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Equity Prime Mortgage is defending its lending practices after a federal regulator terminated some of its regional approvals following a data analysis review. The Department of Housing and Urban Development won’t allow EPM to submit Federal Housing Administration loans in six eastern jurisdictions, it disclosed Thursday. The terminations relate to certain elevated default and claim […]

The Mortgage Bankers Association’s chief issued a reminder of why it has opposed merging two influential government-sponsored loan buyers as federal officials signaled momentum in pursuing a public offering. “Creating a government-conferred monopoly would diminish innovation, degrade service to market participants and heighten systemic risk,” MBA President and CEO Bob Broeksmit said in a blog