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Redwood Trust CEO Marty Hughes to Retire Next Spring, Will Remain as an Advisor

December 4, 2017
Paul Muolo
According to figures compiled by affiliate Inside Mortgage Finance, Redwood ranked 11th among all non-agency jumbo producers through Sept. 30 with a volume of $2.99 billion.
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Short Takes: Atlanta’s Mayor Wants Fannie Chairman Perry to Resign / Arch’s Chief Economist: Housing Relief for Seattle, Looser Credit / LendingHome Hits $2B Mark / Senators Make Threats Regarding English / A Promotion at LoanLogics

December 4, 2017
Carisa Chappell, Paul Muolo, and Thomas Ressler
Nine senators said they would work to invalidate any new rules issued by the CFPB if Leandra English prevails in her attempts to unseat and replace the bureau’s acting director, Mick Mulvaney...
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A Wide Variety in Securitizations of MSR Assets

December 4, 2017
Brandon Ivey
Ocwen Asset Servicing Income Series 2014-1 was secured by MSR related to $11.80 billion of mortgages serviced for Freddie Mac.
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Walter, Parent of Nation’s 11th Largest Servicer, Files Prepackaged Bankruptcy Plan. Share Price Spikes, but…

December 1, 2017
Paul Muolo
At press time, Walter’s share price was up 38 percent on the day to $0.52. However, its five-year high is $45.92.
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What We’re Hearing: Yes, There’s a Senate GSE Reform Bill in the Works / Acting Ginnie Mae President Has Some MBS Ideas / How Many Loss Positions are There? / The Mulvaney Effect? / Ranieri will Stick Around

December 1, 2017
Paul Muolo
Mick Mulvaney has been in charge of the CFPB all week and we’ve yet to hear one prediction that subprime mortgage lending will revive with a vengeance…
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Conforming-Jumbo Market Grew Somewhat Faster Than Non-Agency Sector in 3Q17

November 30, 2017
Jumbo mortgage production was up 9.6 percent in the third quarter, a slightly faster growth rate than the 8.8 percent increase in first-lien originations during that period, according to a new ranking and analysis by Inside Mortgage Finance.
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Bank Holdings of Non-Mortgage ABS Decline Again in 3Q17, Some Institutions Still Buying

November 30, 2017
John Bancroft
Depositories held roughly 16.0 percent of outstanding ABS at the end of the third quarter…
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Conforming-Jumbo Market Grew Faster Than Non-Agency Sector in 3Q17

November 30, 2017
John Bancroft
Roughly $119.1 billion of mortgages that exceed the conforming loan limit of $424,100 were produced during the third quarter of 2017…
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Latest Nonprime MBS from Angel Oak Met with Strong Demand from Investors

November 29, 2017
Brandon Ivey
The Angel Oak family of companies could originate more than $1.0 billion of non-QMs this year…
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Jumbo Originations Increased in 3Q17 but Sector Lost Some Market Share

November 28, 2017
Brandon Ivey
While banks continue to compete for jumbo loans, some have actually tightened underwriting standards…
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