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Inside Mortgage Trends
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GSEs Unaffected by Deloitte’s Computer Break-In

October 11, 2017
Paul Muolo
A Freddie spokesman noted: “We take cyber-security seriously as it relates to every aspect of our business.”
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Credit Report Gripes Filed with the CFPB Go Sky High

October 11, 2017
Thomas Ressler
Gripes to the bureau leapt by 53.4 percent on a sequential basis…
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Lenders Not Pleased with LOS Systems, ‘LeadGen’ in Particular Gets Low Marks

October 10, 2017
Brandon Ivey
Lenders are none-too-thrilled with LOS compliance functions as well…
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A ‘BRAWL’ Forms, Broker Group Accuses Certain Lenders of Stealing Borrowers

October 10, 2017
Brandon Ivey
For now, BRAWL isn’t naming names, but credited three lenders for being “true partners” because more than 90 percent of their production comes through the wholesale channel...
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The Equifax Data Breach – What it Might Mean for the Mortgage Industry. Warehouse Implications?

October 10, 2017
Paul Muolo
Overall, hackers stole financial information on roughly 140 million American consumers…
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Short Takes: CIT Will Take Hefty Hit on Sale of Financial Freedom / OneWest’s Roots / Fannie and Freddie Affected by Deloitte Hack? / ALTA Unveils Registry / A New Hire for Platinum

October 10, 2017
Paul Muolo and Brandon Ivey
CIT Group will take a charge of up to $50 million on the sale of Financial Freedom...
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Mortgage Brokers Added 1,400 Jobs in August, Lenders Not so Much

October 9, 2017
Paul Muolo
Steve Abreu, founder and CEO of Newfi, said the privately held nonbank is taking resumes from wholesale representatives and underwriters.
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Short Takes: Treasury Working on GSE Ideas? / Will Trump Get Involved Directly? / Sauri Launches FinKube / Too Much Overhead, Maybe / A New Hire for Endeavor

October 9, 2017
Paul Muolo
With Trump being a real estate developer – though that part of his career is on hold right now – it will be interesting to see if he takes a hands-on approach to reforming the GSEs...
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Freddie Could Have Blowout 3Q17 Earnings and Fannie Could be Close Behind; But 4Q17 May be a Watershed

October 6, 2017
Fannie Mae and Freddie Mac – wards of the federal government for over nine years now – are poised to report stellar earnings for the third quarter, likely blowing past results of the prior two periods, according to an analysis by Inside MBS & ABS. Not only did the two government-sponsored enterprises benefit from a strong origination market in the third quarter, and robust guarantee fee income, but a previously announced legal settlement with Royal Bank of Scotland will soon ...
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Demand for RPLs Strong; Chimera Issues First Deal, MetLife is Ready

October 6, 2017
Brandon Ivey
MetLife said a number of new investors have started buying RPLs in recent years. And even with the strong demand, it’s still a market that offers relatively attractive returns…
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