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Home » Topics » News » IMFnews

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RESPA/TILA Integration Could be a Total Nightmare, Experts Say

September 12, 2014
Thomas Ressler
One webinar panelist noted: "It reconfigures every disclosure that we had before."
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For Now, the FHFA is All Alone in Its Stand Against Captive Insurers Joining the FHLB System

September 12, 2014
Paul Muolo
The proposed ban is coming under heavy fire from different factions of the mortgage industry, including the Council of Federal Home Loan Banks, REITs and even private investors that own mortgage stocks.
Read More

How Much Capital is Enough for a Nonbank?

September 11, 2014
Thomas Ressler
Capital standards for nonbank mortgage firms is inevitable. But what should the requirement be?
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Short Takes: Altisource Unveils Broker Launch / If You Had Bought MGIC Stock Two Years Ago… / UGI and Other MIs Offer Rescission Relief / The ‘Jumbo Three’

September 11, 2014
Paul Muolo
Altisource Portfolio Solutions has rolled out a new operating platform for brokers, table funders and third-party vendors.
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Ocwen Tells Analysts that MSR Transfers Will Be Much Lower

September 11, 2014
Paul Muolo
it appears the halcyon days of legacy MSR sales are over. Or so Ocwen is telling Wall Street.
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NAFCU Warns that a G-Fee Hike May Force CUs to Use FHA More

September 11, 2014
Charles Wisniowski
“If g-fee increases were being used to build up enterprise reserves, instead of being swept under the Treasury agreement, we would be more open to such increases,” said the CHLA.
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2Q Jumbo Production Had Better Growth Than Overall Market

September 11, 2014
John Bancroft
Lenders financed $11.9 billion of conforming-jumbo mortgages – loans greater than $417,000 – through Fannie, Freddie and the FHA during the second quarter.
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Industry Vet Willie Newman Establishes New Platform, Agrees to Buy $1 Billion-Plus Lender

September 11, 2014
Paul Muolo
“Our intention is to be a top tier lender,” said Newman.
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Short Takes: Nonbanks Rule in the Capital Category? / Don’t Even Ask About the Wells-Ocwen MSR Deal / Mortgage Applications Tank / Fannie and Freddie Beat the Tax Man / Cordray on HMDA

September 10, 2014
Paul Muolo, Thomas Ressler, and Charles Wisniowski
We understand that when stock analysts meet with Ocwen management, executives at the nonbank usually tell them to not even ask about the deal.
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Sen. Warren Grills Regulators Over Lack of Mortgage Banker Prosecutions

September 10, 2014
Thomas Ressler
Sen. Richard Shelby, R-AL, agreed with Warren’s criticism of the government’s failure to prosecute individual bankers, but he faulted the Department of Justice, not financial regulators...
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