BofA CEO Brian Moynihan: “Now, the answer is, we just retain the mortgages and frankly the credit quality on ours is not worth paying the insurance [associated with selling loans into MBS].”
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Mortgage REIT New Residential posted a stunning 40.1 percent sequential growth rate in its MSR portfolio, according to Inside Mortgage Finance.
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Not counting the new investment from Gatehouse, CALPCAP has raised $225 million from investors since its inception 10 years ago. Company principal Mark Mozilo told IMFnews the firm is continuing to hire as it builds out a national lending platform.
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“The research will inform the CFPB and assist it in developing recommendations to streamline and improve the rules governing the mortgage industry and, more specifically, the ATR/QM rule,” said the CMC.
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