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<copyright>Copyright 2008, Inside Mortgage Finance Publications</copyright>
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<pubDate>Mon, 16 Jun 2008 13:43:25 EDT</pubDate>
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<title><![CDATA[Mortgage Market at a Glance]]></title>
<description><![CDATA[Weekly mortgage rates and application survey data as well as indexes for ARMs.]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imf/27_10/news/1000013350-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Private Mortgage Insurance]]></title>
<description><![CDATA[Inside Mortgage Finance has made minor changes in private mortgage insurance ranking data based on additional survey information made available in the past few weeks... [Includes two charts]]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imf/27_10/news/1000013349-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Appraisal Groups Cite Mortgage Fraud Fears In Opposing Obama&#146;s Short Sales Program]]></title>
<description><![CDATA[Four organizations representing more than 35,000 real estate appraisers told the Obama administration they are worried that the new government short sale program &#150; particularly its reliance on broker price opinions &#150; could exacerbate mortgage fraud and urged that greater independence be injected into the home valuation process. &#147;We understand the administration is seeking ways to...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imf/27_10/news/1000013348-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[DOJ Claims to Break Ground by Holding AIG Liable for Failing to Monitor Broker Pricing]]></title>
<description><![CDATA[The fair lending settlement recently announced between two mortgage units at American International Group and the Department of Justice puts more legal liability on wholesale lenders although it may not represent as significant an expansion of fair lending law as the agency claims. On March 4, the DOJ and the newly created Financial Fraud Enforcement Task Force announced that two AIG...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imf/27_10/news/1000013347-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[GSEs&#146; MI Risk Exposure Shows No Improvement As Outstanding Receivables Jump from 2008 Levels]]></title>
<description><![CDATA[Fannie Mae and Freddie Mac not only have to deal with pushing an increasing number of loans back to seller servicers, they also are reporting a rising volume of outstanding receivables from mortgage insurers. Fannie said it had $2.5 billion in outstanding receivables from private MIs at the end of 2009, up from $1.1 billion the year before. Freddie finished last year with... [Includes one chart]]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imf/27_10/news/1000013346-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Servicers Still Coping With HAMP And Looking to Other Mod Programs]]></title>
<description><![CDATA[Servicers have been hamstrung by several aspects of the Obama administration&#146;s Home Affordable Modification Program, and as they look for ways to opt out of the massive government initiative, some are looking to their own mod programs instead. As of the end of January, slightly more than 1 million HAMP trials had been started, but only about 116,000 or less than 12 percent have been...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imf/27_10/news/1000013345-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Industry Groups Accuse HUD of Overstepping SAFE Act Authority in Proposing Licensure for Loan Mod Specialists]]></title>
<description><![CDATA[The Department of Housing and Urban Development is exceeding its authority under the Secure and Fair Enforcement for Mortgage Licensing Act by proposing to require the states to mandate the licensing or registration of mortgage servicer employees who perform loan modification, according to industry trade groups. The American Bankers Association, Mortgage Bankers Association and the...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imf/27_10/news/1000013344-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[House Bill Would Implement Changes to FHA, Fees, Indemnification Authority for Bad Loans]]></title>
<description><![CDATA[Draft legislation introduced in the House this week would give the Department of Housing and Urban Development more flexibility in setting FHA annual premiums, authority to force lenders to indemnify losses on poorly originated loans and broader authority to discipline problem lenders. The &#147;FHA Reform Act of 2010&#148; reflects legislative changes sought by the Obama administration to...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imf/27_10/news/1000013343-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[&#145;Agency Jumbo&#146; Originations Accounted for Modest Share of Booming Agency Mortgage Market in 2009]]></title>
<description><![CDATA[Over half of the big-ticket single-family mortgages originated in 2009 were financed by Fannie Mae, Freddie Mac and the FHA, but so-called agency jumbo lending still made up a relatively thin slice of the overall business in the three programs. A total of $98.6 billion of jumbo mortgages &#150; generally single-family loans of greater than $417,000... [Includes three charts]]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imf/27_10/news/1000013342-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[MBS & ABS Issuance at a Glance]]></title>
<description><![CDATA[One page of issuance data.]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ima/2010_10/news/1000013357-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[FDIC Makes Foray into Non-Agency MBS As Pricing Proceeds on $1.8 Billion Offering]]></title>
<description><![CDATA[The Federal Deposit Insurance Corp. is making some progress in getting rid of failed institutions&#146; troubled mortgage assets via private placements after putting on hold the legacy loan pilot program that was launched last year. Late last week, the FDIC dipped its toe in the water of non-agency securitization with the first of three expected issuances, with considerably tight pricing on a...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ima/2010_10/news/1000013356-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[TALF Sunsets With Strong Final Round, Praised for Jumpstarting ABS Markets]]></title>
<description><![CDATA[One of the most successful government interventions into the secondary market, the Federal Reserve&#146;s Term ABS Loan Facility, expired this month, but not before having a noticeable effect on the asset-backed markets it was aimed at. The March round of TALF lending saw $4.1 billion in requests, the highest level in the last six months. Despite some initial investor hesitation, more than...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ima/2010_10/news/1000013355-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[ResCap Tries to Resolve Servicer Advance Netting in Response to Moody&#146;s Review]]></title>
<description><![CDATA[Residential Capital has been in discussions with Moody&#146;s Investors Service with respect to the company&#146;s serviced residential MBS rated Baa3 and higher after the credit rating agency last week placed on review for possible downgrade more than 500 tranches from 125 GMAC-serviced deals due to &#147;specific servicing concerns,&#148; the company said. The review centers on GMAC&#146;s commingling and netting of cash...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ima/2010_10/news/1000013354-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Moody&#146;s, Fitch Enhance Approach to Rating Residential MBS Resecuritization]]></title>
<description><![CDATA[Moody&#146;s Investors Service and Fitch Ratings have updated their ratings criteria for re-securitized non-agency MBS, the dominant form of new issuance over the past two years. Most re-securitizations involve bonds originally issued as part of a real estate mortgage investment conduit. In re-REMIC transactions, one or more securities are pledged to an owner&#146;s trust and the cash...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ima/2010_10/news/1000013353-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Mortgage Securitization Rate Climbs to Record Level as Depository Institutions Show Little Appetite for Growth]]></title>
<description><![CDATA[The share of new residential mortgage originations that were financed through securitization jumped to a record 85.6 percent in 2009, according to a new Inside MBS & ABS analysis. A total of $1.815 trillion of home loans were originated last year, and nearly all of them were designed to be sold into the secondary market through agency... [Includes one chart]]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ima/2010_10/news/1000013352-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Fed in Final Approach to Soft Landing On Massive MBS Acquisition Campaign]]></title>
<description><![CDATA[The Federal Reserve is gliding toward the end of its $1.250 trillion effort to save the agency MBS market, but the program&#146;s effect on the market is expected to linger long after the agency stops buying new securities in two weeks. Since the beginning of 2009, the Fed has made some $1.752 trillion in gross purchases of Fannie Mae, Freddie Mac and... [Includes one chart and one graph]]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ima/2010_10/news/1000013351-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Subprime Volume Indicators and ABX Prices]]></title>
<description><![CDATA[A half page of subprime data.
]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013327-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[News Briefs]]></title>
<description><![CDATA[Two subsidiaries of American International Group agreed to pay a minimum of... CitiMortgage will likely sign up for the second lien portion of the Home... Moody&#146;s Investors Service this week placed $5.9 billion of mortgage-backed... In the coming months, Moody&#146;s Investors Service will publish bond recovery... Four former executives at bankrupt jumbo lender Thornburg Mortgage stole...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013326-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[FDIC&#146;s MBS Proposal Met with Dire Warnings]]></title>
<description><![CDATA[A proposal by the Federal Deposit Insurance Corp. addressing securitization activity by insured banks could halt any possible recovery of the non-agency mortgage-backed security market, according to industry participants. The FDIC&#146;s proposed MBS safe harbor includes risk-retention requirements and would require lenders to hold mortgages for one year before securitizing the...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013325-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Federal Government Targets Negative Equity]]></title>
<description><![CDATA[The Treasury Department is looking beyond the Home Affordable Modification Program to help borrowers with negative equity. Meanwhile, the Federal Deposit Insurance Corp. is considering testing a negative equity modification program of its own. At the end of 2009, negative equity was concentrated in five states, according to a report released last week by First American...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013324-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Going Up: Subprime Delinquencies, HAMP Gripes]]></title>
<description><![CDATA[The subprime delinquency rate increased again in the fourth quarter of 2009. While the Mortgage Bankers Association projects that the rate will plateau soon, it will not necessarily be due to the Home Affordable Modification Program. The non-seasonally adjusted seriously delinquent rate on subprime mortgages increased to 30.56 percent in the fourth quarter of 2009, up from 28.68 percent the...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013323-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Legal Implications Hinder Servicers&#146; Facebook Use]]></title>
<description><![CDATA[Servicers must be careful when contacting delinquent borrowers via social networking Web sites such as Facebook, according to industry lawyers. &#147;The concern is that it is not always obvious what is and is not allowed on these sites,&#148; said David Beam, a partner at K&L Gates. Beam detailed the legal implications of using &#147;alternative communication methods&#148; during an audio...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013322-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Steps Taken Toward Non-Agency MBS Issuance]]></title>
<description><![CDATA[The non-agency mortgage-backed security market looks to be awakening from its slumber with help from the Federal Deposit Insurance Corp. and separate jumbo activity. Investors this week began bidding on $1.81 billion of MBS guaranteed by the FDIC. The sale, to be underwritten by Barclays Capital, reportedly includes $1.33 billion of seasoned option ARMs acquired by the FDIC...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013321-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[CFPA Negotiations Continue in Senate]]></title>
<description><![CDATA[Senators continued to debate specifics of the proposed Consumer Financial Protection Agency this week, with an emphasis on which federal agency would house the CFPA. A proposal by Sen. Chris Dodd, D-CT, to have the Federal Reserve host the CFPA was met with mixed reviews from Republicans and even Democrats. Rep. Barney Frank, D-MA, said he does not support housing the CFPA in the Fed due to...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013320-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Ocwen Looks for Growth and &#145;Self-Serve&#146; Servicing]]></title>
<description><![CDATA[With implementation of the Home Affordable Modification Program complete, Ocwen Financial Corp. is looking to grow its portfolio and &#147;self-serve&#148; servicing options. The specialty servicer this week reported net income of $9.4 million for the fourth quarter of 2009 compared with a net loss of $4.3 million during the same period in 2008... [Includes one graph]]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013319-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[GSE IO Activity Decreased Significantly In 2009; Freddie to Discontinue Completely]]></title>
<description><![CDATA[Fannie Mae and Freddie Mac significantly curtailed their purchases and securitization of interest-only mortgages in recent years, according to a new analysis by Inside B&C Lending. Freddie&#146;s recent announcement that it will cease buying and securitizing interest-only loans leaves the dwindling market to Fannie. The government-sponsored enterprises pooled a total of... [Includes one chart]]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ibcl/2010_5/news/1000013316-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[States See FHA Increase, Less Broker Use]]></title>
<description><![CDATA[Every state saw a significant increase in FHA lending in 2009, but lenders decreased their use of mortgage brokers, a trend which could continue in 2010 as the Department of Housing and Development increased lender accountability for their correspondents&#146; actions. Nationwide, FHA production increased 48.9 percent from 2008 to 2009 with some of the smaller states seeing the largest year-over-year...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ifha/3_5/news/1000013318-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[FHA Briefs]]></title>
<description><![CDATA[Ted Tozer was sworn in last week as the president of Ginnie Mae, where he will be tasked with ensuring Ginnie safely guarantees the principal and interest payments on mortgage-backed securities backed primarily by FHA loans. &#147;I am looking forward to the challenges and I believe my 30 years experience in the mortgage capital markets has uniquely prepared me to manage Ginnie Mae, and work to strengthen it...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ifha/3_5/news/1000013315-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[FHA Rate Assumption an Option, Not Widely Used]]></title>
<description><![CDATA[One somewhat hidden benefit to FHA loans is that the mortgage is assumable, meaning an FHA borrower who re-sells a house when interest rates are higher can offer a potential buyer the right to assume his low-rate FHA loan. But only a handful of borrowers actually use this advantage, according to the Department of Housing and Urban Development. After being approved by the FHA, the new homebuyer can...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ifha/3_5/news/1000013314-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[HUD Ironing Out FHA-HAMP Incentive Payments]]></title>
<description><![CDATA[The FHA&#146;s version of the Obama administration&#146;s Home Affordable Modification Program has been underway for several months, but the Department of Housing and Urban Development is still trying to finalize the mechanism for delivering incentive payments to servicers who participate. Servicers who use the FHA-HAMP are eligible to receive incentive payments of up to $1,250, according to the original...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ifha/3_5/news/1000013313-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Secondary Market Delivery Could Give H4H Life]]></title>
<description><![CDATA[While many mortgage market participants are waiting for the Department of Housing and Urban Development to again fix the HOPE for Homeowners program, one company is trying to take the matter into its own hands. Banker&#146;s Portfolio LLC, based in Irvine, CA, announced in late February that it secured a forward commitment for the purchase of securities backed by H4H loans and is rolling out the H4H product...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ifha/3_5/news/1000013312-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[January Applications Fall From Tighter Standards]]></title>
<description><![CDATA[The number of applications for FHA-insured mortgages dropped dramatically in the first month of 2010, which the Department of Housing and Urban Development attributed to inclement weather and tighter underwriting standards for streamline refinancing in mid-November. The trend could also signal the FHA playing a smaller role this year than it did in 2009 as lenders are tightening up their...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ifha/3_5/news/1000013311-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[FHA Delinquency Still Raising Eyebrows]]></title>
<description><![CDATA[While the FHA delinquency rates are at record highs, government data on the cure rates of those delinquent loans show that the problem may not be as pressing as some observers think. As the Department of Housing and Urban Development tries to shore up the program, an increasing share of FHA mortgages are delinquent each month, causing continuing worry about the program&#146;s financial health...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_ifha/3_5/news/1000013310-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[CRA Ratings]]></title>
<description><![CDATA[Recent CRA Ratings issued by federal agencies.]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013338-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Worth Noting &#133;]]></title>
<description><![CDATA[CitiMortgage, as manager for the California Public Employees Retirement System (CalPERS) Member Home... Ted Tozer was sworn in Feb. 24 as president of Ginnie Mae. Prior to his new position... The Mortgage Bankers Association has proposed a new forbearance program that would... Federal thrift and banking agencies, the Federal Trade Commission, and other government...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013337-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Federal Roundup]]></title>
<description><![CDATA[Revised HMDA Exam Procedures. The OCC has changed its Home Mortgage Disclosure Act examination... Loan Correspondent Renewal. The Federal Housing Administration is extending the deadline... HARP Extended. The Home Affordable Refinance Program, a government refinancing initiative... Data Collection to Preclude Property Flipping. HUD has sent a proposal to the Office of Management...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013336-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[State Roundup]]></title>
<description><![CDATA[CSBS/AARMR. The Multistate Mortgage Committee of the Conference of State Bank Supervisors... Illinois. State Attorney General Lisa Madigan sued two mortgage brokers for their... Florida. Administrative charges were filed against unlicensed providers of loan... New York. The Manhattan District Attorney&#146;s Office has announced the establishment of the...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013335-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[AIG Subs Settle with FFETF to Resolve Biased Lending Charges]]></title>
<description><![CDATA[Two subsidiaries of American International Group have agreed to pay $6.1 million to the government to settle allegations of discriminatory pricing against African American borrowers. AIG Federal Savings Bank and Wilmington Finance, Inc. allegedly violated the Fair Housing Act and the Equal Credit Opportunity Act by allowing wholesale mortgage brokers to charge black borrowers...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013334-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[HUD Sends Proposed &#145;Required Use&#146; Rule to OMB for Clearance]]></title>
<description><![CDATA[The Office of Management and Budget is reviewing a proposed rule from the Department of Housing and Urban Development addressing the revised definition of &#147;required use.&#148; Submitted Feb. 26, the proposed rule is expected to show a more streamlined definition of &#147;required use&#148; that would allow settlement service providers, possibly including home builders, to offer incentives to...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013333-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Senate Negotiators Continue Talks On Consumer Protection Location]]></title>
<description><![CDATA[Senate lawmakers continued to negotiate after efforts to craft an alternative to an independent Consumer Financial Protection Agency hit another brick wall last week. A proposal drafted by Sens Christopher Dodd, D-CT, and Bob Corker, R-TN, was spurned by Democrats and Republicans in both the House and the Senate, further slowing progress to get a consensus bill...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013332-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Risk Retention Concerns Remain High Despite Focus on CFPA]]></title>
<description><![CDATA[Lobbying for changes to the risk-retention requirements embedded in Sen. Chris Dodd&#146;s draft regulatory reform legislation continues despite the bigger focus on where consumer protection will end up in the final legislative package. Industry groups have been lobbying quietly on Capitol Hill to soften or eliminate risk-retention requirements, despite speculation that a...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013331-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Revamped RESPA Rule Increases Litigation Risk, Attorney Warns]]></title>
<description><![CDATA[The revamped Real Estate Settlement Procedures Act regulations create more compliance risks and potential pitfalls that could result in more litigation, according to Rebecca Redmond, a closing attorney and a partner with Sirote & Permutt. The revised RESPA rule comes with a host of questions, which the Department of Housing and Urban Development is trying to...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013330-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Industry Nixes Licensing of Mod Specialists]]></title>
<description><![CDATA[Requiring mortgage servicers and loss mitigation specialists to be licensed as if they were loan originators would be counterproductive and likely impair foreclosure prevention efforts, according to industry trade groups and state regulators. Groups responded with a resounding &#147;no&#148; to a proposal by the Department of Housing and Urban Development in December to require the licensing of...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013329-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Use of Prequalification, Worksheet Slammed]]></title>
<description><![CDATA[Federal housing regulators have warned major mortgage lenders against using pre-qualifications and worksheets on undecided borrowers as a way to avoid providing the good faith estimate as required by new Real Estate Settlement Procedures Act regulations.
In a Feb.18 RESPA workshop conducted by the Department of Housing and Urban Development, agency officials said some lenders...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_irs/21_5/news/1000013328-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[News In Brief]]></title>
<description><![CDATA[FHLBank of Seattle is Now Officially Undercapitalized: The Federal Home Loan Bank of Seattle continued to get pounded by... FHFA&#146;s Lockhart Gets a New Gig. So Who Will Replace Him?: Outgoing Federal Housing Finance Agency Director James... Fannie, Freddie On the Way to Averting NYSE Delisting Threat: Fannie Mae and Freddie Mac have seen their stock prices rebound above...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_igse/8_18/news/1000012201-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[FHLBanks Oppose Centralized Reporting Function]]></title>
<description><![CDATA[The Federal Home Loan Banks and the Office of Finance are opposed to the recommendation of a study the Office of Finance sponsored last year that calls for more centralization of their collective reporting function. The report comes in the wake of the pounding the Banks have taken over accounting issues such as the &#147;other-than-temporary impairment&#148; charges associated with their deteriorating...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_igse/8_18/news/1000012200-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Technology Briefs]]></title>
<description><![CDATA[The Accurate Title Group recently released its TAG Good Faith Estimate Calculator... Simplifile, a provider of electronic recording, and Rekon Technologies, a mortgage loan... Mortgage Pricing Systems released a new feature for its LEAP Interactive point-of-sale... LoanSifter has released its new eOriginations point-of-sale platform, which it claims...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imp/14_5/news/1000013365-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Servicers Trying to Work Around HAMP Program]]></title>
<description><![CDATA[With the Home Affordable Modification Program not living up to expectations and causing stress for servicers, numerous industry participants are asking how they can wriggle out of their participation agreements, and large servicers are now turning to their own loss mitigation efforts. As of the end of January, slightly more than 1 million HAMP trials had been started, but less...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imp/14_5/news/1000013364-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Warehouse Lenders: Beware These Red Flags]]></title>
<description><![CDATA[Warehouse lending has rebounded considerably over the past year, but lenders can&#146;t afford to be complacent with the lines of credit they are providing to independently owned mortgage companies, according to an industry expert. There are red flags that can help warehouse lenders see ahead of time that a small mortgage banker may be sliding into a financial jam, said William O&#146;Connor...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imp/14_5/news/1000013363-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Hudson City Moves to Become National Bank]]></title>
<description><![CDATA[Hudson City Bancorp Inc., the largest U.S.-based thrift, announced last week that it applied to change its banking charter and its main regulator to stay ahead of the regulatory curve. Hudson City applied to the Office of the Comptroller of the Currency to convert to a national bank, which would make the OCC the bank&#146;s main regulator.
Currently, Hudson City is regulated by the Office of Thrift...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imp/14_5/news/1000013362-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Traditional Underwriting Beats Skin in the Game]]></title>
<description><![CDATA[A new industry-sponsored study extols the superiority and effectiveness of good old-fashioned traditional underwriting over proposed &#147;skin in the game&#148; risk-retention proposals that are being considered by Congress and banking regulators. The study found that applying a handful of common-sense underwriting standards improves loan performance substantially. The study was done by Vertical...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imp/14_5/news/1000013361-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Mortgage Credit Guarantors Swamped by Losses]]></title>
<description><![CDATA[Companies in the business of guaranteeing mortgage credit suffered a monumental $98.56 billion in net losses during 2009, according to a new Inside Mortgage Profitability analysis. As bad as that sounds, it actually represented an improvement from the year before. Fannie Mae, Freddie Mac and the six still-functioning private mortgage insurers reported a combined... [Includes one chart and one graph]]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imp/14_5/news/1000013360-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[ResCap Strategy Still a Work in Progress]]></title>
<description><![CDATA[Government watchdogs who are overseeing the massive Troubled Asset Relief Program are skeptical that GMAC is going to be able to finally stabilize its struggling mortgage banking operation. Although GMAC late last year decided to make another capital infusion to keep its mortgage business going and took steps to cordon off the toxic assets that have caused a lot of its problems, bankruptcy is still...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imp/14_5/news/1000013359-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Wholesale Lenders Need to Pay Attention To Fair Lending Risks in Broker Pricing]]></title>
<description><![CDATA[The Department of Justice&#146;s recent fair lending settlement with two subsidiaries of American International Group has put mortgage lenders on notice that pricing disparities, particularly on wholesale mortgages, are back on the government&#146;s radar. In announcing the settlement March 4, the DOJ emphasized that it is the first time the department has held a...]]></description>
<link>http://www.imfpubs.com/issues/imfpubs_imp/14_5/news/1000013358-1.html?CMP=OTC-RSS</link>
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<title><![CDATA[Government Activity in Agency MBS Market]]></title>
<description><![CDATA[MBS purchases and sales by the government entities through August 2009.]]></description>
<link>http://www.imfpubs.com/issues/reports/quarterly_rankings/quarterly_rankings/1000012385-1.html?CMP=OTC-RSS</link>
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