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MBA Chief Sees Aggregators Kicking Back Problem TRID Loans to Lenders

December 15, 2015
Paul Muolo
Private rights of action are not covered by the CFPB good faith language on TRID...
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FHFA Seeks Comments on Expanding GSE Role in Manufactured Housing Loans, More…

December 15, 2015
Carisa Chappell and Paul Muolo
In the past, the duty to serve rule has received a great deal of attention from manufactured housing executives who argue the GSEs are not purchasing enough of their loans.
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CFPB Massive Data Collection Program in Congressional Cross-Hairs, Mortgages Too

December 15, 2015
Thomas Ressler
Some other CFPB mortgage-related issues could come up for discussion, such as a hold-harmless enforcement period under the bureau’s new TRID rule...
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Short Takes: New Employment Contracts for PennyMac Executives / Short Life, Fast Growth / Struggling Mortgage REIT Javelin Cuts Expenses / Fewer Houses Take a Swim / New Hires for loanDepot Affiliate

December 15, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
By the way, 10 years ago, PennyMac didn’t even exist. Today, it ranks sixth among all residential lenders and 11th among servicers...
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VA-Backed Ginnie Securitization Spikes as Originations Rise

December 14, 2015
George Brooks
The Golden State accounted for $19.4 billion of VA loans in Ginnie pools at the end of the nine-month period. The Old Dominion State accounted for $10.1 billion in VA loans in Ginnie MBS.
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PennyMac Financial Cuts Repo Deal with Barclays

December 14, 2015
Paul Muolo
Through the first nine months of the year, PennyMac originated $36.92 billion of residential mortgages, an impressive 74.9 percent gain from the same period a year earlier.
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Subprime Lender Angel Oak Reveals: 1,300 Loans to Date, Two Delinquencies

December 14, 2015
Brandon Ivey
The only significant nonprime competition Angel Oak faces is Citadel Loan Servicing, Irvine, CA.
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‘Jumpstart GSE Reform’ Bill is Still Alive, With a Possible Sunset Provision

December 14, 2015
Carisa Chappell
Compass Point predicts the measure now has a 40 percent to 60 percent chance of passage under the omnibus spending bill.
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New York Investment Firm Slashes Stake in Walter Investment

December 14, 2015
Paul Muolo
Select Equity, when reached by IMFnews, declined to comment on why it reduced its position in the lender/servicer...
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Short Takes: Consultant Suggests a Lender Boycott on Listing One’s Race / Fannie Says Consumers Misinformed About Mortgages / S&P Looking for Servicing Help / Lending.com Names New CTO

December 14, 2015
Paul Muolo and Sherry Muolo
In case you were unaware, Joe Garrett has never been a big fan of the CFPB, but unlike some advisors, he is willing to state his feelings on-the-record…
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