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California Remains the ‘Golden State’ for GSE MBS

March 6, 2013
Charles Wisniowski
Loans funded in California continue to dominate Fannie Mae and Freddie Mac purchases and MBS, according to a new analysis from Inside The GSEs.
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Short Takes: Does IBM Have the FHFA MBS Platform Contract? / New Penn Expands its Jumbo Products / Another Subprime Capital Raise? / Stonegate Hires Former Homeward Executive

March 5, 2013
Paul Muolo
Speculation is mounting that International Business Machines may have the contract to build the new single-platform MBS unit for FHFA.
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Coming Soon From Fannie Mae and Freddie Mac: a 70BP G-Fee

March 5, 2013
Paul Muolo
The mortgage industry is bracing for a 70 basis point guaranty fee from Fannie Mae and Freddie Mac.
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Turmoil at ASF as Board Members and Firms Quit Securitization Group

March 5, 2013
Brandon Ivey
The American Securitization Forum, a high profile trade group that focuses on MBS issues, is in turmoil with several of its board members quitting.
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Early Signs of Rebound For Piggyback Financing

March 5, 2013
Paul Muolo
It appears that 80-10-10 loan structures are making a comeback in the market, helping homeowners avoid paying private mortgage insurance.
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DeMarco Promises to Update the GSE’s Master Plan for Mortgage Insurance, Force-Placed Policies

March 5, 2013
Charles Wisniowski
FHFA director Ed DeMarco is promising that changes are coming to how the GSEs use mortgage insurance and force-placed insurance.
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FHFA’s DeMarco Promises Movement on Common MBS Platform in 2013, $30 Billion in Risk Sharing, and NPL Sales

March 4, 2013
Paul Muolo
It appears the GSE "common" securitization platform will happen this year.
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Ocwen Says its Servicing Cost for NPLs is Dirt Cheap, India?

March 4, 2013
Paul Muolo
Ocwen's huge overseas workforce has allowed it to lower its servicing costs substantially, at least that's how it appears.
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Short Takes: Fear Surrounding FHA Compare Ratios / Popular Bank To Unload $1 Billion-Plus of Delinquent Loans / CFPB About to Get ‘Trimmed’ / Delinquencies Continue to Fall at Fannie / Okay, Who’s Servicing Sen. Warren’s Mortgage?

March 4, 2013
Paul Muolo and Thomas Ressler
Some lenders are concerned about the coming 'FHA Scorecard' and the ability of certain large funders to make their numbers look good.
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Mortgage Profits at Banks Set New Record, but Peak May’ve Been Reached in 3Q

March 4, 2013
John Bancroft
The mortgage operations of banks and thrifts posted record earnings in 2012, but the momentum may be behind the sector.
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