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Jumbo RMBS Issuance in Q3 Already Exceeds 2014 Total

U.S. prime jumbo residential mortgage-backed securities has already passed the 2014 total. A report from Fitch Ratings found that the 29 transactions and approximately $10.1 billion of issuance so far this year have already exceeded the 26 transactions and $8.3 billion issued in 2014.

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Mortgage REITs Fail to Catch a Wave

KBW called the third quarter difficult and estimates mREIT book values will fall 3.5 percent quarter-over-quarter, with more mREITs reporting earning misses than positive results. To make matters worse, KBW noted that “while nearly half the group cut dividends in 3Q we expect management commentary to suggest more cuts ahead.”

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Mortgage Fraudsters Ease Up in Q2

refinance

As interest rates continue to lower and home values rise, mortgage fraud application risk has fallen 8.9 percent from the second quarter of 2014 to the second quarter of 2015, according to CoreLogic's October 2015 Mortgage Fraud Report. The Mortgage Application Fraud Risk Index showed that approximately 12,814 of mortgage applications, or 0.67 percent, contained fraud in the second quarter of 2015.

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