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Short Takes: Third Largest FHA Lender Settles with Uncle Sam / Friday Afternoon Appears to be the Witching Hour for FHA Settlements / Sometimes, the Best Defense is a Strong Offense / A New President and CEO For Stonegate Mortgage

April 18, 2016
Paul Muolo
The New Jersey-based Freedom is no ordinary FHA lender. According to Inside FHA/VA Lending it ranked third nationwide in FHA production last year with $4.52 billion.
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Banks Blame CFPB Rules for a Reduction in Mortgage Credit

April 18, 2016
Paul Muolo
But there was some good news: the percentage of single-family mortgages made to first-time home buyers continues to climb…
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GAO: FHFA’s Indirect Oversight of Nonbanks is Not Enough

April 18, 2016
Carisa Chappell
MBA chief David Stevens told Inside The GSEs that given the recent growth in the nonbank servicing sector, it’s appropriate for regulatory authorities to ensure these institutions are effectively supervised.
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An Early Look at 1Q16 Production: Retail Share Up Slightly on GSE Loans

April 18, 2016
John Bancroft
The gains in retail and broker share came at the expense of the correspondent channel, where total GSE sales fell 7.4 percent from the fourth quarter…
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The TRID Mess: Lenders Still Waiting on Formal Guidance, and Waiting and Waiting…

April 18, 2016
Thomas Ressler
In their recent exchange of letters, Sen. Corker articulated a handful of serious concerns with the TRID rule, while Cordray reiterated the ways the bureau has tried to help the industry…
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What We’re Hearing: FHFA Says Ask the IRS / Maybe, Maybe Not / Jeb Hensarling is Not Happy / Nonbank Will Stop Buying Jumbos. Reason: TRID / Ocwen and Freddie Part Ways / Will Fairholme Win the GSE ‘Bet’?

April 15, 2016
Paul Muolo
So, in other words, a consumer who’s having trouble making his/her mortgage payment soon will have to give Uncle Sam more money in taxes...
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Big Merger of Mortgage REITs May Signal More Deals Are on the Way; Linked Firms May Be Top Candidates

April 15, 2016
The nation’s largest MBS-investing real estate investment trust, Annaly Capital Management, this week agreed to buy the third largest player in the market, setting off speculation among analysts and investors that the “mREIT” sector could be in for a healthy dose of consolidation. The New York-based Annaly said it would buy Hatteras Financial Corp., Winston-Salem, NC, for roughly $1.5 billion in cash and stock. At year end, Annaly ranked...
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FHFA Rolls Out Principal Reduction Plan; Can it Fly?

April 14, 2016
Paul Muolo and Carisa Chappell
Servicers must round up eligible customers and present offers by October 15 of this year.
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The Ugly Reality for Non-Agency MBS: It Remains a ‘Recycling’ Project

April 14, 2016
John Bancroft
Some 59.6 percent of new issuance in the first quarter consisted of re-securitizations and deals backed by seasoned re-performing and nonperforming loans...
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Some Good News: Rating Services Ready to Rate TRID-Affected Deals

April 14, 2016
Brandon Ivey
Many non-agency MBS investors insist that they aren’t comfortable with the liability posed by TRID…
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Latest Imf News

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Featured Data

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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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