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Bank Selling ‘Flow’ Servicing That Could Reach $600 Million a Year

October 10, 2016
Paul Muolo
Based on past production trends of the seller, 52 percent of the loans originated will come through the correspondent channel.
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Short Takes: Wells Fargo, Still the Number One Ginnie Issuer … for Now / Who Will Replace Ibrahim at Radian? / Clayton in the News / The GSE Net Worth Sweep: What did President Obama Know?

October 10, 2016
Paul Muolo
Who will succeed S.A. Ibrahim at Radian? We've heard two names...
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What We’re Hearing: The Best Place for an LO? Answer: At a Nonbank / How Wells Fargo Grades its LOs / Remember FM Watch? / Jump? How High? / Pingora Continues to Buy MSRs / The Revolving Door at Clayton / Wornow and Hughes Land

October 7, 2016
Paul Muolo
Want to make more money? Go work for a nonbank. Want better job security? Work for a depository...
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Securitization Market Revved Up in 3Q16, Reaching Three-Year High

October 7, 2016
John Bancroft
Single-family MBS issuance jumped 25.7 percent during the third quarter to $440.77 billion…
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A Minor ‘Realignment’ at Clayton Holdings: Pollock Named Chief Revenue Officer; Capital Markets Chief Wornow Out

October 7, 2016
Paul Muolo
Radian agreed to buy Clayton in May 2014 for $305 million.
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Redwood Set to Issue Third Jumbo MBS of the Year; New Bond Includes FHLB Loans

October 7, 2016
Brandon Ivey
On average, the loans have seasoned just 1.9 months, one of the fastest turn times for a jumbo MBS in recent years…
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Want ‘Cure’ Provisions in TRID? You’d Better Ask Congress

October 7, 2016
Thomas Ressler
In its proposed rulemaking, the CFPB clearly indicated it was not going to re-open the substance of the rule and address what it considered policy issues…
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GSE Purchase Business Hit Post-Crash High in 3Q16

October 6, 2016
John Bancroft
Freddie Mac’s third-quarter MBS business was up 36.0 percent from the previous period, thanks to a whopping 43.6 percent jump in purchase-mortgage business…
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They’re Back: Cash-out Refis

October 6, 2016
Brandon Ivey
Cash-out refis are propping up the refi market, said one analyst.
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Fairholme Says GSE Document ‘Floodgate’ About to Open; At Stake: $2.4 Billion of Fannie/Freddie Jr. Preferred

October 6, 2016
Paul Muolo
In a letter to its shareholders, Fairholme called the GSEs “two of the best businesses ever owned by the funds.”
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Latest Imf News

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Featured Data

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