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Short Takes: Jumbo MBS Almost Perfect / Consumer Advocates' Mod Tactics / Update on RCS / Lennar Acquires Pinnacle Mortgage

August 19, 2014
Brandon Ivey
Of the more than 50 jumbo mortgage-backed securities issued since 2010, only one has taken a loss.
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Pershing’s Second GSE Lawsuit Seeks ‘Net Worth Sweep’ Injunction

August 19, 2014
Charles Wisniowski
Unlike the various 20 lawsuits filed against the government, Pershing Square Capital Management's legal actions focus on common shareholders.
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SEC Subpoenas Ocwen Regarding Business with Related Companies

August 19, 2014
Brandon Ivey
Ocwen received a subpoena from the Securities and Exchange Commission and another subpoena from the SEC appears to be on the way.
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Lenders Concerned About FHA’s ‘Gotcha’ Enforcement Tactics

August 19, 2014
Brandon Ivey
Lenders spend an inordinate amount of time responding to FHA indemnification requests about minor concerns that in many cases are ultimately revoked, according to the Mortgage Bankers Association.
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Short Takes: Nationstar Creates President’s Post at Champion / Who’s Selling the $27 Billion of MSRs? / Yet More Non-QM Menu Announcements / Moody’s Ready to Update Jumbo Criteria

August 15, 2014
Paul Muolo and Brandon Ivey
Mystery continues to surround the seller of that $27 billion MSR package...
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Quicken Remains No. 1 FHA Funder as Others Intentionally Shrink

August 15, 2014
Paul Muolo
Many banks are beginning to shy away from the product as the Inspector General of the Department of Housing and Urban Development and Justice Department take banks to task for underwriting flaws.
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Subprime Holdings at Fannie and Freddie Continue to Run Off

August 15, 2014
Brandon Ivey
Fannie and Freddie held a combined $252 billion in Alt A and subprime mortgage assets at the end of June, down 18.3 percent from the second quarter of 2013.
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Nationstar Mortgage Cuts 160 Servicing Workers in ‘Performing’ Unit

August 15, 2014
Paul Muolo
Over the past year, several top ranked depository lender/servicers have cut staff, but there has been less bloodletting at the nonbanks.
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Redwood Trust Gets Aggressive on Recruiting Jumbo Sellers

August 15, 2014
Brandon Ivey
Redwood, which had 140 active sellers at the end of June, plans to start testing its high-balance loan program with the FHLB system in the fourth quarter of this year.
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Strong Demand in Secondary Market for Re-performing Mortgages, But Prices Look Frothy

August 15, 2014
Brandon Ivey
Bargain prices in the re-performing mortgage market may be a thing of the past.
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Latest Imf News

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Featured Data

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Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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