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Why Ginnie is Concerned About Nonbanks: A 69.4 Percent Issuance Market Share for 1Q16

July 6, 2016
John Bancroft
Non-depositories also added about $40.45 billion through the agency’s pools issued for immediate transfer program, or co-issuance option.
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VA Production on the Rise in 1Q16; Streamlined Refis Lead the Way

July 5, 2016
George Brooks
USAA ranked first in VA loan production with Freedom Mortgage a close second...
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Nationstar Gives the Chairman Job to Jay Bray; Wes Edens Retires

July 5, 2016
Paul Muolo
Edens is a principal and co-chairman of Fortress Investment Group, a publicly traded investment fund that happens to own 66.2 percent of Nationstar’s stock.
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Short Takes: Can You Spell ‘Prepayment’: Yield on 10-Year Drops to New Low! / Ocwen Clocked Again / CFPB Reveals IO Disclosure Problem / Freddie Sells NPLs / Promotions at BB&T

July 5, 2016
Paul Muolo and Brandon Ivey
Can rates go any lower than this? Time will tell...
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The Final Tally: Prime Non-Agency MBS Issuance a Dud in 2Q16; Just Two Deals

July 5, 2016
Brandon Ivey
Prime non-agency MBS issuance in the second quarter of 2016 was down by 74.1 percent from the previous quarter.
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One Take on the Recent Ginnie Mae Liquidity Summit: 'It Was All About Bashing the Nonbanks’

July 5, 2016
Paul Muolo
This attendee said one primary concern was whether nonbank Ginnie issuers would have the financial wherewithal to make advances to MBS investors in the event of another financial crisis.
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The 2016 Democratic Party Platform: Credit Score Reform, Defending the CFPB, but No Mention of the GSEs

July 5, 2016
Paul Muolo
The Democrats say they will “implement credit score reform to make the credit industry work for borrowers and not just lenders…”
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MIAC Offers Flow Deal That Could Net $900 Million Per Year

July 1, 2016
Paul Muolo
The product for sale is concentrated in Arizona, California, Florida and Texas.
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Short Takes: Maybe the ‘Brexit’ Rate Fall-Out Won’t Be So Bad for Servicers / 66% of Borrowers Eligible to Refi? / FHFA Tells Wrongdoers: Inflation Happens / Two M&A Deals Close / Zillow: FTHBs May Want to Wait

July 1, 2016
Paul Muolo and Macie Jones
A new report from Deutsche Bank estimates that a 3.5 percent rate on mortgages “puts roughly two-thirds of borrowers in the money to refinance…"
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The FHFA Tally on GSE NPL Sales: 12 Percent of the Loans Wind Up in Foreclosure

July 1, 2016
Carisa Chappell
The FHFA promises it will provide regular updates on NPL sales going forward…
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Latest Imf News

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Featured Data

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