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Commercial Banks Report Uptick in Mortgage Repurchases

June 29, 2016
John Bancroft
Fifth Third Bank ranked second in repurchases in the call-report data with $93.9 million…
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Short Takes: Walter Extends ‘Poison Pill’ Plan / What? / Large Positions in a Money-Losing Company / Why Mortgage Applications Fell, an Explanation / Nice Increases for Prosperity Mortgage

June 29, 2016
Paul Muolo
Among those reporting higher application volume is Prosperity Mortgage, the residential lending arm of realty giant Long & Foster...
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FHFA Eager to Expand ‘Credit Risk Transfer’ Deals, Launches New Comment Period

June 29, 2016
Paul Muolo and Carisa Chappell
FHFA officials said they favor transactions that are repeatable and scalable.
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Mortgage Complaints Held Steady in Third Place in May

June 29, 2016
Thomas Ressler
Ocwen experienced the greatest percentage decrease in average monthly complaint volume from the first quarter of 2015 to 1Q16. Then again, Ocwen's servicing portfolio has been shrinking.
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FHFA Examiners Worry About Inability of GSEs to Build Capital; Risk-Transfer Costs a Concern Too

June 29, 2016
Carisa Chappell
FHFA examiners suggest that eventually Fannie and Freddie could have a negative net worth position once the capital buffer falls to zero…
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PennyMac SVP of Business Development Bolts for Think Tank; Bright Worked for Sen. Corker

June 29, 2016
Paul Muolo
During his career, Bright has worked for Sen. Bob Corker, who supposedly is on Donald Trump’s short list of VP candidates…
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Fear and Loathing in the Ginnie Mae MSR Market; The ‘MIP’ Factor?

June 29, 2016
Paul Muolo
There’s a growing concern about price discounts on Ginnie servicing rights, and a strong belief that the agency is once again getting anxious about so many nonbanks being such large players in the market.
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‘Brexit’ Fall Out in the US: Loan Officers Worried About Losing Loans Because of Plunging Rates?

June 28, 2016
Paul Muolo
Consultant Dave Lykken said a worst-case scenario is that some mortgage companies could even fail…
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Short Takes: Fed Official Casts Doubt on Nonbanks? / The American House: A Terrible Investment? / Concern Over VA-Streamlined Refis? / Amherst Hires Barclays Mortgage Officials / A New 52-Week Low for Walter Investment

June 28, 2016
Paul Muolo and Brandon Ivey
A few weeks back, Walter Investment CEO and vice chairman Denmark Dixon resigned, but was given a $2.25 million cash payment as part of a separation agreement from the company.
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A Warning from the CFPB: Mortgage Servicers Could be Legally Responsible for the Activities of Service Providers

June 28, 2016
Thomas Ressler
Residential servicers should note a greater emphasis in exams on the handling of consumer complaints…
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Latest Imf News

  • Servicing Portfolios Decline at Rocket, Chase in 3Q

  • Onity Adjusting MSR Acquisition Strategy, Subservicing

  • Ending GSE Conservatorship by 2028 Looks Unlikely

  • Consumer Advocates Seek Stronger Regulation of HEIs

More Imf News

Featured Data

  • Top Ginnie Servicers Increase Portfolios in Third Quarter

  • Major Lenders Pull Back on ECM MBS in 3Q

  • Resets Drive CLO/CDO Issuance Higher in 3Q

  • Originations Tumble 16% in Third Quarter

More Featured Data

Featured Reports

  • Mortgage Profitability Report 2Q26 (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Lender Profiles 2Q26: Top 25 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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