[Chart] FHA mortgage insurance boom in the works?

[Chart] FHA mortgage insurance boom in the works?

MBA notes impact of cutting MIPs

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks


Freddie Mac sells off $305 million in seriously delinquent mortgages

Completes seventh non-performing loan sale
Freddie Mac announced late Friday that it sold $305 million in seriously delinquent loans from its mortgage investment portfolio. The sale, which was initially announced last month, was completed via auction, with two pools containing 1,611 total loans being sold to a pair of buyers.
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$4 billion Ginnie Mae bulk MSR portfolio available for sale

Features 97% 30-year fixed rate loans, average 22 months seasoning
Buyers looking to score some Ginnie Mae servicing are in luck. Interactive Mortgage Advisors announced the sale of a $4 billion Ginnie Mae bulk portfolio of residential mortgage servicing rights. And according to Thomas Piercy, managing member of Interactive Mortgage Advisors, the portfolio is “most likely the best Ginnie Mae deal offered this year.”
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Brock & Scott adds Ronald Wolfe & Associates to default services practice

Addition expands firm’s coverage in state of Florida
Brock & Scott, a real estate law firm with offices in Maryland, Virginia, North Carolina, South Carolina, Tennessee, Georgia and Florida, announced the expansion of its default services practice with the addition of Ron Wolfe and his team from the office of Ronald R. Wolfe & Associates.
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Fannie Mae, Freddie Mac just joined CFPB in extending TRID grace period

End date is also undefined
While the House of Representatives is due to vote any day now on formalizing a hold harmless grace period for the enforcement of the CFPB’s new TILA-RESPA Integrated Disclosure rules, Fannie Mae and Freddie Mac are extending an olive branch to the industry, by establishing their own grace period for TRID enforcement – albeit without a designated end date.
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California woman preyed on distressed homeowners, defied CFPB

Gets 70 months in prison
Najia Jalan received a sentence of 70 months in federal prison for her role in a scheme that involved Jalan falsely presenting herself as a member of the Department of the Treasury. And it doesn't end there. Jalan also pretended she was an attorney and defied a restraining order placed on her business by the CFPB.
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Fannie Mae, Freddie Mac offers relief to South Carolina flood victims

Forbearance, other options made available
Over the last several days, torrential downpours have battered some residents in South Carolina with more than two feet of rain, resulting in as many as 14 deaths and damage currently estimated to be more than $1 billion. Now, Fannie Mae and Freddie Mac are offering relief to the thousands of homeowners affected by the devastating floods.
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Another one bites the dust: MERS wins again

California Third Appellate District Court affirms MERS’ rights to assign a mortgage
MERSCORP Holdings announced Monday that it secured another victory over a homeowner who challenged its authority to assign a mortgage. MERS had its authority upheld this time by the Court of Appeal of California for the Third Appellate District.
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