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Short Takes: Pickup Picks Up the Pace on Impac Buys / Buy Low, if You Can Get It / Stolen GSE Money? / No Longer ‘Distressed’ / New AI Chief Starts his Term

January 2, 2018
Paul Muolo
Richard Pickup, a real estate investor by trade, owns more than 10 percent of Impac…
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Want to Buy Mortgage Servicing Rights? You’d Better Have a License

December 29, 2017
Brandon Ivey
“If the state requires it, then the GSEs would require it, and could use their remedies in connection with any failure to do so,” said one attorney…
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What We’re Hearing: The Biggest Story of 2018? Fannie and Freddie, Of Course / An M&A Boom? / Good Luck Mr. Corso / Penny Spends Dollars to Buyback Common / A Very Short Publishing Break

December 29, 2017
Paul Muolo
We get the sense that merger and acquisition activity could be fierce as profit margins tighten...
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Expected on GSE Reform: Reconstituted Versions of Fannie and Freddie but…

December 28, 2017
Paul Muolo
What’s gestating now in Congress may represent the best chance of reforming the secondary market since Fannie Mae and Freddie Mac were placed into conservatorship in September 2008…
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The Ocwen Legal Settlement Tally: 25 Down, Five to Go

December 28, 2017
Brandon Ivey
Ocwen’s stock price peaked earlier in the decade at roughly $60.00 a share…
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Banks Continue to Add Home Mortgages to Portfolio

December 28, 2017
Brandon Ivey
JPMorgan Chase continued to boost its first-lien holdings even as it issued a number of relatively large jumbo MBS deals…
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Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren

December 28, 2017
Paul Muolo
The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…
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Ginnie Mae – the Fastest-Growing Component of the Agency MSR Market

December 21, 2017
John Bancroft
While combined GSE servicing still accounted for a hefty 44.9 percent of single-family mortgages, it has continued to drift lower over the course of 2017…
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Surprise: FHFA and Treasury Agree to $3 Billion Capital Buffer for the GSEs. Watt Declares a (Taxpayer) Draw Will be Necessary Because of New GOP Tax Bill

December 21, 2017
Paul Muolo
Mel Watt continued: “We, therefore, contemplate that going forward enterprise dividends will be declared and paid beyond the $3 billion capital reserve in the absence of exigent circumstances.”
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Tax Reform a Mixed Bag for Housing Industry: Lower Mortgage Deduction and Some Lobbying Victories

December 21, 2017
Congress approved significant reforms to federal tax policies this week, which will include a number of changes for the housing industry.
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