CDFI-Designated Lender Inks Deal to buy Oregon Retailer LoanStar. Buyer will Beef Up Non-QM Production June 27, 2018 Paul Muolo LoanStar was founded five years ago by industry veteran Mike Baldwin…Read More
A ‘Scratch and Dent’ Market Develops for VA ‘Orphan’ Loans June 27, 2018 Paul Muolo Some warehouse lenders are nervous about the VA ‘orphan loan’ mess as well, sources told Inside Mortgage Finance…Read More
CFPB Expected to Revisit Views on Marketing Services Agreements June 27, 2018 Yemeng Yang “There is potential for them to issue more guidance, and we hope it to be the right guidance that’s consistent with 40 years of the RESPA law,” said Kenneth Trepeta…Read More
Bank Loan Sales Down Sharply in First Quarter, JPM Especially June 27, 2018 John Bancroft Second-ranked JPMorgan Chase reported a hefty 48.3 percent decline in mortgage sales. Read More
CFPB Closes RESPA Violation Case Against Zillow June 26, 2018 Paul Muolo In the spring of 2017, it came to light the bureau would take legal action against Zillow... Read More
Servicing Advisors Worry About the GSE Role in the ‘Flow’ MSR Market June 26, 2018 Paul Muolo Incenter Mortgage Advisors, Denver, is getting ready to launch a flow MSR marketplace of its own…Read More
Movement Mortgage Opts for Crowdsourcing for LO App June 26, 2018 Brandon Ivey Movement gave tech developers eight weeks to develop a prototype…Read More
Short Takes: Amazon Moves Ahead with Banking Plans / A Martini for Ditech / Cooperman and Ocwen / More Cost Cutting at Ocwen / Britti Gets a New Title / U.S. Bank Hires Wells Fargo Official June 26, 2018 Paul Muolo Leon Cooperman has been increasing his stake in Ocwen Financial and now owns about 11 percent of the firm…Read More
A Spike in Fannie Mae Loan Repurchases June 26, 2018 John Bancroft Virtually all of the repurchase activity is now focused on newer production.Read More
Impac Partners with Commercial REIT Starwood on Non-QM Loans June 26, 2018 Paul Muolo Starwood began acquiring non-QM loans last fall using Federal Home Loan Bank advances...Read More
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