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Former ASF Members, Including Wells Fargo, Working on New Trade Group

March 15, 2013
Brandon Ivey
Several members that recently bolted from the American Securitization Forum are forming a new trade group.
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Vote Scheduled for Tuesday on Nomination of Richard Cordray to Head the CFPB

March 15, 2013
Thomas Ressler
On Tuesday the Senate Banking Committee will hold a vote on the nomination of Richard Cordray to head the CFPB. Does this mean the GOP is warming up to him or is something else afoot?
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New Bill Bans G-Fee Hikes From Offsetting Government Spending

March 14, 2013
Charles Wisniowski
Proposed legislation would ban the use of guaranty-fees to pay for non-housing federal expenditures.
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Head of Retail for CitiMortgage Bolts for Nationstar Mortgage

March 14, 2013
Paul Muolo
A top production executive from CitiMortgage has departed the megabank for the pastures of Texas and Nationstar Mortgage.
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Short Takes: Freddie Still Owed $1.2 Billion From Lehman / Citi Buys NPLs from Wells / HLSS Buys Servicing Rights From Ocwen / Ross Joins Ocwen / MI Firms Fear the QRM

March 14, 2013
Paul Muolo and George Brooks
Freddie Mac is still owed $1.2 billion from Lehman Brothers, which went bust five years ago. Also, Wells Fargo sells NPLs to Citigroup.
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Agency Jumbo Volume Tops Record: Inside Mortgage Finance Tally

March 14, 2013
John Bancroft
Not only was the jumbo market on a roll last year but the GSEs were major players, according to new figures compiled by Inside Mortgage Finance.
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Points-and-Fees Legislation Would Supplant CFPB Definition

March 14, 2013
Thomas Ressler
Among other things, the bill removes from the calculation of fees and points Fannie Mae and Freddie Mac loan level price adjustments.
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Short Takes: A New FHFA Director to Be Unveiled Soon? / Nonbanks and Jumbos? / Rep. Ryan Plan to Kill the GSEs DOA / Apps Take A Tumble / Sen. Elizabeth Warren, Silent but Not for Long

March 13, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Will the White House soon unveil its FHFA director candidate?
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Meanwhile, Shellpoint May Issue a Jumbo Deal by Mid-Year

March 13, 2013
Paul Muolo
Activity in the jumbo MBS market is hopping.Shellpoint Partners is targeting mid-year for its first deal.
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GOP Campaign Against the CFPB Opens on a New Front

March 13, 2013
Thomas Ressler
The chairman of the House Banking Committee wants clarification from the Federal Reserve on the central bank's transfer of funds to the CFPB.
Read More
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Latest Imf News

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