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What We’re Hearing: A Nascent Subprime Revival / A 7.0 Percent Yield / Not Roland Arnall’s Subprime / Maybe Wall Street Will Take a Subprime Lender Public / Good News for Arch, Bad News for Genworth / G-Fee Battle Looms

October 30, 2015
Paul Muolo
It makes sense that Fannie Mae/Freddie Mac g-fees should be used to pay for highway repairs. After all, people drive on highways to reach their homes which were bought with mortgages likely guaranteed by the two.
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Short Takes: Will Ocwen Short-Sellers Get Squeezed? / What Will Faris Say About Origination Growth? / Another Loss for NMI / Guild Sets Origination Record / NYDFS Chief Albanese Departs

October 28, 2015
Paul Muolo
The privately held Guild Mortgage, San Diego, said it funded $10.7 billion in home mortgages through the first nine months of 2015...
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Shake Up in Mortgage Division at Citizens Bank

October 26, 2015
Paul Muolo
During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.
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Mortgage Trade Group Chief Marc Savitt to Run for Congress, Again

October 26, 2015
Paul Muolo
As the head of the NAIHP, Savitt has been a frequent critic of the Consumer Financial Protection Bureau...
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What We’re Hearing: Perhaps, CFPB Director Cordray Needs to Understand His Own QM Rule / Most Jumbos are Non-QMs? Not So Fast… / Paying $5,000 for a Realtor ‘Desk Rental’ / Gift Cards Too? / A New Bill on ‘Captives’ and the FHLBs

October 23, 2015
Brandon Ivey and Paul Muolo
Although some lenders love having a desk in a high-volume Realtor’s office, others loathe the practice. “I lost so much business to those places over the years,” he said. “I refused to pay $5,000 for a desk…”
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Short Takes: What Goes Down, Must Go Up (Applications) / Volatility is Here to Stay, for Now / Which Tech Firms was Cordray Referring to? / StoneHill Continues to Hire / Divide and Conquer the Mortgage Industry?

October 21, 2015
Paul Muolo
Due diligence vendor The StoneHill Group is in a hiring mode...
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Short Takes: MBA Chief Advocates for a Future that Includes Fannie and Freddie / One GSE ‘Sin’ Revealed / A ‘Brain Drain’ at Fannie? / Coming Soon: Conforming Limits from the FHFA / Arch Rolls Out Risk-Based Pricing

October 20, 2015
Carisa Chappell and Paul Muolo
One of Fannie’s and Freddie’s reputed “sins” was donating large sums of money to politicians who, in turn, ran interference for them on Capitol Hill...
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Short Takes: Not Ready for TRID? Don’t Worry About It / Nonbank Nonprime Lender Joins an FHLB, Using Captive Insurer / loanDepot Hires Ex-Fannie Tech Executive / CFPB Warns on ‘Free Pass’ Language / NMI Official Joins Lender Live

October 19, 2015
Brandon Ivey and Paul Muolo
It's not everyday that a nonbank, nonprime lender gains access to the Federal Home Loan Bank system...
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After CFPB Gives Guidance, More Lenders Line Up to Dump Their MSAs

October 16, 2015
Thomas Ressler
Meanwhile, two mid-sized lenders told Inside Mortgage Finance on Friday that they too are shuttering their Realtor-related MSAs.
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It’s Fall and Mortgage Hiring is Mostly Flat

October 16, 2015
Paul Muolo
Servicing workers, in particular, feel like they have a target on their backs, thanks to outsourcing and other factors...
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