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IMFnews

September 27, 2017

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Bank Retail Production Up in 2Q17, Sales Down

Residential loan sales by banks totaled $151.79 billion in the second quarter, down 7.3 percent from the previous period. Read More

Subservicing Contracts Continue to Grow; Cenlar and Dovenmuehle Dominant Once Again

Subservicers handle 19.0 percent of all homes mortgages in the U.S., Inside Mortgage Finance found… Read More

Freddie Relaxes Appraisal Policies for Trainees

Freddie Mac: “We are also specifying that an unlicensed or trainee (or similar classification) appraiser may perform a completion report…” Read More

BKFS: 100,000 FHA Loans In Puerto Rico Could be at Risk

Overall, there are 500,000 mortgage properties on the island, according to Black Knight… Read More

In New ‘Strategic’ Report FHFA Punts on Zero Capital Issue

So far, speculation regarding a change in the GSE dividend payment has been dead wrong, but there’s still time... Read More

Short Takes: Trade Groups Take Aim at HUD IG Report on Nonbanks / A Pejorative Phrase for Lenders? / CFPB’s Cordray Continues to Master the Phrase ‘No Comment’ / A Gain for PRMG

In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative… Read More

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