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VA Considering Stronger Measures to Stop Early Solicitation of Purchase Loans for Refis

March 23, 2017
George Brooks
There have been scattered reports that some lenders and brokers are still chasing quick-turn refis aided by secondary market investors offering to buy and securitize those loans.
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SFIG Plots Next Steps in Effort to Revive Non-Agency MBS Market

March 23, 2017
Brandon Ivey
SFIG’s said its RMBS 3.0 task force will be holding calls during the next two weeks to discuss ongoing work in the latest areas of focus…
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M&A Roundup: Freedom Mortgage Poised For Growth, Ditech Headed for the Exit?

March 23, 2017
Although 2017 is expected to be a down year for originations, Freedom Mortgage – already a top-10 ranked lender – is poised for growth via mergers and acquisitions and is pondering deals for both servicing rights and other shops. Company CEO and founder Stanley Middleman told Inside Mortgage Finance bluntly: “We’re shopping.” Although Middleman declined to name any targets, he said...
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VA Considering Stronger Measures to Stop Early Solicitation of VA Purchase Loans for Refinancing

March 23, 2017
The Department of Veterans Affairs is considering possible solutions, including new regulation or policy changes, to address the ongoing problem of aggressive refinancing of VA purchase loans. Certain lenders and mortgage brokers apparently are still soliciting VA purchase loans for streamline refinancing despite Ginnie Mae’s effort to stop the practice and help mortgage-securities investors get full return on their investments. Ginnie Mae issued...
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Short Takes: GSE CSP Update: The UMBS will Arrive in 2Q19 / They Spent How Much on This Thing? / Cherry Hill REIT Taps the Equities Market / Freddie Mac Director Bolts for the Federal Reserve Bank of Atlanta

March 23, 2017
Paul Muolo
The CSP project comes with a cost: roughly $454 million has been spent so far...
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Finance of America Commercial Makes Big Push Into Broker Market with ‘Fix & Flip’ Lending

March 22, 2017
Paul Muolo
CEO Mark Filler said FoAC is now offering fix-and-flip loans as cheaply as 6.99 percent…
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Wall Streeter Phillips to Play ‘Critical’ Role at Treasury on GSE Reform; GSE ‘Principles’ Coming Soon from Trump?

March 22, 2017
Paul Muolo
Calabria joined the Trump administration from the conservative Cato Institute and is no fan of the GSEs...
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USDA Securitization Rose in 2016; Chase Led the Sector, but…

March 21, 2017
George Brooks
Although JPMorgan/Chase was the market leader, it is now mostly out of the sector…
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Wholesale-Broker Channel Saw Big Gains in Agency Market Last Year

March 20, 2017
John Bancroft
Mortgage brokers earned their biggest market share in the Ginnie Mae sector…
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Bayview Packages Thousands of Vintage ‘Daily Simple Interest’ Mortgages into Non-Agency MBS

March 20, 2017
Brandon Ivey
Bayview issued two similar MBS last year, totaling $467.18 million…
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