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Short Takes: Wells Hires Someone to Manage JVs / Cordray Will Be Confirmed? / Ocwen Posts Results but Analysts are Not Impressed / HUD Writing its Own QM Rule for FHA Loans

February 28, 2013
Paul Muolo, Thomas Ressler, and Brandon Ivey
Wells Fargo has not given up on mortgage lending JVs after all and has hired someone to manage them.
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Credit Suisse Issues Its First Jumbo Deal of the Year, Quicken Product Dominates

February 28, 2013
Brandon Ivey
Credit Suisse came to market with its first jumbo MBS deal of the year with Quicken Loans dominating the collateral.
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The Sequester Effect: FHA Services Will Slow

February 28, 2013
George Brooks
FHA staff could be furloughed if the federal sequester happens Thursday night.
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Short Takes: The Dwindling JV Empire of Wells Fargo / More Layoffs for Foreclosure Review Specialists? / Where Are Fannie’s Earnings? / Vericrest is Hiring

February 27, 2013
Paul Muolo
Wells Fargo says it is committed to its remaining joint venture lending partners but isn't giving out any names on the JVs.
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Fed Chief Bernanke Open to Parity on QM and QRM

February 27, 2013
Thomas Ressler
The Federal Reserve is open to the idea of making the "qualified residential mortgage" definition in the pending risk-retention rule the same as that of the "qualified mortgage" standard.
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Short Takes: Lenders Will Do Battle Over G-Fees / Will PennyMac Buy Ally’s MSRs? / MGIC is a “Buy” / Radian Taps the Equities Market

February 26, 2013
Paul Muolo and Charles Wisniowski
Mortgage bankers are promising to wage war over any new guaranty fee hikes that are used for non-residential projects.
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Industry Wants Clarification on Buybacks Losing QM Status

February 26, 2013
Thomas Ressler
The mortgage industry wants the Consumer Financial Protection Bureau to clarify whether mortgages subject to repurchase demands will lose their “qualified mortgage” status under the bureau’s new ability-to-repay rule.
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TBW’s Freddie Mac MSR Portfolio Sold

February 26, 2013
Paul Muolo
Milestone Advisors has picked a winning bidder for the MSR portfolio once owned by Taylor, Bean & Whitaker.
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REITs Slow Pace of MBS Acquisitions But Had Strong Year Overall

February 26, 2013
Thomas Ressler
According to a new analysis by Inside MBS & ABS, REIT MBS investors as a group increased their MBS holdings by 47.4 percent in 2012.
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New Report: Kill GSEs, Limit US Support for Mortgages

February 25, 2013
Paul Muolo and George Brooks
A new bipartisan panel wants to close Fannie Mae and Freddie Mac and limit U.S. support for mortgages.
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