Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition
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Articles by Jacob Gaffney

Christopher Whalen: The death of mortgage lending

It's not the CFPB's fault
April 14, 2014
“New regulations are a very convenient excuse for the large banks to get away from what is a crappy business,” according to one senior banker.
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Monday Morning Cup of Coffee: Will Citi follow in JPMorgan, Wells Fargo footsteps?

Also, criticism grows for FHA fees
April 13, 2014
In an important week on earnings, analysts lay out the scenario of performance for Citigroup. Plus, mortgages are growing at smaller lenders, criticism of the FHA continues, and the investor plan to buy a Baltimore bank appears in jeopardy.
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Wells Fargo first quarter mortgage originations way down

Making money on MSRs
April 11, 2014
During the first quarter, residential mortgage originations were $36 billion, down from $50 billion in fourth quarter 2013 while the gain on sale margin was 1.61%, compared with 1.77% in the fourth quarter.
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Fannie Mae stops working with two Colorado law firms

Negative headlines included claims of foreclosure fee-padding
April 10, 2014
Fannie Mae has instructed servicers to cease referrals of new foreclosure cases to Aronowitz & Mecklenburg and the Castle Law Group and to transfer existing cases at those law firms to other firms.
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These 3 Freddie Mac facts prove housing will get better

Chill, the winter is over
April 10, 2014
Nothaft writes, "as we move to a purchase market, how does the overall housing market stack up? Housing is stronger today than at any point since the Great Recession began and hit bottom in 2009," he said.
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Could new securitizations lead to identity theft?

That's the slippery slope of new regulation
April 10, 2014
Securitization is already believed by many to be the big, bad tool Wall Street used to derail the global economy, seemingly and inexplicably on purpose. So this blog probably isn't going to help assuage the rage in those believers.
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Citi agrees to $1.125 billion mortgage bond investor settlement

Resolves legacy mortgage-backed securities
April 7, 2014
"This settlement resolves a significant legacy issue from the financial crisis and we are pleased to put it behind us," Citi said in a statement.
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Former CFPB official: No special QM loophole

Raj Date gets into mortgage business
April 7, 2014
Date's consumer finance advisory platform and investment vehicle Fenway Summer is reportedly looking to buy Ethos Lending in order to get into the mortgage market. And he is already generating buzz through the sins-of-our-fathers assertion.
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This little-known rule could mean higher mortgage costs

Bond investors coordinate opposition
April 2, 2014
It may not be the biggest threat to the mortgage industry, but bond investors say it could impact the American homebuyer bottom line.
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Global investors taking risk from Freddie Mac

Risk-sharing bond transactions gain attention
April 2, 2014
"Our goal is to have regular, consistent issuances at least quarterly," said Donna Corley, senior vice president of single-family pricing, risk transfer and securitization for Freddie Mac. And this goal is now more of a possibility given the reinsurer appetite to support Freddie Mac.
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