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Phoenix Capital Selling Fannie/Freddie/Ginnie Bulk MSRs

April 9, 2018
Paul Muolo
The conventional portion is top heavy with New York loans…
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All Three Agencies Had a Trying First Quarter: MBS Issuance Down Almost 18 Percent

April 6, 2018
John Bancroft
But Freddie Mac’s 37.2 percent drop was the biggest, by far…
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MorVest Selling Almost $2 Billion of Fannie/Freddie Servicing Rights

April 6, 2018
Paul Muolo
MorVest CEO David Fleig said publicly announced bulk auctions have been scarce of late, but he expects that to change…
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Fannie’s ‘Servicing Marketplace’ Off to a Strong Start

April 6, 2018
Carisa Chappell
Fannie has roughly 50 lenders using the servicing marketplace…
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What We’re Hearing: Show Us the Money / A $1 Million Signing Bonus for an LO? / A Conservative, but Liberal on Pay Raises / Hensarling’s Next Job Won’t Be… / When the Chinese Worry About Prepayments / The Return of Jon Daurio?

April 6, 2018
Paul Muolo
One word for crazy signing bonuses paid to LOs: stupid...
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Fannie Mae’s Servicing Marketplace Off To a Good Start, More Features to Come

April 5, 2018
Fannie Mae’s Servicing Marketplace has been up and running since December and the government-sponsored enterprise plans to add additional features later this year.
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As Pershing Square’s GSE ‘Bet’ Craters, Reports Surface that Investors are Pulling Money Out

April 5, 2018
Paul Muolo
Pershing Square owns roughly 9.9 percent of Fannie/Freddie common…
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Short Takes: Bill Ashmore Working on a Non-QM Startup? / The Mood in New Jersey / The White House Role in Relaxing Standards? / How to Aid in the Construction of Housing / Wells Promotes Hilzendeger to New Mortgage Post

April 4, 2018
Paul Muolo
If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...
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FHFA Wants Input on Potentially Burdensome or Duplicative Regulations

April 4, 2018
Carisa Chappell
The FHFA’s Office of General Counsel will review all of the comments and report findings...
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JPM Readies Non-Agency MBS Backed by Loans Eligible for Sale to the GSEs

April 2, 2018
Brandon Ivey
The loans in Chase's new MBS have an average balance of $527,877.
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