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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 360
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Freddie Mac unveils offer for up to $2.2B in CRT notes

Housing Wire

Through the STACR note offerings, private investors participate with Freddie Mac in sharing a portion of the mortgage credit risk in the reference loan pools retained by the agency. billion via five STACR and three Agency Credit Insurance Structure (ACIS) CRT deals. billion in risk from reference pools valued at $300.9

Investors 335
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CRT protects GSEs, taxpayers from unexpected disasters

Housing Wire

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

Insurance 286
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance. House-hacking is a great way to build wealth and pay down your mortgage. Targeting investors and tailoring your real estate prospecting letters to their needs and is very smart.

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Opinion: GSE policy changes are positive for small lenders

Housing Wire

Just a few years ago, we were talking about shrinking the GSEs’ footprint, giving GSE charters to vertically integrated Wall Street banks, and giving these same Wall Street banks access to the GSEs’ Common Securitization Platform, which would have enabled them to dominate mortgage markets. Broader market considerations also come into play.

Mortgage 357
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CoreLogic stockholders will decide board’s fate on Nov. 17

Housing Wire

Adopting a “poison pill” strategy, Corelogic approved a shareholder-rights plan that prevents investors from acquiring 10% or more of the company’s common stock, or 20% in the case of certain passive investors.

Investing 289
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Fannie Mae finalizes two additional credit insurance risk transfers

Housing Wire

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. . billion of mortgage credit risk to private insurers and reinsurers. “We billion reference pool of single-family mortgages. If that $65.3

Insurance 333