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IMFnews

May 30, 2017

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Jumbo Servicing Increases, Delinquencies Fall

Wells Fargo Home Mortgage and Chase Home Finance continued to dominate the sector… Read More

MBA, NAR, Others Identify HUD Rules They Would Like to See Changed

The Mortgage Bankers Association is seeking clarification of FHA liability standards to entice banks to resume their FHA lending. Read More

House Rules Committee to Meet Next Week on Financial CHOICE Act

Perhaps, parts of the CHOICE Act might be siphoned off and made more politically palatable, such as regulatory relief for small community financial institutions. Read More

Walter Gets Increase in Warehouse Line for Reverse Unit

Walter’s reverse business posted a pre-tax loss of $5.3 million in the first quarter but took in total revenue of $22.5 million. Read More

Ocwen Sues FIS Over MSR Monitoring Contract; Says Workers Visited Strip Clubs on Ocwen’s Nickle

The servicer alleges that “illegitimate time” was billed to the company for hours FIS workers spent “patronizing strip clubs and casinos.” Read More

Short Takes: Ocwen Registers More Stock / A 12 Day Wait to Announce / The Fidelity Empire / No Income Verification for Flippers / Norcom Hires Reverse Chief

All Credit Considered Mortgage is offering investment-property mortgages that do not require verification of the borrower’s income or employment. Read More

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