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Industry Angst Over TRID Remains Sky High, Survey Finds

November 3, 2015
Thomas Ressler
When asked about complying with the complex TRID rules, 32 percent of respondents cited “collaborating with stakeholders” as their top issue...
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Short Takes: Hedging Decisions by a GSE With No Capital / Hedging Ain’t Easy / As the Portfolio Shrinks, So Too Will the Need to Hedge / CMLA Urged a Recap Early On / New Hires at Norcom Mortgage

November 3, 2015
Paul Muolo and Carisa Chappell
Keep in mind that hedging can be a tricky business, whether you're a GSE or not...
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Short Takes: The White House View on the GSEs’ ‘Flawed’ Charters / A Message Investors Unite Won’t Like / Innocents? / New Jumbo Deal From Five Oaks / PennyMac a Stand Out / Ed DeMarco, HUD Secretary?

November 2, 2015
Paul Muolo
Among the top ten residential lenders, CitiMortgage and Bank of America had the weakest growth rate...
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GSE Reform is Dead Until After the 2016 Election, Except for One Tweak: CEO Pay

October 30, 2015
Thomas Ressler
There is one GSE issue that Democrats and Republicans see eye-to-eye on: capping the pay of CEOs working for Fannie Mae and Freddie Mac.
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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
Paul Muolo and Brandon Ivey
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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