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Inside Mortgage Finance

October 31, 2019

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Analysis: Maybe Treasury Should Settle with the GSE Plaintiffs

As the GSE recap-and-release avalanche continues, there’s increasing chatter in the market that Treasury is open to a legal settlement with Fannie/Freddie shareholders. A crazy idea? Maybe not. Read More

HPS Inks Deal to Buy Top-Ranked Non-QM Lender Citadel

HPS Investment Partners, a firm chock full of Wall Street veterans, has agreed to buy non-QM lender Citadel Servicing Corp. After the sale closes, CSC founder and CEO Dan Perl will part ways with the firm. Read More

Nonbanks Expand Further in 3Q19 Mortgage Servicing

The top five servicers managed a meager 0.5% increase during the third quarter despite big gains at NewRez and PennyMac. Nonbanks overall posted a 4.4% gain, although a handful of them reported declines. (Includes two data charts.) Read More

FCA Memo Stirs Optimism, But Banks’ Concerns Remain

A memo setting new rules for the use of the False Claims Act in addressing FHA loan defaults has found favor among industry stakeholders. However, there is still some concern regarding DOJ’s role. Read More

CFPB Fair Lending Exams Will Not Lead to Enforcement

The CFPB has moved to supervision in addressing fair lending violations. But lenders/servicers shouldn’t be too relaxed, attorneys warn. Read More

Calabria Says Any New QM Rule Must Be Applicable to All

FHFA Director Mark Calabria said any revised qualified mortgage rule introduced by the CFPB should be applicable to all lenders. Industry participants are unsure how the regulator will address the issue. Read More

MBA Hikes 2019 Production Forecast

Residential originations could top $2.06 trillion this year, according to a new forecast from the MBA. But is MBA being too cautious? Read More

HUD Seeks Comment on Proposed Loan-Level Certifications

HUD is seeking feedback on proposed revisions to loan-level certifications, which would reflect FHA’s statutory and regulatory requirements. Read More

Mortgage Grapevine: A $5.8 Billion Profit for Fannie and Freddie

As the primary market goes, so go the profits of Fannie and Freddie. Both turned in strong results in 3Q19 while announcing improvements in net worth. Read More

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