Federal Regulators Plead for Housing Finance Reform Legislation, Note They are ‘Approaching the Limits of their Ability to Enact Reform’ June 22, 2016 Brandon Ivey Financial regulators tell Congress: Do something now on GSE reform before it's too late...Read More
25 Trade and Community Groups Tell FHFA Chief Mel Watt: Kill LLPAs Now June 22, 2016 Paul Muolo The mortgage industry and others want LLPAs eliminated now...Read More
IMA Selling Almost $5 Billion of GSE Servicing Rights June 22, 2016 Paul Muolo The market is beginning to see more MSR auctions, much of it tied to GSE product...Read More
Short Takes: FHA Ready to Cut the MIP? / 100 Guests at Ginnie Liquidity Summit / In Demand: Mortgage Underwriters / Citadel Employee Count at 160 and Growing / Freddie Keeps Selling NPLs June 22, 2016 Carisa Chappell and Paul Muolo Roughly 100 guests were invited to the Ginnie Mae "liquidity summit," including regulators from the Federal Reserve. Read More
Wells Fargo Remains the Top Jumbo Servicer – By Far; Strong Growth for JPM June 22, 2016 Brandon Ivey Chase serviced $169.70 billion of jumbos at March 31, up 27.3 percent from the year before….Read More
Reverse Lending Rises 7.7 Percent in 1Q16; Nonbanks Continue to Dominate the Sector June 21, 2016 George Brooks American Advisors Group remained as the alpha dog of the reverse lending pack, producing $525.7 billion in HECMs during the first quarter…Read More
PE Firms Rethinking their Massive Investments in MSRs? June 21, 2016 Paul Muolo Seneca – whose backers include The Blackstone Group, EJF Capital and Arbor Commercial Mortgage – may not be so growth-oriented going forward.Read More
See You in September: Fannie Sets New Release Date for DU 10.0 June 21, 2016 Carisa Chappell What caused the delay of DU 10.0? “Issues,” said the GSE…Read More
PennyMac Adds Non-Delegated Option to Correspondent Program. The Cost: $495 June 21, 2016 Brandon Ivey PennyMac is hoping non-delegated deliveries become an attractive option for many of its customers…Read More
Carrington Will Fund GSE Loans Via Mortgage Brokers June 21, 2016 Paul Muolo Although Carrington does not disclose lending volumes, at March 31, it was the 10th largest servicer of Ginnie Mae loans with a balance of $32.25 billion, according to government data.Read More
RSS