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PE Firms Rethinking their Massive Investments in MSRs?

June 21, 2016
Paul Muolo
Seneca – whose backers include The Blackstone Group, EJF Capital and Arbor Commercial Mortgage – may not be so growth-oriented going forward.
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See You in September: Fannie Sets New Release Date for DU 10.0

June 21, 2016
Carisa Chappell
What caused the delay of DU 10.0? “Issues,” said the GSE…
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Will the Fed Ever Hike Rates Again?

June 20, 2016
Paul Muolo
There’s a growing belief among some economists and mortgage market watchers that the central bank may not raise interest rates at all this year.
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The Bank Incentive to Hold Mortgages in Portfolio Isn’t Going Away Anytime Soon

June 20, 2016
Brandon Ivey
It’s no secret that some banks, including Wells Fargo, are retaining GSE-eligible mortgages in portfolio instead of delivering them to Fannie Mae and Freddie Mac. When and if the trend will reverse is anyone’s guess…
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MIAC and MountainView Out with New MSR Auctions

June 20, 2016
Paul Muolo
More servicing auctions are hitting the market but sellers have to be realistic on pricing...
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Short Takes: Up and Down Mortgage Mt. Everest / Going Online with IO Ads / Overture’s Tech Update / DOJ Abandons Case Against Countrywide Founder Mozilo

June 20, 2016
Paul Muolo and Brandon Ivey
Social Finance (SoFi) and Guaranteed Rate are among the lenders advertising their interest-only offerings online…
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USDA Securitizations Off in 1Q16; (Departing) JPM the Top Issuer

June 20, 2016
George Brooks
Roughly $3.9 billion of mortgages with a USDA guarantee were securitized during the first three months of 2016, with the top five issuers accounting for almost 52 percent of that amount…
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Interest-Only Lending Up Almost 27 Percent in 1Q16

June 20, 2016
Brandon Ivey
Chase, which has significantly increased its jumbo originations in recent years, more than doubled its IO originations in the first quarter.
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What We’re Hearing: Worrying About Nonbanks – Again / Banks and the GSEs: The Love Affair is Over / Keep it Under $5 Billion So the FHFA Won’t See It / GSE Discounts are Back? / Does the FHFA IG Have Enough To Do? / If You Give a Child a Credit Card…

June 17, 2016
Paul Muolo
Late this week we were hearing reports about one mortgage cooperative that was trying to strike a deal with one of the GSEs regarding pricing breaks for its members...
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Fannie Mae Unveils Three CIRT Deals, Largest Transactions To Date

June 17, 2016
Carisa Chappell
Although Fannie bragged about the size of the CIRT deal, it did not identify its counterparties.
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Latest Imf News

  • Servicing Portfolios Decline at Rocket, Chase in 3Q

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Featured Data

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  • Originations Tumble 16% in Third Quarter

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Featured Reports

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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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