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Jumbo Lender First Republic’s 1Q Originations Slip Almost 18 Percent, but Strong Improvement in Gain-on-Sale

April 13, 2017
Brandon Ivey
Home equity lending at First Republic totaled $414.3 million in the quarter, off 8 percent from the prior period.
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An Ominous Sign? Residential Production at Wells Fargo Slumps 39 Percent; JPM Not as Bad

April 13, 2017
Paul Muolo
Then again, compared to the same period a year ago, Wells' production is just about flat...
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Nonprime Lenders May See a Banner Year in 2017

April 13, 2017
“Ever since Trump was elected, we’ve been so busy,” said Citadel founder and CEO Dan Perl…
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CitiMortgage’s Third-Party Servicing Portfolio Plummets 66 Percent; Lending Off 32 Percent

April 13, 2017
Paul Muolo
It’s a safe bet that CitiMortgage will no longer be a top-10 ranked residential servicer…
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Nationstar CEO Earned $5.36 Million, Flagstar Chief Saw a Decline in Compensation

April 12, 2017
Paul Muolo
The compensation figures for both men include salary, stock awards and other forms of income.
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The Final Tally: ARM Originations Increased in 2016; JPMorgan Chase the Market Leader

April 12, 2017
Brandon Ivey
Wells Fargo Co. ranked third with $21.1 billion of ARM originations in 2016…
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Mortgage Employment Keeps Rising, but for How Long?

April 11, 2017
Paul Muolo
Jeff Detwiler, president of Long & Foster, which also owns a mortgage banking firm, said the company’s attrition rate “is at its lowest.”
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CFPB Hired 20 More Examiners, Upgrading Tech Capability

April 10, 2017
The CFPB is not letting any grass grow under its feet on the examination and supervision front, the bureau’s latest semi-annual report to Congress shows. Under its previous Examiner Commissioning Program (ECP), which became effective Oct. 27, 2014, the agency had issued 173 commissions to examiners, field managers, and headquarters staff. Under the new ECP, an additional 20 examiners have achieved commissioned examiner status, bringing the total number of commissioned examiners to 187, which accounts for attrition through retirement and departures from the CFPB. On the technology front, the bureau is upgrading its existing examination management software. “The new system will aid the CFPB in supervising and enforcing federal consumer financial law by utilizing current technology to support monitoring of ...
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Mortgage Complaints Down Without Exception, Data Show

April 10, 2017
Thomas Ressler
Compared to the fourth quarter of last year, mortgage complaints declined by 14.8 percent.
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Are Nonbanks Losing Their Mojo with Fannie and Freddie? GSE Market Share Slips Again

April 10, 2017
John Bancroft
Single-family volume was down from the unusually high level in the fourth quarter of last year…
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Latest Imf News

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Featured Data

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