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February 1, 2017

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PHH Argues that Lawmakers Don’t Have Legal Standing to Intervene in its Case Against the CFPB

Further, the lawmakers’ motion is untimely and fails to meet the standard for intervention, the lender argues in its filing. Read More

Depositories Experienced a Sharp Drop in Mortgage Banking Income in 4Q16

In many cases, the fourth quarter drop was due to poor performance on servicing hedges. Read More

Fairholme Letter: We’re Not Speculators; Only the ‘Disingenuous’ Would be Against a GSE Recap

Fairholme: “Only the disingenuous would assert that recapitalization of these companies would take decades and come at taxpayers’ expense…” Read More

CFPB Slams Nonbank Prospect for Violating RESPA

The CFPB also took action against two realty firms: ReMax Gold Coast and Keller Williams Mid-Willamette... Read More

A Bullish Sign for Nonprime: Three Active Originators Working on MBS Deals

Tom Hutchens of AOMS, said “a lot” of his optimism about higher nonprime origination volumes for 2017 is tied to securitization. “This is now a liquid market,” he said. Read More

Short Takes: FGMC Hires Former Ocwen Official to Run Wholesale / A Bullish Sign for Ocwen? / Top 10 Dreams / Housing is a (Single) Girl’s Best Friend? / Mnuchin Nomination Moves Forward

The nomination of investment banker Steven Mnuchin to head the Treasury Department moved forward Wednesday... Read More

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