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Volume 2017 - Number 46

December 1, 2017

GSE and Ginnie Mae Counterparties Could Get Hammered by MSR Language in GOP Tax Bill

Language in the pending Senate tax bill that could hammer the value of mortgage servicing rights is causing grave concern in the industry and, if the wording remains, nonbank mortgage firms could get hammered financially.

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.



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What’s your opinion on how Mick Mulvaney has managed the CFPB since he took over three months ago?

He’s done a good job of paring back the agency’s excesses and we’d like to see more.
I hope he totally dismantles the agency and sends those functions back to the agencies hence they came.
Not bad, but he needs to take his time making additional changes.
We’re totally aghast. He’s gone way too far in protecting the rights of companies not consumers!

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