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IMFnews

May 30, 2018

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The Beat Goes On: GSE Credit Scores Much Higher Than on Ginnie Product

During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac. Read More

CFPB Chief Mulvaney Emphasizes What the CFPB Cannot Do

Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review. Read More

Lone Star Stays the Course with New Nonprime MBS

On average, mortgagors documented $426,633 in liquid reserves... Read More

Another California Mortgage Casualty: First Cal

Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation. Read More

Leading Candidate for Top MBA Job Says He’s Not Interested

Candidates for the job have included Kevin Shavers, Robert Broeksmit and others… Read More

Short Takes: Time to Cut Pay for Loan Officers? / Something Has Got to Give / New Rez Readies Non-Agency MBS / Ocwen CFO Resigns / Calyx Hires Sales Chief

loanDepot CEO Anthony Hsieh: “Something’s got to give." Read More

Surprise: Citizens (a Bank) Agrees to Buy 19th Largest Originator FAMC for $511 Million

A commercial bank buying a large mortgage company? Yes, indeed... Read More

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