Home-Equity Lending Declined in 3Q17 but Not by Much December 14, 2017 John Bancroft Banks and thrifts continued to retreat from the home-equity business in 3Q17 while credit unions pressed forward…Read More
Stop the Presses: A GSE Bill Passes the House Financial Services Committee but… December 14, 2017 Carisa Chappell The panel approved the bill on a partisan vote of 33 to 27. It was one of 13 bills advanced by the panel…Read More
Another Industry Group Calls for Delay in New HMDA Requirements December 14, 2017 Thomas Ressler Certain originators and their vendors have expressed the need for more time to test systems and accurately implement the proposed changes…Read More
Nonprime Lender Citadel Hopes to Hire 150 Over the Coming 12 Months December 13, 2017 Paul Muolo Citadel CEO Dan Perl: “We’re on a hiring spree.”Read More
Short Takes: GSE Dividend Payments: All Systems Go? / Cutting GSE Shareholders out of the Equation? / Wintrust Buying Mortgage Assets from VA Lender / UWM and MC Strike Deal / Chase Exec Bolts for Hamilton December 13, 2017 Paul Muolo In a new blog posting, Investors Unite asks the basic question: “Are Fannie’s and Freddie’s foes driving GSE reform?”Read More
A Slow Fourth Quarter for Servicing Sales, but 1Q18 Could be a Barn-Burner December 13, 2017 Paul Muolo Another contributing factor to slower sales: Concerns about how the pending GOP tax bill might hammer the asset value of servicing rights...Read More
Looks Like the MID Cap will be $750K as Conference Committee Wraps up Work on GOP Tax Reform December 13, 2017 Brandon Ivey The way things stand today, the tax bill could be on track for final approval as soon as next week.Read More
Legal Briefs in CFPB ‘Acting’ Director Dispute Keep Piling Up December 13, 2017 Thomas Ressler CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.Read More
Jumbo MSR Market Increases, Wells Fargo Continues Dominance December 13, 2017 Brandon Ivey Moody’s noted that mortgages acquired by Chase’s jumbo conduit have performed exceptionally well…Read More
Nonprime Lending Competition Could Heat up in 2018 December 12, 2017 Paul Muolo It appears that Angel Oak, Caliber and Citadel Servicing Corp. might have more company in the nonprime arena come next year…Read More
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