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Short Takes: Finance of America Joins MBA / Freddie Mac Bullish on Subservicing / Servicing Rights: An Unstable Asset / Investors Unite to Meet TBTF Party Goers in Miami Beach

November 24, 2015
Paul Muolo
Freddie notes, “The volume of specialty servicing may shrink as the number of legacy loans dwindles, but specialty servicing is likely to remain an active part of the mortgage servicing industry…”
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CFPB Inspector General Has Five Agency Assignments Slated for 1Q16

November 24, 2015
Thomas Ressler
First on the IG's "to-do" list is an audit of the CFPB’s space-planning activities, largely in response to the bureau’s renovation of its headquarters building.
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Servicing ‘Marks’ Ugly in 3Q, but It’s All in the Rearview Mirror, Right?

November 24, 2015
Paul Muolo
All of the red ink spilled on MSR marks in the third quarter will be reversed and turned into gains when servicers report their results early next year? “Generally, that’s correct,” said one mortgage CEO.
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It’s Thanksgiving Week but the MSR Auctions Keep Coming

November 24, 2015
Paul Muolo
The average loan size is $15.36 million, the average interest rate 3.60 percent.
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Correspondent Production Up Slightly in 3Q15; Retail and Broker Lending Take a Tumble

November 24, 2015
John Bancroft
Stearns Lending was the top table funder in 3Q15 with $2.95 billion originated through loan brokers. United Wholesale Mortgage was an extremely close second at $2.94 billion.
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IMA Working on MSR Deals that Could Net Almost $3B of Flow and Bulk

November 24, 2015
Paul Muolo
It may be holiday week, but Interactive Mortgage Advisors is out with a handful of new MSR offerings...
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Short Takes: Loan Brokers See a Drop in Market Share / NAR, Others Want GSE Language Attached to Spending Bill / Who Said Treasury Wants to Sell Its Preferred Stock Anyway? / Fannie and Freddie are Not Equal / Angel Oak Offers a 10 Percent Subprime Loan

November 24, 2015
Paul Muolo
In case you’re wondering, Fannie Mae has a market capitalization rate of $12.28 billion, Freddie Mac $6.86 billion. Why?
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Freddie Mac: Regulation Could Re-Ignite Consolidation of the Servicing Market

November 24, 2015
Brandon Ivey
"Many servicing functions resemble the assembly line processes used in auto manufacturing," said a new report from Freddie Mac.
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Is a Cut in Fannie/Freddie Guaranty Fees in the Cards for 2016?

November 24, 2015
Brandon Ivey
Barclays believes there is both an economic argument and a policy argument for reducing GSE guaranty fees…
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Short Takes: When Will the FHFA Say Something About Captives? / FHLB Advances Decline / Banks Still Top the List of Borrowers / LoanStar LO Count Reaches 120 / Executive Bolts LenderLive for Clayton

November 23, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
LoanStar expects to originate $750 million of home mortgages this year and has set a goal of doubling that in 2016…
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