandon Ivey
The Redwood CEO said the MBS offer a number of benefits to Chase, including effectively cutting the guaranty fee…
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Academics Weigh In: DFA Mortgage Rules Benefitted the Wealthy

September 28, 2016
Thomas Ressler
However, Georgetown University professor Adam Levitin is challenging the findings of his DC-area colleagues.
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Short Takes: Trump Has Some Choice Words for Janet Yellen / The CFPB Now Carries the Wells Fargo ‘Shield’ / FBR Likes MI Sector / Alt Credit Score Models? / A New CEO for New Castle

September 27, 2016
Paul Muolo and Thomas Ressler
Apparently, not everyone is a fan of low rates. Take Donald Trump, for instance...
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Freddie Mac Rolls Out Front-End Risk-Sharing Pilot; But No Benefit for Lenders

September 27, 2016
Paul Muolo
One trade group source had this to say about the arrangement: “There’s no g-fee break? Then it doesn’t sound like front-end coverage that helps lenders.”
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‘Big’ M&A Announcements Slated for MBA Convention in Boston?

September 27, 2016
Paul Muolo
Most of the firms looking to buy other shops are nonbanks…
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Ditech Readies $300 Million ABS Backed by Servicing Advances

September 27, 2016
Brandon Ivey
A few days ago, Ditech’s parent company filed an 8-K with the SEC, disclosing delinquency information on its GSE servicing portfolio.
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VA Lending Up Almost 30 Percent; Nonbanks Dominate

September 27, 2016
George Brooks
Among the top 20 VA lenders, just six depositories made the cut: USAA, Navy Federal, Wells Fargo, Flagstar Bank, The Federal Savings Bank and North American Savings Bank…
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Short Takes: Trump & Hillary Mortgage Corp. / CHLA Weighs In on Front-End Risk-Sharing: No / Will ALTA Break the CFPB’s Website? / Now, Print Your Name and Personal Story Right Here

September 26, 2016
Paul Muolo and Thomas Ressler
When it comes to front-end GSE risk sharing deals, just say no?
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Streamline Refis Causing Problems for VA, Ginnie Mae Investors

September 26, 2016
George Brooks
VA wants to make sure that borrowers are not making a hasty decision to refinance, said VA Acting Director Jeffrey London.
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