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Another Top Executive Departs Clayton: Joe D’Urso Is Out as President; Former Blackstone Executive Named as Interim

March 9, 2016
Paul Muolo
D’Urso is the second top executive to leave Clayton over the past six months. Another key departure came this past fall when Tom Donatacci left...
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Lenders Plan for Growth but Anxious About Compliance

March 9, 2016
Thomas Ressler
Roughly 88 percent of lenders said they expect to grow their mortgage origination business in 2016...
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It’s Nice to Have Goals and Initiatives, but They’re Costing the GSEs Plenty

March 9, 2016
Paul Muolo
In dollars and cents, additional spending at Fannie totaled $726 million over the four-year period, while at Freddie the reading was a more benign $376 million.
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Depositories Continue to Dump Servicing Rights; But How Much More Can Nonbanks Handle?

March 9, 2016
John Bancroft
In some quarters, experts wonder how much more nonbanks can grow given capital concerns and interest rate volatility.
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Short Takes: The Big TRID CFPB Pow-Wow / Pete Mills of MBA Weighs in on TRID at LO Show / 80 Percent of Lenders Having Problems? / A Loss for Parent of Nonbank / NCRC Chief Will Give Up One Title and Keep One

March 8, 2016
Paul Muolo
TRID errors were a topic of discussion at the LendersOne mortgage cooperative meeting in New Orleans. Pete Mills, senior vice president of the Mortgage Bankers Association, was giving a presentation.
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M&A Talk Heats Up. PIMCO and RPM Are Looking, but…

March 8, 2016
Paul Muolo
Early last year PIMCO still had designs on RoundPoint Mortgage, Charlotte, which ranks 23rd among residential servicers, according to a tally from Inside Mortgage Finance.
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MountainView Selling $1.5 Billion GSE MSR Portfolio

March 8, 2016
Paul Muolo
After rates plunged earlier in the year, servicing auctions slowed somewhat, but are once again hitting the market.
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The QM Rule Didn’t Chill Mortgage Credit – Blame ‘Market Dynamics’ Instead

March 8, 2016
Thomas Ressler
The market had largely abandoned risky lending products before the QM rule ever kicked in…
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CFPB Now Accepting Complaints About Online ‘Marketplace’ Lenders

March 8, 2016
Thomas Ressler
Marketplace lenders may want to beef up their compliance staffs: The CFPB is now accepting complaints.
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‘Deal Agent’ Could Help Revive Non-Agency Market; A True Revival Will Take Some Time; Treasury Department Weighs In

March 8, 2016
Brandon Ivey
The Treasury Department helped facilitate discussions among the working group...
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Latest Imf News

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Featured Data

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  • Originations Tumble 16% in Third Quarter

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More Latest 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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