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As Originations Decline, Lenders Concerned About Competition and Lower Profits

March 27, 2017
Brandon Ivey
Issues involving regulatory compliance have declined significantly under the Trump administration.
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Charbonneau & Associates Working on Two M&A Deals

March 27, 2017
Paul Muolo
When it comes to mortgage banking M&A, it’s still a seller’s market…
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Grants Help Launch 15 New Mortgage Brokerage Shops

March 27, 2017
Brandon Ivey
The NAMB KickStart program provides a grant of up to $10,000 to help a mortgage broker launch his or her own shop. The money comes from UWM.
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Short Takes: Delusional Mortgage CEOs? / A Nice Comeback for BofA / Phil Bracken for Ginnie Mae President? / SunTrust’s Online Lending Affiliate / Falling Still: The Yield on the Benchmark 10-Year Treasury

March 27, 2017
Paul Muolo
In 2009, BofA’s stock fell to as low as $3.95 a share. Today, it trades for $22.86, an increase of 478 percent…
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With Trump in Power, the CFPB is Hardly Bashful About Pressing Enforcement Actions

March 24, 2017
Thomas Ressler
Presumably the bureau is going to keep bringing enforcement actions like this until a final resolution is reached curbing its authority, the attorney noted…
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What We’re Hearing: No GSE Capital in Nine Months / But Don’t Sweat It / Mel Knows / Fairholme’s Bad Bet on Sears / Impac Borrows Against Fannie Mae MSRs / Blend’s Clients Include Movement Mortgage

March 24, 2017
Paul Muolo
Not only does Fairholme own Fannie and Freddie shares, it has an investment in Sears, the troubled department store chain...
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Fitch the 2016 Rating Service King in Both Non-Agency MBS and Non-Mortgage ABS

March 24, 2017
John Bancroft
S&P finished a close second with a 53.6 percent market share.
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Proposal to Curb ‘Rating Shopping’ Met with Skepticism

March 24, 2017
Brandon Ivey
Esaki and White propose allowing issuers to choose any number of rating services to submit credit support levels for a particular MBS or ABS, paying a bid-preparation fee for each estimate.
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A New Low for Walter’s Share Price: 64 Cents

March 24, 2017
Paul Muolo
When Walter Investment released fourth quarter results last week it declined to hold a live earnings call – somewhat of a rarity…
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Ratings Services Skeptical About Former S&P Official’s Proposal to Address Rating Shopping

March 24, 2017
A proposal from a former high-ranking official at S&P Global Ratings to reduce incentives for rating shopping has been met with skepticism and resistance from officials at other rating services. Howard Esaki, the former global head of securitization research at S&P Global Ratings, and Lawrence White, a professor of economics, NYU Stern School of Business, recently published a proposal to reform the process for how rating services are selected to grade MBS and ABS. They said...
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