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Industry Sees Benefits From CFPB Sandbox
Inside Mortgage Finance, Feb. 27, 2019 (subscription)The mortgage industry would likely benefit from the Consumer Financial Protection Bureau's proposed new policy on its no-action letter and sandbox program,analysts said. (MBA mention)
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Weekly Mortgage Applications Jump 5.3% as Lower Rates Seem Here to Stay
CNBC, Feb. 27, 2019--Diana OlickMortgage application volume increased 5.3 percent last week from the previous week and was 0.4 percent higher than a year ago, the Mortgage Bankers Association said. Low rates are driving refinance and purchase volume.
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HomeStreet has Potential Buyer for its Mortgage Operations
American Banker, Feb. 27, 2019--Paul Davis (subscription)HomeStreet in Seattle has agreed to sell its mortgage business to Homebridge Financial Services in Iselin, N.J.
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Ocwen Reports $70.8M Loss for 2018
The Mortgage Leader, Feb 27, 2019Ocwen Financial Corp. reported a net loss of $70.8 million, or $0.53 per share, for the full year 2018 compared to a net loss of $128 million, or $1.01 per share, for the full year of 2017, a $57.2 million improvement.
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Servicers Not Providing Enough ‘Wow Factor’ to Keep Borrowers Loyal
National Mortgage News, Feb. 27, 2019--Elina Tarkazikis (subscription)Mortgage servicers are not doing enough to keep borrowers loyal when it comes to the next loan. Only 17% of borrowers will use their same servicer to originate or refinance a mortgage loan, according to the Mortgage Bankers Association.
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Powell Says Fed Is Close to Agreement on Plan to End Portfolio Runoff
Wall Street Journal, Feb. 27, 2019--Nick Timiraos (subscription)Federal Reserve Chairman Jerome Powell said Wednesday the central bank is close to announcing plans for ending the runoff of its $4 trillion portfolio of bonds and other assets this year.
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How Chairman Crapo’s Outline for Housing Finance Reform Can Work
Urban Institute, Feb 27, 2019--Jim Parrott, Dave Stevens, Mark M. ZandiThe authors (including former MBA President and CEO) analyze Senate Banking Committee Chairman Mike Crapo, R-Idaho's outline for housing finance reform.
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Industry Evolution with MBA’s Chris George at IMB
Mortgage Media, Feb. 25, 2019"I think we're really at a place right now to take another step in sort of the evolution of the mortgage industry," said chairman Chris George during a discussion with Mortgage Media's SA Ibrahim during the recent Independent Mortgage Bankers Conference.
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MISMO Spring Summit June 3-7 in Milwaukee; Sponsorships Available
The MISMO Spring Summit takes place June 3-7 at the Pfister Hotel in Milwaukee, Wis. Sponsorship opportunities are available.
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