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Two GOP Congressmen Voice Concerns Over Declining GSE Capital

February 11, 2016
Carisa Chappell
The two GOP congressmen want the Treasury Department and FHFA to suggest steps they can take in the near term “to rectify the situation.”
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MountainView Selling $7.2B of MSRs, Prestwick Out with Large ‘Flow’ Deal

February 11, 2016
Paul Muolo
Rates are still falling, but MSR packages continue to hit the auction block...
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In 4Q15, Jumbo Market Held Up Better Than GSE and FHA Lending

February 11, 2016
John Bancroft
Bernie Sanders' worst nightmare: not much of a slowdown in the rich taking out jumbo loans...
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Short Takes: Everything’s Coming Up Blackstone / Odds Increase for an FHA Premium Cut? / Volatile Rates a GSE Problem? / U.S. Bank No Longer Facing Servicing Restrictions / Correction on Redwood Numbers

February 10, 2016
Paul Muolo, George Brooks, and Brandon Ivey
Falling rates are great for the mortgage industry, right? Yes and no...
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Redwood Trust Pulls the Plug on Its Commercial MBS Conduit, More Layoffs

February 10, 2016
Paul Muolo
Redwood noted that although it is quitting commercial mortgage production, it will continue to “opportunistically invest in mezzanine and subordinate CMBS tranches that meet our risk/return profile.”
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Proposed FY 2017 U.S. Budget Estimates a $9.1 Billion Profit for FHA

February 10, 2016
George Brooks
Now, for the obvious question: With greater profits coming, will HUD allow FHA to cut premiums?
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The Final Tally on Mortgage Income at Banks: 4Q Not-so-Good; Full Year Better

February 10, 2016
John Bancroft
Most of the decline came among the largest banks, with many regionals turning in stronger results in the fourth quarter…
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With Blackstone’s Blessing, Incenter Agrees to Buy Servicing Broker Interactive Mortgage Advisors

February 10, 2016
Paul Muolo
In the fourth quarter, IMA sold $30 billion of mortgage servicing rights for its clients...
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OCC to Issue Guidance Aimed at Loosening LTV Ratio Standards for Purchase Mortgages

February 10, 2016
Brandon Ivey
In general, the OCC doesn't like the idea of banks funding loans with LTV ratios above 90 percent unless the mortgage has appropriate credit support...
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Short Takes: Margin Calls May Pose a Risk to Nonbanks? / Who Thought Rates Would Go This Low? / FHA Subject to ‘Black Swans’ / HUD, Philadelphia and the X-Files / FHA Condo Financing Relief on the Way?

February 9, 2016
Paul Muolo and George Brooks
In its new annual budget, the White House declares that the FHA mutual mortgage insurance fund is vulnerable to “Black Swans...”
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