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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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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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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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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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Financial Services Roundtable Names Former FHFA Director Ed DeMarco President of its HPC

April 12, 2017
Carisa Chappell
In June of last year, DeMarco co-authored a Milken Institute white paper entitled “Why Housing Reform Still Matters." In it, he argues: "…we need to preserve the liquidity and capacity of an active, globally financed MBS market…”
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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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Still a Better Deal: Selling ‘Conforming’ Jumbos to Fannie and Freddie. But for How Long?

April 12, 2017
Brandon Ivey
However, conforming jumbos accounted for 36.3 percent of the $1.03 billion non-agency MBS JPMorgan Chase issued in February.
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Investment Banker Craig Phillips is Treasury's ‘Point Person’ on GSE Reform

April 11, 2017
Paul Muolo
One trade group said Phillips has already reached out to the industry, gathering opinions on key issues facing the market, including Fannie and Freddie…
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With Originations Down in 1Q17, Lenders Keep an Eye on Expenses; Some Banks Pondering FHA Again?

April 11, 2017
Paul Muolo
“There are a couple of big banks looking at FHA again,” said the consultant, but he declined to identify the shops, citing client confidentiality.
Read More
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