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August 9, 2017

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The Red Ink Keeps Piling Up at PHH; Revenue Plunges 43 Percent in 2Q

At June 30, PHH had commitments to sell $52.3 billion of mortgage servicing rights. Read More

Impac Shifts Production Away from GSE Mortgages to Non-QMs and Government-Insured Loans

In trading Wednesday, Impac’s share price was down almost 6 percent… Read More

In 2Q17, Correspondent Channel Held Up in a Shifting FHA/VA Market

Brokers saw the biggest increase in FHA business, with volume up 14.5 percent… Read More

Investors Love Mortgage REITs, Nonbanks Not So Much; Another IPO Try for loanDepot?

Industry consultants contend that loanDepot – the nation’s 10th largest overall originator – still hopes to go public one of these days… Read More

Mortgage Hiring Flat but Some Firms Continue to Add Heads

Citadel Servicing Corp., Irvine, CA, is also looking for a correspondent sales rep for the East Coast... Read More

Short Takes: The FCA and VA Loans? / CFPB to Zillow: You’d Better Settle / Some Details on JPM’s New Non-Agency MBS / Buying a Home Without Ever Seeing It / Altisource Hires Nomura Executive

Morningstar said the ratings were discontinued due to a request from Ocwen... Read More

FHFA Chief Concerned about GSE Zero Capital Buffer, but Doesn’t Want to Promote ‘Recap and Release’

Watt, a former Congressman, wants Congress to reform the GSEs legislatively to solve their conservatorship status and find a path forward for the two enterprises. Read More

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