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With Money to Burn, Treasury Increases Incentive Payments for HAMP Borrowers

December 5, 2014
Brandon Ivey
Under the changes, the amount of relocation assistance available for short sales and deeds-in-lieu more than tripled to $10,000.
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What We’re Hearing: National Lender Gives Up Profits for Volume? / Too Many Buyers and Not Enough Sellers? / A Hot Topic of Conversation: Nonbank Capital Standards / Another REIT Spin-off?

December 5, 2014
Paul Muolo
Is there anything wrong with conducting a mortgage sale? Of course not, but by giving up profits...
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Appraisal Management Companies and AVMs Set to Face More Scrutiny

December 5, 2014
Thomas Ressler
The pending AMC and AVM rules are designed to protect against the manipulation of data and much more.
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Issuance of Agency MBS Tumbled in November as Purchase Activity Slowed

December 5, 2014
John Bancroft
All three agencies saw double-digit declines in new production, but Fannie Mae experienced the the biggest decline.
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Warehouse Commitments Up Slightly in 3Q; Pricing For Nonbank Borrowers the Best it Has Been in Years

December 4, 2014
Warehouse lenders increased the dollar volume of their commitments to an estimated $31 billion in the third quarter, a 3.3 percent sequential improvement, according to survey figures compiled byInside Mortgage Finance. Compared to the same quarter a year ago, commitments fell by 11.4 percent. But a commitment to lend is just that. Many nonbank borrowers rack up commitments, but the real test of the health of warehouse lending is in usage rates. At First Tennessee Bank, for example, its commitments were...[Includes one data chart]
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Short Takes: Origination Profits Down 6 Percent / Black Knight: Foreclosure Inventory Continues to Head South / Underwater GSE Inventory / Purchase-Money Stand-Outs According to IMF / UWM Names Chief Digital Officer

December 4, 2014
Paul Muolo
If you’re looking to buy a foreclosure for a quick “flip,” you might want to act quickly. Inventory is shrinking rapidly...
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Ocwen’s Expiring Consent Order with the NYDFS Will Remain in Effect

December 4, 2014
Paul Muolo
The original CO established an on-site compliance monitor at Ocwen, one of the nation’s largest servicers of delinquent loans.
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Richey May: Two-Thirds of Mortgage Firms Added Staff in 3Q14

December 4, 2014
Paul Muolo
The fourth quarter of 2014 is turning out to be decent in terms of applications and pipelines.
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Philly Fed: So, Maybe Mortgage ‘Cramdowns’ Aren’t So Bad

December 4, 2014
Brandon Ivey
The Philly Fed argues that a mortgage "strip-down" could make homeowners better off and not harm lenders.
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Refi Originations Came on Surprisingly Strong in 3Q14; Quicken Getting Closer to Wells

December 4, 2014
John Bancroft
The top refi lender through the first nine months of 2014 was Wells Fargo with $38.56 billion, but Quicken wasn’t too far behind at $32.48 billion.
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Latest Imf News

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