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Home » Topics » News » IMFnews

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PIMCO Looking at Buying a Mortgage Company?

July 1, 2015
Paul Muolo
As the holiday weekend approached, representatives from PIMCO's media department had not returned telephone calls and emails on the matter.
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Short Takes: More Servicing Deals on the Way? / Another Top Executive Departs Wingspan? / BofA Gaining on Wells? / Impac Gets a Line of Credit / Ex-Lenders One Chief Lands at Embrace

July 1, 2015
Paul Muolo, John Bancroft, and Brandon Ivey
Wells Fargo was the top seller to Freddie Mac in 2Q with $12.6 billion, according to newly compiled figures from Inside Mortgage Finance, but BofA was a somewhat close second...
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SCOTUS Decision on Disparate Impact Could Embolden the CFPB

July 1, 2015
Thomas Ressler
FBR Capital Markets analysts said the ruling allows the CFPB and the Department of Justice to retain their use of disparate impact under the Equal Credit Opportunity Act...
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So, Is the FHA Still Sick or Not?

July 1, 2015
George Brooks
The report from Potomac Partners bears the good news about FHA...
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Bayview Casts Wider Net with Non-Agency Mortgages

July 1, 2015
Brandon Ivey
Bayview offers several products for near-miss agency borrowers as well as non-QMs with guidelines that are more forgiving than those offered by jumbo lenders.
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Short Takes: GSEs Hike LPMI Capital Requirements / Is LPMI Really Riskier? / The Trouble with Mortgage Co-ops and Free AU / Applications Wane / Hiring at NMI

July 1, 2015
Paul Muolo, John Bancroft, and Sherry Muolo
The Consumer Financial Protection Bureau also is reviewing LPMI, but from a different angle: RESPA and the "discounting" of such policies…
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Big Pay Raises for Fannie and Freddie CEOs; How Does $4 Million a Year Sound?

July 1, 2015
Paul Muolo
A few years back, then FHFA Director Ed DeMarco cut the compensation of the CEOs as a response to lawmaker concerns.
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GSEs Securitized $232 Billion in 2Q15, Best Showing Since 3Q 2013

July 1, 2015
John Bancroft
However, refinance loans continued to account for the lion’s share of GSE business, Inside Mortgage Finance found.
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OCC: Banks Face $131 Billion of Resetting HELOCs

July 1, 2015
Brandon Ivey
For most HELOCs, the OCC said the end-of-draw period means that monthly payments change from interest-only to amortizing...
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Fitch Ranked First in ABS Ratings During Early 2015

June 30, 2015
John Bancroft
Fitch raised its ABS rating share from 55.0 percent for all of 2014 to about the same level it had back in 2013.
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Latest Imf News

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