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Investor That Settled Insider Trading Charges Amasses a 10-Percent-Plus Stake in Ocwen

January 24, 2018
Paul Muolo
Ocwen is trying to put its regulatory problems in the rearview, while focusing on being a subservicer…
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New CFPB Memo Solidifies Mulvaney’s Edict to Respect the Rights of Financial Service Providers

January 24, 2018
Thomas Ressler
CFPB's Mulvaney: “If the CFPB loses a court case because we pushed too hard, we simply move on to the next matter. But where do those that we have charged go to get their time, their money, or their good names back?”
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A Large 4Q17 Loss for Capital One. Mortgage Charges Part of the Hit

January 24, 2018
Paul Muolo
In November of last year, Capital One disclosed it would exit the mortgage business, which it entered eight years ago by purchasing Chevy Chase Bank.
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Deephaven Readies New Nonprime MBS with Mortgages from Angel Oak, Impac, 61 Others…

January 24, 2018
Brandon Ivey
In total, 63 lenders contributed to the new MBS from Deephaven…
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HomeStreet’s Originations Declined in 4Q, but Mortgage Net Income Boosted by Tax Changes

January 23, 2018
Brandon Ivey
HomeStreet ranks 41st among all residential lenders, according to Inside Mortgage Finance…
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CFPB Chief Mulvaney Hangs Tough in Nationwide Biweekly Case

January 23, 2018
Thomas Ressler
However, the bureau eventually pressed ahead, arguing to uphold the judgment against the biweekly lender…
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A Delinquency Crisis: Hurricanes Wreak Havoc on FHA Performance. Nearly 30 Percent of FHA PR Loans ‘Past Due’

January 23, 2018
John Bancroft
A staggering 15.8 percent of the island commonwealth’s FHA loans were more than 90 days late as of Dec. 31, and another 13.0 percent were 30-90 days in arrears.
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Short Takes: An Ugly Few Months for Fannie, Freddie Common / Canary in a GSE Coal Mine: Layoffs at Pershing Square / GSE DTA Charges Coming Soon / Arch Cautious on NJ, CT / Hamilton Hires Ex-Warehouse Exec

January 23, 2018
Paul Muolo
Pershing Square plans to cut almost one-fifth of its staff. One of the casualties: Ackman’s personal driver…
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Guild Agrees to Buy Cornerstone in What Could be a Busy Year for M&A

January 23, 2018
Paul Muolo
“Both sides have gotten to know each other very well, so the intangibles and cultural fit are expected to be very strong,” said investment banker Mark Stafford of MS Capital Advisors.
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An Origination Gain for Flagstar Bancorp, but Company Posts Loss Because of Tax Bill

January 23, 2018
Paul Muolo
Flagstar's serviced-for-others portfolio increased to 442,000 loans from 415,000 in 3Q17, but a large chunk of that represents subservicing arrangements.
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Latest Imf News

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