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IMFnews

June 20, 2017

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Nonbanks to FHFA: We’d Rather You Didn’t Examine Us

Bottom line: Nonbank mortgage firms don’t want another regulator to answer to… Read More

Banks and Thrifts Continue to Backpedal From Mortgage Servicing

Not all depositories are retreating from the MSR market. The credit union industry reported a combined $197.6 billion in mortgage servicing for others at March 31, up 1.5 percent… Read More

AIG Subs Ready First Jumbo MBS Deal. Expected Size: $512 Million

Other contributors to the deal include Stearns Lending, American Pacific Mortgage and Cornerstone Home Lending. Read More

TRID Played a Huge Part in Mortgage Defects Last Year

If there’s a TRID error, secondary market investors will not buy the loan or will pay less for it… Read More

IG Sounds Warning: 87 Percent of HUD’s Tech Systems Near the End of Their ‘Life Cycle’; Math Problems Ensue…

The problem is so bad that HUD is having trouble doing mathematical calculations… Read More

Short Takes: Fed Vice Chair Fischer Says Go with the ‘Explicit’ Guarantee / Asking the Fed’s Opinion on GSE Reform? / FBR Bullish on MI / A Slight Pay Cut for MGIC’s CEO / Ocwen Hires Ex-Stonegate Executive

FBR believes continued changes at FHA will benefit private mortgage insurers... Read More

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