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Confusion in Congress Regarding Qualified Mortgage Eligibility

May 22, 2013
Brandon Ivey
Reps. Shelley Moore Capito, R-WV and Sean Duffy, R-WI, respectively chairman and vice chairman of the subcommittee, had not viewed the CFPB’s analysis on QM.
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FHA Jumbo Production Picks Up in First Quarter

May 22, 2013
George Brooks
FHA jumbo lenders produced an estimated $5.44 billion in loans over $417,000 during the first three months of the year.
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Republicans Seek to Revise QM Requirements, Maybe a Repeal?

May 21, 2013
Brandon Ivey
Might the controversial "qualified mortgage" rule be repealed? Maybe, if House Republicans have their way.
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HSBC, Wells Fargo Test the NPL Market With Huge Auctions

May 21, 2013
Paul Muolo
Wells Fargo and HSBC are stepping up sales of nonperforming mortgages, while keeping a lid on the details.
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New Ginnie Mae Buyout Policy Eliminates Consecutive Lates

May 21, 2013
George Brooks
MBS issuers, under a new proposal, will have greater leeway in buying delinquent mortgages out of Ginnie Mae pools.
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Citi Names Private Bank Chief to Head Mortgages, More Jumbos?

May 21, 2013
Paul Muolo
Will CitiMortgage be an even greater player in jumbo lending with its new CEO?
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Short Takes: New York Slow on Loan Officer Approvals / GSEs Win Transfer Tax Case / Will the CFPB Unionize? / City National Enters Warehouse Space / Fay Servicing to Ramp up Hiring

May 21, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
New York State may be among the worst in the nation when it comes to approving loan officer applications.
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More GSE Business in Multi-Issuer Pools as Smaller Firms Cope with Depleted Correspondent Channel

May 21, 2013
John Bancroft
Many smaller mortgage lenders are looking for alternatives to selling loans to large national aggregators like Wells Fargo.
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Ocwen Dominates the Subprime Servicing Market with a 33.7% Market Share

May 20, 2013
Brandon Ivey
Ocwen had $155 billion of subprime servicing contracts at the end of the first quarter, more than double its next closest competitor.
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JPMorgan Dumps Mortgage Brokers from USDA Loan Program

May 20, 2013
Paul Muolo
One of the largest USDA mortgage lenders in the U.S. is giving the boot to third-party loan brokers.
Read More
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