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Erbey: Servicers Now Competing Based on Compliance, Not Price

April 18, 2014
Brandon Ivey
Ocwen's Bill Erbey sees the positive in recent scrutiny of nonbank servicers.
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Mortgage Hassles Keep Share of Cash Home-Purchases at High Levels

April 18, 2014
Brandon Ivey
While mostly associated with investors, a fair share of current homeowners rely on cash for home purchases as a way to avoid the hassles associated with mortgage closings.
Read More

Short Takes: Prediction on FHA Insurance Premiums / Nonbank Servicer Grows / Donovan to Talk Housing / Outlook for Interest Rates

April 18, 2014
Brandon Ivey
The FHA's mortgage insurance premiums could be set to decline at the end of FY 2015.
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Pilot from CFPB Will Aim to Digitize the Entire Mortgage Closing Process

April 18, 2014
Thomas Ressler
The CFPB plans to launch a pilot project as part of its efforts to improve the mortgage closing process.
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NY DFS Probe of Nonbank Servicers Has Frozen Servicing Sales

April 17, 2014
Brandon Ivey
The investigation by the New York Department of Financial Services of nonbank servicers including Nationstar Mortgage and Ocwen Financial has put a halt to servicing sales.
Read More

Loss of Preemption Splinters Mortgage Joint Venture Industry

April 17, 2014
Thomas Ressler
The Dodd-Frank Act prompted major changes for mortgage joint ventures, with some firms striking out on their own and others sticking with the smaller market.
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Trade Groups Continue to Push HUD to Revise FHA’s High-Cost Loan Limits

April 17, 2014
Brandon Ivey
The MBA and others want documentation from HUD detailing the recent reduction to FHA loan limits in certain high-cost areas.
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Judge Denies S&P Motion to Split DOJ MBS Fraud Case, Allows Discovery

April 17, 2014
Charles Wisniowski
Judge in the DOJ's case against Standard & Poor's handed the rating service a mixed ruling.
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Short Takes: No Adverse Impact from State Servicing Laws / National MI Lives Up to Its Name / Assurant Acquires StreetLinks / Credit Score Trends

April 17, 2014
Brandon Ivey
Market fundamentals appear to have blunted the expected impact of Homeowner Bill of Rights laws enacted by three states in 2013.
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Mortgage Production Slumped at Major Banks in First Quarter

April 17, 2014
John Bancroft
Originations by six major banks in the first quarter of 2014 fell by 27.9 percent compared with the previous quarter.
Read More
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