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loanDepot Unveils Warehouse Securitization for Mello Unit

October 30, 2018
Paul Muolo
Clayton Services has been hired to conduct due diligence reviews every 90 days on 100 randomly selected loans.
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Short Takes: Parity for the FHLBs and FanFred? / Once a Contender / Newfi and Non-QM / Strong Earnings from First American but Anxiety Too / From Alibaba to MGIC

October 30, 2018
Paul Muolo
Roughly 40 percent of Newfi Lending’s current loan volume entails the origination of mortgages that do not meet the qualified mortgage test.
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MSR Transfers Boomed in 3Q18, Aided by Franklin American Sale

October 29, 2018
John Bancroft
The top five bulk MSR transfers were led by Franklin American, followed by Stearns, loanDepot, Flagstar and United Shore/United Wholesale Mortgage…
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A Sure Bet for the New FHFA Director: No More GSE Pilot Programs?

October 29, 2018
Paul Muolo
The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…
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Prestwick Announces Auction of GSE, Private Investor MSRs

October 29, 2018
Paul Muolo
Fannie Mae receivables dominate the package at $70.9 million...
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MBS Backed Fix-and-Flip Bridge Will Expand, Morningstar to Take a Conservative View Initially

October 29, 2018
Brandon Ivey
Fix-and-flip loans generally have terms that range from a few months to three years…
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Short Takes: Bill Dallas Speaks / FoA’s New Reverse Product / A Blow-Out Earnings Number from Freddie? / Fannie? / No Permanent President for Ginnie, Still / Former FHLB Chicago Exec Named President of CU Mortgage Firm

October 29, 2018
Paul Muolo and Brandon Ivey
On Wednesday, Freddie Mac will release third-quarter results...
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ECOA Rulemaking Likely to Limit the Use of Disparate Impact

October 29, 2018
The CFPB is expected to limit the use of disparate-impact analysis under the Equal Credit Opportunity Act, as the agency intends to rewrite the ECOA rule, according to attorneys tracking the issue.
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CFPB Sets Timeline to Implement Changes in Dodd-Frank Reform Bill

October 29, 2018
The CFPB will focus its rulemaking efforts on implementing directives from the Dodd-Frank reform act over the next 12 months, according to the agency’s latest rulemaking agenda.
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CFPB Settles ‘Abuse’ Claim, but Then Says it May Refine the Term

October 29, 2018
The CFPB recently settled with a Tennessee-based payday lender for debt-collection practices, finding some of its activities were “abusive.”
Read More
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