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Liberal Consumer Group Wants to Trim Mortgage Interest for Jumbos

January 4, 2016
Brandon Ivey
“There is no policy rationale for the federal government to continue to subsidize the portion of mortgages that exceed $500,000,” said Sheila Crowley, NLIHC’s president and CEO.
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Quicken Exploring Options After Federal Judge Dismisses Its Case Against DOJ, HUD

January 4, 2016
Paul Muolo
Prior to Quicken filing its suit in April 2015, HUD had tried to work out a multi-million dollar legal settlement with the lender, whereby Quicken would admit to wrongdoing.
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In the New Year, Look for Rule Changes from the VA on Fees, Appraisers, More…

December 31, 2015
George Brooks
One proposed rule would establish reasonable fees that VA lenders may charge in connection with the origination and servicing of loans.
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Short Takes: The ‘Biggest’ Mortgage Stories of 2015? A Subject Ranking, for Sure / But Here’s the List: Strong Origination Volumes; TRID, Nonbanks, FHA Loan Volumes, No GSE Reform, Blackstone’s Mortgage Growth…

December 31, 2015
Paul Muolo
The biggest mortgage story of 2015? How about origination volumes being a lot better than anyone dreamed of?
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Non-QM Trouble Ahead: Why Some Lenders Avoid the Empire State

December 31, 2015
Brandon Ivey
Eric Morgenson, a sales manager at Angel Oak, said the lender’s main concern involves New York's foreclosure timelines
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PennyMac Registers Shares for Sale; Potential Sellers Include CEO Kurland, BlackRock, Others…

December 31, 2015
Paul Muolo
If Kurland sells all of the shares he registered, it will leave him with 424,025, making him (still) the largest individual shareholder in the publicly traded REIT.
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Origination of Reverse Mortgages Continues to Grow; Banks on the Sidelines

December 31, 2015
George Brooks
Commercial banks continue to avoid the reverse mortgage market like the plague.
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Nationstar Registers $498.5 Million of Debt Securities with the SEC

December 31, 2015
Paul Muolo
Nationstar Mortgage is laying the ground work for a huge debt sale. But what will it use the money for?
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Short Takes: The loanDepot IPO Could Happen in 2016 / Just Because the CFPB Issues a Letter That Doesn’t Mean Some Lawyer Somewhere Won’t Sue / FA: Fraud Risk Rises in FL / Radian Becomes PMIER Compliant

December 30, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
Now that the Consumer Financial Protection Bureau has issued a “clarifying” letter on TRID errors, all is well, right? Not necessarily...
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The Largest Investor in GSE Common (Pershing Square) Still Seems Bullish, but…

December 30, 2015
Paul Muolo
Over the past year, the share price of GSE common has tanked, at least on a percentage basis.
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