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Inside the CFPB
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Democrats Laud Watt’s Nomination to FHFA, Continue ‘Dump DeMarco’ Demands

May 2, 2013
Charles Wisniowski
Despite the nomination of Rep. Mel Watt (D-NC) to head FHFA, certain Democrats want Acting Director Edward DeMarco fired. Now.
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Short Takes: PHH Sees Its Gain-on-Sale Drop / Flippers Say ‘Viva’ Las Vegas and Orlando Too / Auction.com Sells Apartment Buildings in Competitive Bid / Treasury Comes Clean on HAMP / Sen. Corker Uncorks

May 2, 2013
Paul Muolo and Brandon Ivey
PHH Mortgage saw its gain-on-sale margin decline but it marked up the value of its MSRs.
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Short Takes: FHFA Issues Progress Report on Securitization Platform / But Little Progress in Finding a Platform CEO / Union Bank Buys LPS Software / Ally Totally Out of MSRs / Shiller Not so Bullish on Housing

May 1, 2013
Paul Muolo and Charles Wisniowski
FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.
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White House Pick of Rep. Watt for FHFA Job Won’t Affect GSE Net Worth Debate

May 1, 2013
Paul Muolo
If Rep. Mel Watt gets the FHFA job will he tinker with GSE net worth minimums?
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Short Takes: Will Mel Watt or Mel Martinez Head FHFA? / Freddie Mac Tries to Help Lenders Prevent Buybacks / CoreLogic: Completed Foreclosures Decline / First Guaranty Hires TPO Chief

April 30, 2013
Paul Muolo
The White House continues to search for someone to head the FHFA. But will it ever officially introduce a candidate? Mel Watt's name has come up again.
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PennyMac's Mortgage Banking Arm Files Updated IPO Documents

April 30, 2013
Paul Muolo
PennyMac Financial Services could raise just over $200 million through an initial public offering of stock.
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FSOC Says MBS-Investing REITs are ‘Highly Exposed’ if Rates Rise Quickly

April 30, 2013
Brandon Ivey
Publicly traded REITs that invest in MBS "borrow short" and "lend long." But is that a problem? It might be, says FSOC.
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Freddie Exec: Common Securitization Platform Builders Face ‘Very Consequential Decisions'

April 30, 2013
Charles Wisniowski
It's not easy building a common securitization platform, so writes a Freddie Mac executive in a new blog posting.
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Mortgage Lenders Still Have Issues with CFPB’s Ability-to-Repay Rule

April 29, 2013
Thomas Ressler
Loan officer compensation to individual originator employees is included in the calculation of the QM’s 3 percent limit on points and fees but the industry believes this is double counting.
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Short Takes: Improved Mortgage Profit Margins in 2Q / Help for the Manufactured Housing Market / Citigroup Loves Jumbos / $25 Billion in HAMP Money Left / Freddie Speaks About the Common Securitization Platform

April 29, 2013
Paul Muolo and Thomas Ressler
Mortgage profits are improving in the second quarter, but how long can it last? Meanwhile, Freddie talks about the CSP.
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