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Freedom Mortgage Buys $25 Billion of Servicing Rights from Stearns Lending

February 8, 2018
Paul Muolo
In the summer of 2015, The Blackstone Group bought a controlling interest in Stearns.
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Better Mortgage Launches Refi Program for Airbnb Hosts, Providing Favorable Treatment to Income from Primary Residences

February 8, 2018
Brandon Ivey
Better Mortgage will use a borrower’s average Airbnb earnings from the last 24 months...
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Short Takes: The Top VA IRRRL Lenders / Tax Cuts Coupled with More Government Spending, a Recipe for Disaster? / If Habib’s Interest Rate Prediction Comes True, Watch Out Below / CFPB Wants Feedback on Enforcement Processes / A New Title for Amy Brandt

February 8, 2018
Paul Muolo and Thomas Ressler
Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business…
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More Ominous Signs for Walter/Ditech: CEO Tony Renzi Departs with No Successor Named

February 8, 2018
Walter Investment Management Corp. had hoped to emerge from bankruptcy protection by the end of January, but now has a new problem on its hands: no CEO and no guidance on when it might actually have one. At press time, the revised target date to emerge from bankruptcy was Feb. 9.
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Retail Loans Less Risky in Agency Market

February 7, 2018
John Bancroft
Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios…
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Guaranteed Rate Hires Quicken Executive as New President of Online

February 7, 2018
Paul Muolo
At Quicken, Lombardi served as director of mortgage banking.
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Freddie Mac Looks to Carve Out New Niche for Specified Pools

February 7, 2018
Carisa Chappell
Mortgages with low loan balances appeal to investors because of their lower prepayment risk…
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Mortgage Servicers Worry about Bankruptcy Provisions in CFPB Rule

February 7, 2018
Thomas Ressler
As of April 2018, mortgage servicers will have to send monthly billing statements to consumers in active bankruptcy cases…
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MBA Chairman Motley Hopeful that HUD Will Act Soon on FHA Clarifications

February 7, 2018
Paul Muolo
The trade group chief said uncertainty still exists around FHA loan level certifications…
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Short Takes: The FHFA Version of Mick Mulvaney / Political Appointees at the FHFA? / Waiting on Hensarling’s GSE Draft / A Strong Profit for Genworth / Reverse Lender Goes Forward

February 7, 2018
Paul Muolo
Rep. Hensarling, a Republican from Texas, has yet to unveil a legislative blueprint…
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