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IMFnews

September 12, 2017

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On a Roll: Fourth Consecutive Monthly Gain for GSE MBS Issuance

Fannie and Freddie lost some market share during the second quarter, according to preliminary figures compiled by Inside The GSEs. Read More

CFPB Eyeing the Equifax Mess, Forced Arbitration an Issue

“Equifax’s credit monitoring product contains a mandatory arbitration clause that denies people their right to join together to sue the company for wrongdoing,” the bureau spokesman said. Read More

KBW on PHH: More Value if the Servicer Liquidates ‘Relatively Quickly’

KBW noted: “We think there likely will be more value if the company is able to liquidate relatively quickly…” Read More

No Experience Required: Guaranteed Rate’s Program Will Train 100 Workers in CA

Liftoff promises that participants will get instruction on sales itinerary and be prepared for a loan licensing exam. Read More

Credit Unions as ‘Players’ in the MSR Market? Interesting, but…

Second, it’s unclear if a CU wanting to buy receivables from another shop would face “membership” issues… Read More

Short Takes: Former DB Exec Paul Mangione Slammed in DOJ Civil Complaint / Fort Schuyler Advisors? / Angel Oak Passes $7B Mark / Richard Cordray? / A New CFO for LenderLive

As IMFnews went to press, Mangione could not be reached for comment. He currently heads Fort Schuyler Advisors... Read More

White House Finally Issues ‘Intent’ to Nominate Notice on Brian Montgomery for FHA Commissioner

While in the Bush White House, Montgomery assisted in HUD’s recovery and rebuilding efforts along the Gulf Coast and New Orleans following Hurricane Katrina. He is expected to play a similar role in the wake of hurricanes Harvey and Irma. Read More

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