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Th e M Rep o RT | 5 month in review 1. The Consumer Finance Protection Bureau (CFPB) released its Supervisory Highlights report, which outlined ways in which mortgage lenders had violated the Dodd-Frank Act. 2. Ocwen continued to shed its servicing rights, announcing they would be selling $45 billion and $9.6 billion of their servicing rights to JPMorgan and Green Tree, respectively. 3. Fannie Mae released their 2015 Mortgage Lender Sentiment Survey, revealing an improved outlook by mortgage lenders toward lending activities and market expectation. 4. The U.S. Census Bureau released two key reports that paint a clear picture of today's housing landscape. The first, a Geographic Mobility report, shows that 2.2 million people moved away from cities from 2013 to 2014. The second showed that new home sales are at the highest rate in seven years. 5. Amid questioning, the CFPB confirmed that they will not extend the new mortgage disclosure deadline and that August 1 is still the date to watch. This Month's Mortgage Highlights A Look at the Biggest Stories Currently Defining the Industry 6. Quickly following Google's announcement, Yahoo confirmed they were introducing a mortgage rate calculator of their own. 7. NAMB president John Councilman wrote a letter to President Obama after his speech at Lawson State Community College, urging him to "speak more positively of mortgage brokers." 8. Fannie Mae announced that their gross mortgage portfolio declined at a compound annualized rate of 14.5 percent in February. 9. The MBA's Quarterly Mortgage Bankers Performance Report showed that independent mortgage banks and mortgage subsidiaries reported a net gain of $744 on each loan they originated in Q4 2014, down a reported gain of $897 per loan from Q3 2014. 10. The FHA announced they are exploring alternative credit scoring for mortgage borrowers. 11. Black Knight and Five Star released a study on CFPB Consumer Complaints. 12. March BLS Jobs Reports showed 'disappointing' growth as payroll employment increases for March fell well short of expectations with just 126,000 jobs added. Whether it was government regulators discussing legislation that will affect the industry for years to come or some of the biggest names in our industry revealing the inner workings of their business, the last month has been a busy one. Now is the time to catch up on the biggest news affecting mortgage professionals and homeowners alike.

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