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June 25, 2018

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Wells Fargo Cuts 100 Workers at South Carolina Location

Applications have picked up in April, May and June but firms that focused too heavily on refis are now feeling the heat. Read More

New York Fed: CFPB Oversight Doesn’t Reduce Mortgage Lending

Fed researchers examined data before and after July 2011, when the CFPB began operation… Read More

Originator of Mortgages in Non-Agency MBS from Credit Suisse Purposefully Unidentified

Presale reports for non-agency MBS backed by new originations typically identify lenders that account for at least 5.0 percent of the contributions… Read More

FHA Officials Raise Concerns about Rising DTI Ratios, Risk Layering

At the same time, there has been an increase in the share of loans with downpayment assistance… Read More

Phoenix Capital Selling $1.2B of GSE MSRs

The seller of the bulk package is a depository that lends heavily in the South… Read More

Short Takes: A Shift on GSE Thinking? / loanDepot Resumes / Job Cuts at Finance of America / Product Update from Arch / A New Mortgage Hire for BBVA

In early June, Finance of America filed a layoff notice on 43 workers in Roseville, CA. Read More

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