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Frank Pallotta sold Wall Street services to lenders and later helped create programs to help underwater borrowers. Now he's running to represent a district both parties fight hard over.September 28
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Retiring Ellie Mae CEO Jonathan Corr and new ICE Mortgage Technologies President Joe Tyrrell discuss how the two companies will be merged.September 25
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LIBORThe restrictions on the pooling of loans with any interest term based on Libor will be effective for traditional mortgage-backed securities issued starting Jan. 21, 2021, and earlier for reverse-mortgage securitizations.September 21
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Bondholders could see principal losses if, due to the way the documents are worded, the rate is frozen at the last published amount.September 18
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The deal brings yet another mortgage origination component under the same roof.September 16
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Electronic notes did come in handy this year given the mortgage industry's need to operate remotely, but they also increase the government-sponsored enterprises' responsibility for monitoring the risk of multiple counterparties.September 15
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After being approved, retroactively denied and having a second application rejected, the firm is appealing the decision with federal regulators.September 15
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Also the Federal Housing Administration, which is a key contributor of government-insured loans to Ginnie securitizations, recently set new conditions on mortgage applicants that have been in forbearance.September 14
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Uncertainties in the job market drove mortgage credit availability down again, falling to the lowest point since March 2014, according to the Mortgage Bankers Association.September 10
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The pandemic drives home the point that without those funds being siphoned off, the recent fee hikes would not be necessary.September 2
PresidentCommunity Home Lenders Association
