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Short Takes: Genworth Moves Closer to Delinking MI Unit / The Hottest Real Estate Markets, According to Veros / Wells Fargo Loses a Regional Production Rep / The Fastest Growing Servicers are Franklin American and Quicken

March 28, 2013
Paul Muolo and George Brooks
Genworth moves closer to delinking from its mortgage insurance unit. Meanwhile, Wells Fargo has suffered the loss of a well-regarded regional rep.
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Banks, Rating Agencies Fear Proposed Changes to Capital Requirements for MBS

March 28, 2013
Brandon Ivey
According to an analysis by Fitch Ratings, the overall charges for a simple jumbo non-agency MBS across all note-holders would increase to between 6.3 percent and 8.2 percent under the new proposal.
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CFPB Goes Live With Expanded Complaint Database, New Legal Worries for Lenders?

March 28, 2013
Thomas Ressler
The launch of the revised CFPB database expands the bureau's consumer complaint apparatus in a major way. It includes a sub-category for many products, including mortgages.
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OCC: Banks See Major Improvement in Residential Late Payments

March 28, 2013
Brandon Ivey
Is the tide turning on residential delinquencies suffered by banks or do the numbers look better because the group is selling legacy MSRs?
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Short Takes: MBA Hikes Origination Forecast, Applications Rise / Rep. Waters Applauds Move to Ban Incentive Payments on Force-Placed / Appraisal Complaints Continue / EverBank is How Large in Warehouse Lending?

March 27, 2013
Paul Muolo
Residential loan production for 2013 may turn out to be better than originally projected, thanks to a vastly improved purchase-money business.
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Credit Unions Want Relief from CFPB Rules

March 27, 2013
Thomas Ressler
The credit union industry has appealed to the U.S. Senate for relief on rules and regulations coming out of the CFPB.
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Armed with $500 Million in Cash, Sterling Now Actively Bidding on MSRs

March 27, 2013
Paul Muolo
Sterling Partners of Chicago is one of many private equity firms eying servicing rights as an investment. But so far, it has yet to win any bids.
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Servicers Will Solicit Candidates Under New FHFA/GSE Modification Initiative

March 27, 2013
Paul Muolo
Severely delinquent Fannie Mae/Freddie Mac borrowers may get a shot at a streamlined refi under a new program unveiled Wednesday.
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FHA Coverage Spikes in January, Wells and Quicken Lead the Pack

March 27, 2013
George Brooks
Try as they might, the government cannot keep a good MI program down. FHA endorsements rose almost 19 percent in January.
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Short Takes: Are Loan Standards Really Loosening? / Two Harbors Looking Frothy? / Oil, Gas, and Servicing / Senate Banking Committee Chairman Retiring? / The Never Dying Story: Force-Placed Insurance

March 26, 2013
Paul Muolo, Thomas Ressler, and George Brooks
Urban legend: mortgage lenders are beginning to loosen loan standards. Well, maybe only for "rich" clients.
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