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FHFA COO Acquitted of Charges He Threatened Former FHFA Director

November 26, 2014
The case against the Federal Housing Finance Agency’s chief operating officer ended last week after a Washington, DC, Superior Court judge found Richard Hornsby not guilty of making violent threats against former FHFA Acting Director Edward DeMarco.Judge Juliet McKenna acquitted Hornsby of two misdemeanor charges of attempted threats to do bodily harm to DeMarco.
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Short Takes: How Much Will RBS Pay the GSEs? / Citizens in the Hunt for LOs / Did Anyone Think the FHFA Was Going to Lower Loan Limits? / When in Rome…

November 25, 2014
Paul Muolo
But did anyone really think the FHFA was going to reduce the GSE loan limits? Really…
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Under FHFA Policy Change, ‘Qualified’ Foreclosed Homeowners Can Repurchase Their Homes

November 25, 2014
Charles Wisniowski
Prior to FHFA’s new directive, Fannie and Freddie required homeowners who have been through foreclosure and want to buy their home back to pay the entire amount owed on the mortgage.
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Will PIMCO’s Investment in Nonprime Lender Pave the Way for Other Deals?

November 25, 2014
Paul Muolo
Another new entrant to the nonprime space is Garrison Investment Group, a private equity firm that late last month bought Hilco Real Estate Finance.
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So, You Thought the CFPB Was Done With Its Mortgage Rulemaking?

November 25, 2014
Thomas Ressler
However, the rule is not clear on how many times this could occur over the life of the mortgage.
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Lenders Urge Feds to Restore 100 Percent Risk-Weighting for MSRs, More

November 25, 2014
George Brooks
Banks may be forced to sell mortgage servicing rights in bulk or on a flow basis if Basel III doesn't go their way.
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Subprime Mortgage Servicing Rights Draining Away

November 25, 2014
Brandon Ivey
Although Bank of America has been dumping MSRs aggressively over the past two years, its subprime servicing portfolio has declined at a gradual pace.
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Short Takes: So, Where’s the Housing Bubble? / Altisource Buys Owners.com / A $1 Billion Quarter for FGMC / Delinquencies at Freddie Continue to Fall

November 25, 2014
Paul Muolo
What exactly is Owners.com? Launched in 1996, it’s supposedly the largest directory of homes for sale by owners. In other words, they don’t use traditional Realtors…
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$50 Billion Worth of Servicing ‘Bulk’ Deals Between Now and Yearend?

November 24, 2014
Paul Muolo
Interactive Mortgage Advisors alone is working on $10 billion worth of deals...
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Correspondent Channel Posted Biggest Origination Gain of the Quarter

November 24, 2014
John Bancroft
Wells Fargo reported a 2.1 percent drop in its correspondent originations from the second quarter to the third, and its year-to-date volume was down 57.3 percent.
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