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Report: A Large Chunk of VA Loans are Not Closing On Time

May 5, 2015
George Brooks
“For VA, this is a significant change for the worse,” said Tom Popik, designer of the survey.
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Freddie’s CEO Layton: Earnings Won’t Rise Much From Here

May 5, 2015
Paul Muolo
In the first quarter, Freddie Mac's net interest income rose on a sequential basis by a mere 2 percent to $3.647 billion.
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Short Takes: CFPB Holds a Candle for the 'Credit Invisible' / Walter Gets Smacked Around Too / New Fannie MF MBS / Correction on MDS

May 5, 2015
Paul Muolo
Fannie Mae reported Tuesday that the GSE issued $10.4 billion of multifamily MBS in the first quarter of 2015, primarily through its delegated underwriting and servicing program.
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Fears Over TRID’s Impact Intensify as Clock Ticks

May 5, 2015
Thomas Ressler
As the TRID deadline approaches industry anxieties are getting stronger and more specific in nature.
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Redwood’s Mortgage Income Takes It on the Chin; But Outlook Improves

May 5, 2015
Brandon Ivey
Redwood posted just $2 million in income from residential mortgage banking activities in the first quarter.
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Nationstar’s Stock Hammered After Firm Posts $48 Million 1Q Loss

May 5, 2015
Paul Muolo
On the plus side, the publicly traded nonbank funded $4.2 billion during Q1, a 16 percent sequential improvement.
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Securitization of Seasoned Fannie/Freddie Mortgages on the Rise

May 4, 2015
Paul Muolo
Over the past few years, both the mega banks and regionals have been keeping some of their agency-eligible loans in portfolio...
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Short Takes: Michigan Mutual Names New Retail Chief / Sterne Agee Dumps Altisource / However, ASPS Insiders Buy Shares / Ellie Mae’s Lofty PE Ratio / MGIC Gets New EVP of Risk

May 4, 2015
Paul Muolo
Late last month, Sterne Agee rated Altisource an “underperform,” which is a nice way of telling investors to sell the stock…
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Hatteras Financial Builds Holdings of Jumbo ARMs

May 4, 2015
Brandon Ivey
Hatteras held $123.3 million of jumbo ARMs at March 31, a 296 percent increase over three months.
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State Regulators Found Evidence of Document Tampering by Servicers

May 4, 2015
Brandon Ivey
“Some companies were proactive in addressing these deficiencies in a timely fashion while others' control structures remained problematic,” the MMC said.
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