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Fannie Moves Closer to Selling Nonperforming Mortgages, Hires Milestone

February 13, 2013
Paul Muolo
Fannie Mae is working on a plan to sell billions of dollars of nonperforming loans in the second quarter.
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Industry Expects GSEs to Double Seller Net-Worth Minimum

February 13, 2013
Paul Muolo
Officially, the GSE net-worth minimum is set at $2.5 million, but some in the industry think it will double eventually.
Read More

Industry Can Question CFPB on Mortgage Rule Interpretations

February 13, 2013
Paul Muolo
The CFPB said mortgage lenders can ask the agency "important" interpretation questions on the many rules that it finalized this year.
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Obama to Congress: ‘Take a Vote and Send Me’ HARP 3.0

February 13, 2013
Charles Wisniowski
President Obama, during his State of the Union address, urged Congress to get the HARP 3.0 refinancing program off the ground.
Read More

Short Takes: Is PennyMac Really a Subsidiary of PNC? / 5 Percent Will be the Downpayment Threshold in the QRM Rule / Yet Another New Player in Mortgage Insurance / MIAC Selling MSRs

February 12, 2013
Paul Muolo
Is PennyMac Financial Services, which just filed for an IPO, really part of PNC?
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CFPB Warns Servicers on MSR Transfers, Nonbanks Targeted

February 12, 2013
Brandon Ivey
The CFPB has warned the mortgage banking industry that it should pay close attention to loss mitigation work when servicing rights are transferred.
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FHA Likely to Price Its Way to Lower Market Share

February 12, 2013
John Bancroft
FHA single-family production rose 22.3 percent in 2012, but another increase in the mortgage insurance premiums will likely accelerate the program’s three-year decline in market share.
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JPMorgan Chase Working on Jumbo MBS

February 12, 2013
Paul Muolo and Brandon Ivey
JPMorgan Chase is working on a jumbo MBS deal but it may place the bond in the the private market.
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FHFA Kills Plan to Lower Force-Placed Insurance, But Fannie Adamant

February 12, 2013
Paul Muolo
The Federal Housing Finance Agency this week killed a plan being heavily promoted by Fannie Mae to reduce force-placed insurance rates.
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Short Takes: BlackRock Hikes Stake in Redwood / Nationstar Has No Shortage of Bankers / Fed Governor Worries About MBS-Investing REITs / Dems Want Action on DeMarco’s Successor / Radian Loses Money But…

February 11, 2013
Paul Muolo and Charles Wisniowski
Is BlackRock up to something regarding its investment in Redwood Trust?
Read More
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