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Short Takes: Ginnie Mae Worried about Certain Nonbanks? / The David Kittle Nomination? / KKR Closes Fund to New Investors / SFR Hits $33 Billion / A New Hire for Grandbridge

October 11, 2017
Paul Muolo
There’s still no word from the White House on when it will nominate industry executive David Kittle to be the next president of Ginnie Mae...
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Did the Department of Justice Ever Opine in the CFPB Case? Hard to Say…

October 10, 2017
Thomas Ressler
No one’s talking, and there’s been no indication that the DOJ has even filed a brief in the Ocwen case…
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Lenders Not Pleased with LOS Systems, ‘LeadGen’ in Particular Gets Low Marks

October 10, 2017
Brandon Ivey
Lenders are none-too-thrilled with LOS compliance functions as well…
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A ‘BRAWL’ Forms, Broker Group Accuses Certain Lenders of Stealing Borrowers

October 10, 2017
Brandon Ivey
For now, BRAWL isn’t naming names, but credited three lenders for being “true partners” because more than 90 percent of their production comes through the wholesale channel...
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As the New Quarter Begins, More GSE MSR Deals Hit the Auction Block

October 10, 2017
Paul Muolo
The first offering is for $524 million and comes from an independent mortgage banking firm…
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The Equifax Data Breach – What it Might Mean for the Mortgage Industry. Warehouse Implications?

October 10, 2017
Paul Muolo
Overall, hackers stole financial information on roughly 140 million American consumers…
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Short Takes: CIT Will Take Hefty Hit on Sale of Financial Freedom / OneWest’s Roots / Fannie and Freddie Affected by Deloitte Hack? / ALTA Unveils Registry / A New Hire for Platinum

October 10, 2017
Brandon Ivey and Paul Muolo
CIT Group will take a charge of up to $50 million on the sale of Financial Freedom...
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GSE Purchase-Loan Share Hit 63 Percent in 3Q17, a 10-Year High

October 9, 2017
John Bancroft
The flow of home loans for first-time buyers was up a robust 24.7 percent on a sequential basis…
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Judge in Closely Watched GSE Shareholder Case Moves to Release More Documents

October 9, 2017
Carisa Chappell
The plaintiffs have long argued that the government is trying to keep roughly 1,500 documents hidden under the deliberative process and bank examination privileges.
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PHH Private-Label Customer Morgan Stanley Slashes Stake in Nonbank to 0.2 Percent

October 9, 2017
Paul Muolo
Back in 2015, the Morgan Stanley PLS contract accounted for roughly 20 percent of PHH’s originations…
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