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Seniors Had Fewer Mortgage-Related Complaints in 2017

February 21, 2018
Most complaints from seniors over the past two years centered on conventional mortgages…
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A Great Time to Sell Servicing Rights: IMA, MIAC and Prestwick Launch Auctions

February 21, 2018
Paul Muolo
The MSR auction calendar is starting to look crowded…
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Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets / NAMB Wants Ban on ‘Trigger Leads’ / Ditech Names Interim CEO but Does He Get the $5 Million?

February 21, 2018
Carisa Chappell, Brandon Ivey, and Paul Muolo
It appears that Pershing Square is now under water on its GSE investments...
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CFPB Seeks Feedback on External Engagements, Seven More RFIs to Come

February 21, 2018
Yemeng Yang
The agency will issue seven more RFIs in the coming weeks on such topics as complaint reporting and inherited rules.
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GSE Credit Box Continues to Loosen, but Not by Much

February 20, 2018
John Bancroft
Borrowers with credit scores below 700 accounted for 22.03 percent of GSE purchase loans last year…
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The Mel Watt Factor Looms Large as GSE Reform Sags

February 20, 2018
Paul Muolo
One trade group official said a new FHFA director might be hell-bent on reducing the federal footprint in mortgages…
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Houlihan Lokey’s Top Dealmaker Jeff Levine Sees a Coming Boom in Origination M&A

February 20, 2018
Brandon Ivey
Levine said there’s demand for retail operations…
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Movement Mortgage Cuts 75 Jobs Due to ‘Operations Improvement’

February 20, 2018
Paul Muolo
Movement locked rates on $1.1 billion of mortgages in January, an 11 percent increase from the same month a year ago. It called the improvement an "indicator of future growth in February and March.”
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HFSC Chairman Hensarling Demands Explanation from Watt on Housing Trust Fund Payments

February 20, 2018
Carisa Chappell
After a long hiatus, in 2017 Fannie and Freddie reinstated their first contribution to the National Housing Trust Fund, which amounted to roughly $186 million. Fannie plans to contribute $239 million to the trust funds this quarter, Freddie $114 million.
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Short Takes: Why GSE Reform is Truly Dead / A Tale of Two GSEs / Common Not Doing So Well / Stearns’ Future in Servicing? / SoFi Cuts Mortgage Workers / About Those Strategic Plans…

February 20, 2018
Paul Muolo
Social Finance is cutting positions in its mortgage division...
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