CFPB Set to Implement HMDA Relief Later This Summer July 6, 2018 Yemeng Yang The relief comes from the Dodd-Frank reform act, which was signed into law in May...Read More
Short Takes: Megabank Bidding on VA IRRRLs / HUD Didn’t Fix the Mess / Blame the Dodd-Frank Reform Act / Applies to REMICs Only / JPM Remains the FHLB Advance King July 5, 2018 Paul Muolo and Carisa Chappell Needless to say, the VA IRRRL issue is complicated...Read More
LenderLive Pondering a Sale? Or Something Else? July 5, 2018 Paul Muolo In July 2017, the vendor named Rob Clements chairman and CEO and John Surface president and chief operating officer. Both came over from EverBank Financial…Read More
Fannie Mae Servicer Seterus the Foreclosure King of California? July 5, 2018 Paul Muolo Seterus is owned by IBM, but the vendor doesn’t even mention the ownership link to ‘Big Blue’ in the “About Us” section of its website…Read More
DBRS Tops in Rating Non-Agency MBS July 5, 2018 John Bancroft Kroll Bond Rating Service moved up from fourth place in 2017 to start this year in second…Read More
MBA: Mortgage Applications Post a Slight Decline July 5, 2018 Paul Muolo Brace yourself, new mortgage employment figures will be released Friday morning…Read More
Trump Plan Calls for Moving USDA Housing Programs to HUD July 5, 2018 George Brooks Rep. Kenneth Lucas, R-KY, worried that rural communities face challenges that are far different than those faced by typical FHA or VA homebuyers…Read More
Amid Talk of Industry Layoffs, United Wholesale is Hiring July 5, 2018 Paul Muolo According to figures compiled by Inside Mortgage Finance, UWM ranks ninth overall among all lenders, and is poised to move up in the rankings...Read More
Despite Higher Rates, ARMs Slow to Catch On July 5, 2018 Brandon Ivey The top six ARM lenders are all commercial banks, led by Bank of America…Read More
Street Firms Inch Their Way Back into the Nonprime (Non-QM) Market July 5, 2018 Paul Muolo A handful of Street firms are now actively making repo lines in the sector…Read More
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