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SEC Drops Case Against Former Fannie Mae Executive Thomas Lund

September 22, 2015
Paul Muolo
Lund’s vindication comes at a time when both GSEs are now earning several billion dollars per quarter.
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Short Takes: Hedge Fund Reduces (Slightly) its Stake in Ellington / Ocwen Reps Will Speak Japanese / U.S. Bank Likes HELs / DocMagic Signs Up Mid America / CMLA Names New Chair

September 22, 2015
Paul Muolo and Brandon Ivey
Most of Ocwen’s back-office workers are overseas in India and the Philippines where call center workers make much less than their U.S. counterparts.
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Remainder of Year Could be a Humdinger for MSR Sales

September 22, 2015
Paul Muolo
One frequent participant on the buy-side of MSR deals called the current price structure “fair” and below the “overheated” level that buyers witnessed a year ago.
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CFPB Amends Mortgage Rules for Small Creditors; Balloons Get QM Status

September 22, 2015
Thomas Ressler
Among the industry-supported provisions is expanded small-creditor definition.
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CFPB Says ‘Relax’ on TRID Enforcement, Agency Won’t Play ‘Gotcha’

September 22, 2015
Thomas Ressler
“We are not looking for ‘gotchas’ here,” the CFPB official promised.
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Reverse Mortgage Lending on the Rise in 1H, But Not by Much

September 22, 2015
George Brooks
American Advisors Group ranked first among all reverse mortgage originators in the first half, funding $1.2 billion. None of the top 15 are depositories.
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Phoenix Offering Flow Servicing Rights Tied to GSE and Ginnie Product

September 21, 2015
Paul Muolo
The Fannie/Freddie loans are dominated by Florida mortgages at 32 percent of the flow.
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Short Takes: Subservicer Up For Grabs / Rental Homes Merger / Michigan Mutual Hunts for Branches / Ocwen Keeps Paying Down Debt / FHFA Wants GSE Documents Out of the Public’s View

September 21, 2015
Paul Muolo and Carisa Chappell
Ocwen Financial continues to sell servicing rights and pay down debt. But its stock price isn't moving very much.
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Securitization of VA Jumbos More Than Doubles

September 21, 2015
George Brooks
Ginnie Mae securitization data for the first six months reflect an upward trend in VA loan originations...
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PIMCO Buys a Stake in First Guaranty Mortgage Corp., a $4 Billion a Year Lender

September 21, 2015
Paul Muolo
Early this year, PIMCO was in talks to buy RoundPoint Mortgage, a top 25-ranked servicer, but the transaction fell apart.
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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