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IMFnews

July 11, 2018

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The Fed of New York Likes What it Sees on ‘Fintech’

The Fed report focused on the origination of FHA mortgages, which are generally more risky than loans eligible for sale to GSEs… Read More

Moody’s Warns that Non-Agency Underwriting Standards Could Deteriorate

Under the Economic Growth, Regulatory Relief and Consumer Protection Act, banks with less than $10 billion in assets can receive QM treatment for certain loans... Read More

New FHA Commissioner Montgomery: Risk-Sharing with PMIs not a Priority

FHA Commissioner Brian Montgomery on risk-sharing with private MI firms: Not an immediate concern… Read More

Verus Affiliate Set to Issue Largest Post-Crisis Nonprime MBS to Date

Roughly 44.6 percent of the loans were underwritten with alternative documentation or bank statements… Read More

PMI Analysts Look at Fannie’s New MI Pilot, Wondering If It Poses a Threat

But there’s a catch for lenders: Originators will have to pay an additional loan-level price adjustment… Read More

Short Takes: Show FHA the Money / Blame COBOL / Home Point Lops Off Some Branches / StoneHill Expands / A Key Hire for Equity Prime Mortgage

Home Point Financial, Ann Arbor, MI, said it will “transition” some of its East Coast retail branches to Northpointe Bank... Read More

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