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Mortgage Origination Volume Held Steady in 2Q13

July 30, 2013
John Bancroft
Mortgage production volume remained steady in the second quarter amid a growing purchase-mortgage market.
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House Panel Passes Measure That Would Override CFPB Rules

July 29, 2013
Thomas Ressler
The House committee again approved legislation taking aim at mortgage rules established by the Consumer Financial Protection Bureau.
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Unidentified Lenders Account For Growing Share of Jumbo MBS

July 29, 2013
Brandon Ivey
Small, unidentified lenders are accounting for an increasing share of contributions to non-agency jumbo mortgage-backed securities.
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Short Takes: Freddie CFO Stresses GSE's 'True Value' / Fortress Fund Seeks MSRs / Whole Loan Purchase / New Policy Advisor at ASF

July 29, 2013
Brandon Ivey
Freddie Mac's CFO said the "true value" provided by the government-sponsored enterprises isn't billions of dollars in profits. Meanwhile, firms continue to pursue mortgage servicing rights.
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Senate Likely to Take Up Mortgage Issues this Week

July 29, 2013
Brandon Ivey
The Senate appears likely to vote on a number of mortgage-related issues this week.
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Merkley Introduces Bills to Expand HARP, Again

July 29, 2013
Charles Wisniowski
Sen. Jeff Merkley, D-OR, is continuing his pursuit to expand the Home Affordable Refinance Program to non-agency borrowers.
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What We’re Hearing: Wells to JVs: Drop Dead, After All / Wells on JV Departure: Dodd-Frank Made Us Do It / CFPB LO Bonus Suit Raises Questions / CoreLogic Units Have to Answer to the CFPB / Carrington Unveils Large Loss

July 26, 2013
Wells Fargo blames regulations for ending its mortgage JVs. Meanwhile, how did the CFPB unearth its information on 'up-selling' at Castle & Cook?
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MSR Asset Mark Ups Average 15 to 20 Percent

July 26, 2013
Paul Muolo
If anything, the second quarter might be remembered as a period in which banks hiked their MSR values significantly.
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FHFA Backs Community-Based Lenders on Mortgages

July 26, 2013
Charles Wisniowski
When it comes to guaranty fees, FHFA has taken "meaningful steps" to level the playing field for community lenders, one agency official testified this week.
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Action on Risk Retention and QRMs Expected in September

July 26, 2013
Brandon Ivey
The Federal Reserve expects to take further action on mortgage risk retention rules in September.
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