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CFPB Issues TRID ‘Clarifying’ Letter; GSEs Won’t Conduct ‘Routine’ Post Purchase Reviews

December 30, 2015
Thomas Ressler
The CFPB letter is aimed at preventing the secondary mortgage market from getting clogged up...
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SEC Faults Larger Rating Services for Issues Tied to Reviews on Non-Agency MBS

December 30, 2015
Brandon Ivey
The SEC recommends that the rating service in question establish and maintain effective internal controls and more…
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The Future of Mortgage Growth: It’s Mostly Non-White

December 29, 2015
George Brooks
“Erosion of homeownership for blacks threatens to undermine their ability to gain and maintain economic stability, not to mention build assets,” said UI’s Rolf Pendall.
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Behind the GSE Risk-Share Goals: Why Next Year’s Activity Could Turn out to be Less

December 29, 2015
John Bancroft
In 2015, the two GSEs sold credit risk on about $407 billion of UPB through their back-end risk-transfer programs. The actual amount of credit risk transferred was $12.6 billion.
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California Remains the GSE Loan King

December 29, 2015
Paul Muolo
California also has the distinction of having one of the higher broker-GSE ratios in the nation: 21.5 percent.
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Short Takes: Home Prices Back to Pre-Bust Levels / Hot Growth for Denver, SF, Portland / A 10-Year HELOC / FHLB Cuts Warehouse Line / WJB Picks a New CIO

December 29, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
It’s not every day that a Federal Home Loan Bank tells one of its members to reduce its credit facilities...
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CFPB Brings $3.1 Million Lawsuit Against Law Firm Over Debt Collection Practices

December 29, 2015
Thomas Ressler
No mortgage-related misconduct was alleged in the bureau’s latest action, but servicers shouldn’t take much comfort from the omission...
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California CU Offering No Downpayment Option, Using a 80/20 ‘Piggyback’ Loan

December 29, 2015
Brandon Ivey
Borrowers are required to have a credit score of at least 700 and at least three months of reserves...
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United Wholesale Mortgage Bucks the TRID Trend: No Delays in Loan Closings

December 28, 2015
Paul Muolo
Mat Ishbia of UWM said the money his company spent getting ready for TRID is an expense "for the long haul..."
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Short Takes: More TRID Snafus: Who Makes the Disclosure? / Electronical Acceptances Key / The Marijuana Trade and Home Prices / Microscopic Changes in Rates / HFH Hires New CIO

December 28, 2015
Paul Muolo and Sherry Muolo
Is the booming marijuana trade in Colorado causing home prices to rise in the Rocky Mountain (High) state? Not necessarily...
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