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Inside Mortgage Trends
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Fears Over TRID’s Impact Intensify as Clock Ticks

May 5, 2015
Thomas Ressler
As the TRID deadline approaches industry anxieties are getting stronger and more specific in nature.
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Nationstar’s Stock Hammered After Firm Posts $48 Million 1Q Loss

May 5, 2015
Paul Muolo
On the plus side, the publicly traded nonbank funded $4.2 billion during Q1, a 16 percent sequential improvement.
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Report: A Large Chunk of VA Loans are Not Closing On Time

May 5, 2015
George Brooks
“For VA, this is a significant change for the worse,” said Tom Popik, designer of the survey.
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Freddie’s CEO Layton: Earnings Won’t Rise Much From Here

May 5, 2015
Paul Muolo
In the first quarter, Freddie Mac's net interest income rose on a sequential basis by a mere 2 percent to $3.647 billion.
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Short Takes: CFPB Holds a Candle for the 'Credit Invisible' / Walter Gets Smacked Around Too / New Fannie MF MBS / Correction on MDS

May 5, 2015
Paul Muolo
Fannie Mae reported Tuesday that the GSE issued $10.4 billion of multifamily MBS in the first quarter of 2015, primarily through its delegated underwriting and servicing program.
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VA Loan Production Almost Equal to FHA – Thanks to Refis

May 4, 2015
George Brooks
Wells Fargo, top VA seller to Ginnie Mae, showed a modest 7.6 percent increase in Ginnie MBS issuances in the first quarter...
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Quicken Raises $1.25 Billion of Debt at Attractive Yields

May 4, 2015
Paul Muolo
Quicken is controlled by Michigan businessman Dan Gilbert, who has been aggressively purchasing Detroit area real estate the past few years.
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Short Takes: Michigan Mutual Names New Retail Chief / Sterne Agee Dumps Altisource / However, ASPS Insiders Buy Shares / Ellie Mae’s Lofty PE Ratio / MGIC Gets New EVP of Risk

May 4, 2015
Paul Muolo
Late last month, Sterne Agee rated Altisource an “underperform,” which is a nice way of telling investors to sell the stock…
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Briefs: All About the TRID/Upcoming This Month

May 4, 2015
FFIEC Issues Revised Interagency Examination Procedures for Compliance with the TRID. The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently put out new interagency examination procedures for the Truth in Lending Act (TILA), as implemented by Regulation Z, and the Real Estate Settlement Procedures Act (RESPA), as implemented by Regulation X. These procedures reflect CFPB amendments to Regulations Z and X published in the Federal Register in December 2013 and February 2015. Most of the changes to the procedures relate to the integrated mortgage disclosure requirements under TILA and RESPA, commonly referred to as the “TRID” requirements. Office of the Comptroller of the Currency Bulletin 2015-27 makes available on the OCC website the revised interagency ...
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Gallup Poll Finds Ugly Outlook for New Homeownership

May 1, 2015
Brandon Ivey
But a poll by JPMorgan Chase found that 30 percent of potential homebuyers said they plan to purchase a home in the next 18 months.
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