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Industry Wins Limited Relief From CFPB Rules, Other Measures Pending

December 16, 2015
Thomas Ressler
Among other things, the language grants the CFPB greater flexibility to treat a balloon loan as a “qualified mortgage” if it was extended by a community bank or...
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Although Originations are Up Compared to Last Year, ARM Production Falters

December 15, 2015
Brandon Ivey
Meanwhile, Wells Fargo was the top-ranked ARM lender through three quarters in 2015 with $18.83 billion funded. PHH Mortgage was a somewhat close second...
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Want to Fight a HUD-DOJ FCA Case? Better Have $20 Million for the Attorneys

December 15, 2015
Paul Muolo
“My lenders are keenly aware of meeting their FHA responsibilities,” Corso said in an interview with Inside Mortgage Finance…
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CFPB Massive Data Collection Program in Congressional Cross-Hairs, Mortgages Too

December 15, 2015
Thomas Ressler
Some other CFPB mortgage-related issues could come up for discussion, such as a hold-harmless enforcement period under the bureau’s new TRID rule...
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Short Takes: New Employment Contracts for PennyMac Executives / Short Life, Fast Growth / Struggling Mortgage REIT Javelin Cuts Expenses / Fewer Houses Take a Swim / New Hires for loanDepot Affiliate

December 15, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
By the way, 10 years ago, PennyMac didn’t even exist. Today, it ranks sixth among all residential lenders and 11th among servicers...
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Ally Back in Mortgages but Don’t Expect it to Keep MSRs or Securitize

December 15, 2015
Paul Muolo
Make no mistake about it, Ally – whose financing roots can be traced to General Motors – has no visions of grandeur in residential finance.
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Securitization Rates Drift Slightly Higher, but Remain Below Historical Levels

December 15, 2015
John Bancroft
Fannie and Freddie have securitized roughly 80.8 percent of conventional-conforming mortgages over the first nine months of the year.
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MBA Chief Sees Aggregators Kicking Back Problem TRID Loans to Lenders

December 15, 2015
Paul Muolo
Private rights of action are not covered by the CFPB good faith language on TRID...
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FHFA Seeks Comments on Expanding GSE Role in Manufactured Housing Loans, More…

December 15, 2015
Paul Muolo and Carisa Chappell
In the past, the duty to serve rule has received a great deal of attention from manufactured housing executives who argue the GSEs are not purchasing enough of their loans.
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‘Jumpstart GSE Reform’ Bill is Still Alive, With a Possible Sunset Provision

December 14, 2015
Carisa Chappell
Compass Point predicts the measure now has a 40 percent to 60 percent chance of passage under the omnibus spending bill.
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