As of press time, it’s not clear whether the Consumer Financial Protection Bureau will release its proposed rule clarifying certain aspects of its Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosure Rule – TRID – before the end of July, the agency’s original timeframe. Joe Ventrone, vice president and deputy chief for regulatory affairs at the National Association of Realtors, said his organization is now looking at an August release and does not anticipate major changes. “However, the CFPB will put in writing all previous informal guidance [it has] given heretofore,” he said. “I think all the guidance will be important if it gives lenders and vendors comfort against enforcement reprisals.” NAR is...

The decline in interest rates after the Brexit vote in late June has boosted mortgage originations in recent weeks and caused problems for holders of mortgage servicing rights, according to industry participants at the California Mortgage Bankers Association’s Western Secondary Market Conference in San Francisco this week. Mike Duncan, a hedge manager at Compass Analytics, said 25 percent of his firm’s clients were over capacity at the end of May and 40 percent were over capacity by the end of June. He predicted that over-capacity rates could go even higher if interest rates stay low, increasing demand for refinances. Compass provides pricing, valuation and interest rate risk-management services. Rob Branthover, a managing director at Mortgage Industry Advisory Corp., added...

The mortgage-origination market roared to life during the second quarter of 2016 with an estimated $510 billion in new lending, according to an exclusive new Inside Mortgage Finance analysis and ranking. Nearly all lenders reported hefty increases in production – some 50 percent or more – compared to the first three months of the year. As a group, the top 25 lenders for the second quarter originated 31.7 percent more new loans than in the first three months of the year. The estimated $510 billion in originations during the most recent period was...[Includes two data tables]

New applications are at an all-time high at Skyline Home Loans in California…

Financial Freedom’s operation is the subject of an investigation being conducted by the HUD IG's office...

TRID 2.0 could arrive in early August instead…

Two Harbors has been a major player on the post-crisis jumbo MBS market and was even the top-ranked jumbo MBS issuer in the first half of 2016…

Among the top 10 residential lenders in 2Q16, Caliber Home Loans had the largest sequential gain at 51.9 percent, according to an analysis by Inside Mortgage Finance…

However, one bright spot was originations, which increased sequentially by 35 percent to $1.32 billion.

Home Point, which has backing from a PE firm, may have its ears open to future deals…