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Phoenix Capital Offering Flow Deals That Could Net $2.4 Billion

March 29, 2016
Paul Muolo
Much of the collateral is based in the Western U.S.
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Short Takes: Banks vs. Nonbank on TRID / Depositories Avoid ‘Fix n Flip’ Mortgages / Fannie, Freddie and ‘Nimrick’ Revisited / RHS and QMs / A Legal Case to Study: Guarantee Rate’s ‘Corporate Spy’

March 29, 2016
Paul Muolo and Brandon Ivey
Meet secondary market giant "Natty MaRC"?
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It Looks as Though WJB Went Through a ‘Recap’ In December. Then It All Went South

March 29, 2016
Paul Muolo
Among the secondary market investors buying loans from WJB was JPMorgan Chase, sources said…
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The Successor to Fannie/Freddie Would Only Be as Large as it ‘Needs to Be’

March 29, 2016
Brandon Ivey
The clock is ticking on Fannie/Freddie capital going to zero. To some, this proposal restarts the GSE "conversation..."
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A New Indemnification Period for RHS Lenders: Five Years, Not Two

March 29, 2016
Brandon Ivey
The RHS stated that it may seek indemnification in cases of fraud or misrepresentation regardless of when the loan closed or when the default occurred.
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TRID’s Impact on Fannie and Freddie: Little or None

March 29, 2016
Carisa Chappell
Although the GSEs have not started conducting routine quality control file reviews for technical compliance with the TRID rule, they are checking to make sure the new forms are being used.
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More TRID Headache Stories: How a $19 Mistake Cost a Lender $70,000

March 29, 2016
Paul Muolo
“The real punch in the gut is the investor taking 30 days to review” the mortgage, said the CEO. “Then they said it’s not up to their standards.”
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Piper: Certain Banks Could Post Strong Mortgage Earnings for 1Q16

March 28, 2016
Paul Muolo
In particular, gain-on-sale margins could be quite healthy.
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Short Takes: A Mortgage Giant Named Nimrick? / Keeping the GSEs ‘On Budget’ / Banking and Mortgage Deregulation? / Mortgage Executive Bolts Wells Fargo for Tech Vendor

March 28, 2016
Paul Muolo
Mortgage deregulation ahead? GOP presidential candidate Sen. Ted Cruz, R-TX, has tapped former Texas senator Phil Gramm as an economic advisor...
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Is Non-QM Lending a Bust? Former CFPB Official Speaks His Mind

March 28, 2016
Brandon Ivey
CFPB Director Richard Cordray has pushed back against claims from industry participants that regulations have unduly constricted lending...
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