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Top-Ranked Jumbo Issuer Two Harbors Pulls the Plug on its Jumbo Conduit Business

July 28, 2016
Brandon Ivey
Two Harbors has been a major player on the post-crisis jumbo MBS market and was even the top-ranked jumbo MBS issuer in the first half of 2016…
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Mortgage Applications Down for the Week, but Business Still Humming at Some Shops

July 28, 2016
Sherry Muolo
New applications are at an all-time high at Skyline Home Loans in California…
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CIT Unveils $230 Million of ‘Additional’ Reserves Tied to Reverse Mortgage Business; HUD Probe Continues

July 28, 2016
Paul Muolo
Financial Freedom’s operation is the subject of an investigation being conducted by the HUD IG's office...
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Short Takes: Will the Last Jumbo Securitizer Left in the Business Please Turn Off the Lights / A Positive Word on Ocwen / Ocwen’s Irony / A Tidbit on One of MBA’s New Members / Strong MI Results for Arch

July 28, 2016
Paul Muolo
JGWHL’s parent company was recently delisted by the New York Stock Exchange…
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Citadel Servicing CEO: $50 Billion Available to Buy Nonprime Mortgages

July 27, 2016
Brandon Ivey
Caliber executive William Pendleton noted the nonprime MBS recently issued by Lone Star Funds (which owns Caliber) will help the lender significantly reduce interest rates on new originations.
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Small Commercial Banks Quietly Amassing MSR Market Share

July 27, 2016
Brandon Ivey
Smaller depositories held 8.0 percent of the banking industry’s total mortgage servicing assets in 2015, up from a share of less than 2.0 percent as recently as 2009.
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Home Point Financial Inks Deal to Buy Emery Financial’s Assets

July 27, 2016
Paul Muolo
Home Point, which has backing from a PE firm, may have its ears open to future deals…
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Servicers Wonder How Much Time the CFPB Will Give Them on New Rules

July 27, 2016
Thomas Ressler
“We have a pretty good idea of what the bureau is going to do in substance,” said Donald Lampe, a partner in the financial services group at Morrison & Foerster…
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Short Takes: Mortgage M&A Mania Finally Arrives? / Five Oaks Halts Jumbo Aggregation / Angel Oak Rolls Out Investor NI Product / Fannie Tweaks High-LTV Guidelines / Mountain States Lead the Way, Says Black Knight

July 27, 2016
Brandon Ivey, Macie Jones, and Paul Muolo
Nonprime lender Angel Oak Mortgage Solutions is now offering a “no-income” loan to investors with credit scores as low as 660...
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Ocwen Lost $87.3 Million in 2Q16, but Originations Increased 35 Percent

July 27, 2016
Paul Muolo
However, one bright spot was originations, which increased sequentially by 35 percent to $1.32 billion.
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