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A Different Take: Maybe TRID-Related Delays Aren’t So Bad After All?

December 18, 2015
Brandon Ivey
The share of home-purchase transactions that closed on time in November declined compared with October for all six loan types tracked by HousingPulse...
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Short Takes: Comments Being Taken on Front-End Risk Sharing / FHFA Contemplates MIs Once Again / Will Stock Buyback Help Nationstar? / The Fed Hikes Rates and Mortgage Bankers Yawn / Apps Up

December 17, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
The Fed hiked rates. So what! It was already built into current pricing...
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Angel Oak Issues Largest Post-Crisis Nonprime MBS

December 17, 2015
Brandon Ivey
Both this bond and one recently marketed by Beach Point Capital – which included mortgages funded by Citadel Servicing Corp. – were oversubscribed.
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FHFA GSE Scorecard for 2016: A Lot More Credit Risk Transfers, Looser Underwriting, More…

December 17, 2015
Paul Muolo
The FHFA also is promising to evaluate GSE underwriting criteria to improve access to single-family credit...
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Fannie Mae Survey Finds Looser Credit Standards but Tighter Affordability

December 17, 2015
Sherry Muolo
The profit margin outlook “has gradually trended down each quarter this year,” Fannie Mae said.
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Home Equity Lending Up Slightly in 3Q15, Best Showing Since 2Q08

December 17, 2015
John Bancroft
Analysts believe there is enough house price appreciation in many areas to lubricate the home equity sector again...
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Look for TRID Compliance Exams by Mid-Year 2016; Fear of a Credit Crunch?

December 17, 2015
Paul Muolo and Thomas Ressler
The CFPB will scrutinize a lender's TRID training and, potentially its handling of early technical problems, said one webinar panelist...
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Short Takes: Angel Oak Nonprime MBS a Done Deal / GSE ‘Jump Start’ Moves Along / Time to End the GSE Profit Sweep? / MBA Continues to Stump for ‘Transitional’ LO License / Sage Bank Settles Lending Discrimination Charges / New Hires for Ranieri

December 16, 2015
Paul Muolo and Thomas Ressler
The CHLA is renewing its call for Treasury and the FHFA to amend the preferred stock purchase agreements once again, allowing the GSEs to build capital...
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Just 23 Percent of Mortgage Professionals Vote for an FHA Premium Cut

December 16, 2015
Paul Muolo
The IMF poll also found that some in the industry believe the MMIF minimum capital ratio should be raised to 4 percent...
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More Tales of TRID Implementation Disasters: Law Firm Asks for the ‘HUD-1’ Form

December 16, 2015
Paul Muolo
One trade group rep noted that “anyone telling you” the TRID transition process “is somewhat smooth, is full of it.”
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