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Good News for Borrowers and Lenders: Home Equity Nears Its All-Time Peak

July 12, 2016
Sherry Muolo
One other finding from Black Knight: roughly $75 billion in home equity has been extracted from residences over the past 12 months…
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Loan Broker Employment Highest in Almost Eight Years

July 12, 2016
Paul Muolo
The only major bank to rank among the top five table funders in 1Q16 was U.S. Bancorp with a 4.1 percent market share.
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SoFi Contemplating a Jumbo MBS Deal?

July 12, 2016
Paul Muolo
To date, SoFi has talked little about its mortgage business…
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Short Takes: Mortgage Bankers Cut Jobs / OCC Expresses Anxiety over Commercial Banks and TRID / CRE Worries Too / Freddie Expands Re-performing Loan Effort / BB&T Promotes Campbell

July 12, 2016
Carisa Chappell and Paul Muolo
Although commercial banks are making money hand-over-first these days, that doesn’t mean national bank regulators shouldn’t worry.
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Red-Hot California Market Gave a Boost to GSE Jumbo, Broker Share in 2Q16

July 11, 2016
John Bancroft
The surge in California business helped boost the national broker share to 12.5 percent of GSE volume during the second quarter…
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Redwood Adjusts QC Process for Reviewing Jumbo Originations, Prompting Criticism from Moody’s

July 11, 2016
Brandon Ivey
Redwood believes the new QC process creates a much larger sample size and a more efficient loan quality feedback loop ...
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Six Senators, Including Corker and Warner, Advise FHFA’s Watt Against ‘Release’ of the GSEs

July 11, 2016
Carisa Chappell and Paul Muolo
Recently, several trade groups and community organizations have called on Watt to allow Fannie and Freddie to rebuild their capital buffers ...
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Moody’s Will Review PHH for Loss of Other Private-Label Customers as Well

July 11, 2016
Paul Muolo
“Given the review for possible downgrade, it is unlikely that the company’s ratings will be upgraded,” said Moody’s.
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Short Takes: PHH’s Loss is Fifth Third’s Gain / Changes Coming to the Ginnie Mae ‘Acknowledgement’ Agreement? / Bank Foreclosures Plunge / Mortgage Crime on the Jersey Shore / New Hire for Valuation Partners

July 11, 2016
Paul Muolo
Former New Jersey politician John Leadbeater worked out a plea arrangement with prosecutors.
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Life Under TRID: Broker Group Wants G-Fee, LLPA Clarification to TRID Rule

July 11, 2016
A mortgage industry group wants to turn the TRID disclosure tables back on the regulators and reveal to homebuyers all the fees – including those imposed by the government – they have to pay for their home purchases, and not just those generated by the industry. The mortgage broker organization known as NAMB – The Association of Mortgage Professionals wants the CFPB and the Federal Housing Finance Agency to further clarify the TILA/RESPA Integrated Disclosure Rule by including a new line item that clearly states the “hidden” guarantee-fees and loan- level price adjustments from Fannie Mae and Freddie Mac. [However, it should be noted that the FHFA has no authorities under the Truth in Lending Act nor the Real Estate Settlement Procedures Act.] ...
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