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Inside Mortgage Finance

May 30, 2008

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Retail Production Accounted for Over Half Of New Mortgage Originations in Early 2008

The collapse of the subprime and Alt A markets has combined with an industry wide rush to tighter control over credit risk, driving mortgage lenders relying more than ever on retail production.According to a new ranking... [Includes five charts] Read More

GSE Appraisal Deal Appears Headed for Court Challenge As Legal Arguments, Banking Agency Opposition Mounts

The controversial appraisal deal that allowed Fannie Mae and Freddie Mac to settle an investigation by the New York Attorney General may be in legal jeopardy. The Office of the Comptroller of the Currency this week cited “substantial legal issues” with... Read More

Potential Spat Could Develop Over MBS Classification If Conforming Jumbo Program Becomes Permanent

Fannie Mae and Freddie Mac signed off on Wall Street’s decision early this year to exclude new conforming jumbo mortgages from the most liquid and lowest cost mortgage-securities market, but the government-sponsored enterprises are... [Includes one chart] Read More

No Major Stumbling Blocks Expected as Senate Prepares to Take Up Housing Bill

Given the overwhelmingly bipartisan vote on housing legislation approved by the Senate Committee on Banking, Housing and Urban Affairs last week, the bill could expect a generally favorable reception on the Senate floor, according to industry observers... Read More

RESPA Issues Neither Die Nor Fade Away; They Just Reappear in New Rulemaking Efforts

While there may be a better chance this time for meaningful changes to the mortgage settlement process, certain time-worn issues are beginning to resurface and reignite old animosities among stake-holders of Real Estate Settlement Procedures Act reform... Read More

Moratorium Bills Gain Traction in State Legislatures As Lawmakers Act to Save Citizens from Foreclosure

Eleven states so far have considered legislation regarding foreclosure relief and moratoriums this year in an effort to provide more protection to citizens facing foreclosures, according to the National Conference of State Legislatures. Data provided by the... Read More

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