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Final GSE Multifamily Tally: $56.9 Billion

February 18, 2015
Thomas Ressler
Over the past few years there has been some debate about the role Fannie and Freddie play in the multifamily sector with GSE critics pushing for the two to scale back their involvement.
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Freedom Mortgage Close to Meeting Hiring Goal; May Hire Even More

February 17, 2015
Paul Muolo
Among originators, Freedom Mortgage ranks 10th. In 2014 it funded $23.63 billion, a 48 percent gain from the year prior.
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A $1.3 Trillion Year for Originations?

February 17, 2015
Paul Muolo
Compass Point hiked its purchase money estimate to $819 billion from $787 billion.
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Short Takes: Mortgage Lawyers Raking in the (Compliance) Dough / What’s With all the 13-Gs? / Ocwen’s Stock on a Tear. What? / Obama Gives a Shout-Out to Nationstar / A New Hire for Auction.com

February 17, 2015
Paul Muolo and Brandon Ivey
Ocwen’s share price has almost doubled! How’s that? Well...
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Correspondent Share of Agency MBS Reached 35 Percent in 2014

February 16, 2015
John Bancroft
Broker-originated purchase mortgages pushed the envelope a little further, with an average credit score of 719.1 and an average DTI of 37.7.
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Highest Cash-Out Refi Share Since ’09 but Dollar Volume Drops

February 16, 2015
John Bancroft
From 2005 to 2007 homeowners converted an estimated $823 billion of home equity into swimming pools, cars, hospital bills and other uses. Of course, those days are long gone.
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The MSR Quandary: Sell Now or Wait? Flow Bids Remain Strong

February 16, 2015
Paul Muolo
With rates low on current production, prices are strong for “flow” transactions.
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Fannie and Freddie Do $56.9B In Multifamily Business in 2014

February 13, 2015
Fannie Mae and Freddie Mac wrote a combined $56.9 billion of multifamily business in 2014, up 4.6 percent from the previous year. Fannie issued $11.4 billion in multifamily mortgage-backed securities in the fourth quarter of 2014, bringing the year’s total to $28.6 billion, mostly through its Delegated Underwriting and Servicing program. That represented a slight uptick from the previous year’s $28.5 billion. Fannie also re-securitized $2.5 billion of DUS MBS through its Guaranteed Multifamily Structures (GeMS) program in the fourth quarter. That brought total 2014 issuance in the program to $12.0 billion, making last year the biggest year for GeMS issuance since the program started. “2014 was a strong year for Fannie Mae multifamily activity on all fronts. The DUS ...
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CFPB Cracks Down on Deceptive Mortgage Advertising

February 13, 2015
Thomas Ressler
The regulator sued All Financial Services, a Maryland-based mortgage broker that plies its trade in the reverse mortgage market.
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What We’re Hearing: Mystery Now Surrounds Sen. Johnson’s CFPB Letter / 46 Exams Sounds Like a Lot, but Is It? / Did HLSS Tell Mangrove to Take a Hike? / The Return of Fat Loan Officer Bonuses?

February 13, 2015
Paul Muolo
From what we understand, HLSS told Mangrove to take a hike…
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