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Fannie Mae and Freddie Mac Implement ‘Independent Dispute Resolution’ Program

February 2, 2016
Paul Muolo
For lenders, the best scenario is that an arbitrator might rule in their favor, with a GSE reimbursing them for what Fannie and Freddie call “certain costs and expenses.”
Read More

Quicken’s Parent Launches Personal Loan Unit, Touting Tech Similar to Rocket Mortgage

February 2, 2016
Brandon Ivey
Another large nonbank enters the space for unsecured consumers loans. A trend in the making?
Read More

TRID Suddenly Driving Mortgage M&A Activity?

February 2, 2016
Paul Muolo
Mortgage firms that are thinking about selling are 15 to 25 years old, said one M&A advisor...
Read More

Bank Holdings of Non-Agency MBS Take a Tumble

February 1, 2016
Brandon Ivey
While most players holding non-agency MBS have seen their investments decline, two types of investors actually increased their holdings...
Read More

FBR Drops Coverage of PHH, Fannie and Freddie Too; No Earnings Date for PHH Yet

February 1, 2016
Paul Muolo
In the announcement on dropping coverage, FBR quoted PHH management as saying “organic growth is hard to come by, strategic initiatives are taking longer to achieve, and prepayment speeds on the company’s MSR are still elevated…”
Read More

Wells Fargo Files 13G on Ocwen Ownership, but It’s Not What You Think

February 1, 2016
Paul Muolo
Although Wells does not own the shares per se, it shows that some of the bank’s wealthier clients are speculating in Ocwen’s stock.
Read More

Short Takes: Equifax Includes FHA in its ‘Subprime’ Numbers / When is Subprime Not FHA? / It Appears PHH is Trading at a Discount / A Jumbo Loan for the Playboy Mansion? / President Trump Might Free the GSEs

February 1, 2016
Paul Muolo and Brandon Ivey
Super-jumbo lenders take note: Hugh Hefner’s Playboy mansion is now officially for sale.
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A Secondary Market Develops for ‘Scratch & Dent’ TRID Loans; Mid-America, Others are Buying

February 1, 2016
Paul Muolo
One company that confirmed its interest in scratch-and-dent TRID loans is Mid America Mortgage.
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Consumers Complaining a Lot Less About Mortgages. What’s Up With That?

February 1, 2016
Thomas Ressler
Kvetching about mortgage servicing was down sharply too, off 23.1 percent compared with the third quarter.
Read More

Cenlar Ordered to Pay Borrower More than $200,000 for Causing ‘Emotional Distress’ after ‘Outrageous Conduct’

February 1, 2016
Brandon Ivey
The subservicer started charging the borrower various attorney fees after completing the modification and didn’t respond to the mortgagor’s questions about those fees in a timely matter...
Read More
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