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GSE Reduced-Downpayment Programs Still Struggling?

September 2, 2015
John Bancroft
Ginnie’s big advantage is that it gets all the FHA and VA loans, while the GSEs so far have not gotten much traction in their reduced-downpayment programs.
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Unhappy With the New FHA Certification Proposal, Wells Fargo Will Add Back ‘Credit Overlays’

September 2, 2015
Paul Muolo
According to figures compiled by Inside FHA/VA Lending, Wells ranked second among all FHA retail originators in the first half.
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As Jumbo MBS Activity Fluctuates, Two Harbors Continues Steady Issuance

September 2, 2015
Brandon Ivey
NYCB Mortgage and George Mason Mortgage are once again top contributors to the REIT's jumbo deals...
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HUD Extends Comment Period on Key Issue of ‘Certifications’

September 1, 2015
George Brooks
Some in the industry, including the MBA, feel the certification language lacks clarity...
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Short Takes: A New Round of Cost Cutting at Stonegate? / No, the White House is Not About to Settle Those ‘Takings’ Cases / Greed is (Still) Good / Lykken Goes Solo, Sort Of / Comergence Hires Giorello

September 1, 2015
Paul Muolo
Pershing Square and Perry Capital began loading up on GSE “junior” preferred two years ago, but not because they thought it was a great investment...
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Thanks to TRID, Realtors are Altering Their Purchase Contracts; Longer Timelines

September 1, 2015
Thomas Ressler
Meanwhile, 37.0 percent of realtors indicated they have put together plans with their lender or title company to help even out the process...
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Continued Stock Market Swoon Could Spell More Refis

September 1, 2015
Paul Muolo
Moreover, one warehouse executive told IMFnews that he is beginning to get requests for increased capacity.
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M&T Settles Allegations That It Used ‘Neighborhood Racial Criteria’ for Mortgage Product

September 1, 2015
Brandon Ivey
M&T sought a dismissal of the lawsuit in April, claiming that its loan officers were acting based on legitimate, non-discriminatory reasons.
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Stearns Official Clarifies What Blackstone Will Do With Mortgage Units

September 1, 2015
When the Stearns announcement was made some of its competitors began speculating on what might happen to the acquisitions down the road.
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Mortgage Gain-on-Sale Margins Coming Under Pressure: Compass Point

August 31, 2015
Paul Muolo
According to a new report from Compass Point Research & Trading, a gain-on-sale index the firm created has been contracting the past month...
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