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Mortgage Insurers Post Banner Year in 2013, Deepest Penetration in Five Years

February 20, 2014
John Bancroft
Radian and United Guaranty were co-champs of the MI league last year. Radian reported the largest new insurance written figure, $55.04 billion.
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Treasury Memo From 2010 Cites Obama’s Intent to Block GSE Shareholders from Profits

February 19, 2014
Charles Wisniowski
Public mention of the Treasury memo was first made earlier this month by former Solicitor General Ted Olson at a GSE shareholders rights advocacy forum in Washington.
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31 Percent of Lenders Will Keep All of Their ‘New’ MSRs

February 19, 2014
Paul Muolo
The survey, conducted through the IMF website, also found that 35 percent of participants plan to sell “some” of their MSRs, but only as needed.
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Parkside Lending Sees Rewards in Non-QMs

February 19, 2014
Brandon Ivey
The firm recently launched Parkside Mortgage Trust, a REIT that will purchase non-agency loans originated by its affiliate.
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Short Takes: Houlihan Lokey Beefs Up Mortgage M&A Staff / Parent of Warehouse Bank in Play / Essent Doubles MI Policies Written / Luxury Mortgage Sold / Jumbo MBS Investors Benefit From Declining Refis

February 19, 2014
Paul Muolo and Brandon Ivey
Matt Monahan is expected to aid HL as it tries to take advantage of a red hot market for servicing sales. A former deal maker at Cohane Rafferty Securities, he will beef-up HL’s mortgage sales force.
Read More

MBA Losing Sleep Over Regulatory Reaction to Nonbanks in MSRs

February 19, 2014
Brandon Ivey
Two nonbanks among the top five servicers now control almost 9 percent of the residential receivables market. Should regulators be worried? Should the MBA?
Read More

With CFPB’s Major Rules in Effect, Focus Now Turns to Examinations

February 19, 2014
Thomas Ressler
One area on the bureau’s short list is compliance under the Home Mortgage Disclosure Act.
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Residential Finance Corp. Sells MSRs to PMAC

February 18, 2014
Paul Muolo
In an email exchange with IMFnews, RFC's Stein confirmed the sale, but declined to provide any details including the size of the MSRs or the purchase price.
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Short Takes: CFPB in India? Not Likely / BofA Admits Mortgage Layoffs But No Details / Wingspan Not Done Buying / 360 Mortgage Continues to Hire Wholesale Staff / Trade Group Wants Lower FHA Premiums

February 18, 2014
Paul Muolo
Mortgage companies with back-office operations overseas don't have to worry about the CFPB examining their off-shore staff, at least not anytime soon.
Read More

Short-Sellers Targeting Select Mortgage Stocks

February 18, 2014
Paul Muolo
Why are speculators shorting mortgage stocks? Answer: The "servicing trade" might be over, but not everyone believes that.
Read More
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