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HMDA Data: 2014 Origination Volume Stronger Than Previously Thought

September 28, 2015
John Bancroft
Last year, loan production turned out better than many anticipated...
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On the Rise: Subservicing Contracts – Thanks to the CFPB?

September 28, 2015
Paul Muolo
While nonbanks have taken a much bigger share of the servicing market, the top-ranked subservicer is Cenlar, a New Jersey-based savings bank.
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Bank Mortgage Sales Up Sharply in 2Q; But How Much is Left in the Tank?

September 28, 2015
John Bancroft
Through the first half of 2015, banks and thrifts sold $364.35 billion of home loans, up 37.8 percent from the same period last year.
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NH Congressional Delegation Unified in Effort to Delay TRID Enforcement

September 28, 2015
Thomas Ressler
One industry observer saw the development as indicative of growing nervousness that the CFPB may be putting its Democrat allies on Capitol Hill in an awkward position...
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Rushmore Talking to Canadian Pension Fund?

September 28, 2015
Paul Muolo
Rushmore is licensed in all 50 states, Washington DC, and Puerto Rico. It has offices in Irvine, Dallas and San Juan, PR, where it services roughly $1 billion in assets...
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CFPB’s Peggy Twohig Warns About a Plethora of Servicing Violations

September 28, 2015
Thomas Ressler
“We’ve found all kinds of different violations,” said CFPB Assistant Director for Supervision Policy Peggy Twohig.
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GSE Activity by State: 6M15

September 28, 2015
Data detailing the volume of GSE mortgages by state.
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Trade Group Presses Congress to Develop Action Plan on GSE Reform

September 28, 2015
Paul Muolo
The CHLA suggests, among other things, that the U.S. Treasury stop sweeping all GSE profits and instead put that money in a capitalization reserve account...
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Short Takes: Trade Groups Try to Exert Pressure on the FHFA / No Word from the Regulator / Ocwen Catches a Ratings Break / MountainView Ready to Assess Whole-Loan Bids

September 28, 2015
Paul Muolo
Standard & Poor’s has removed Ocwen Financial form its “CreditWatch” list.
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FHLB Collateral Securing Advances Rose By Double Digits in 2014

September 25, 2015
The amount of collateral securing advances at the Federal Home Loan Banks increased by 12 percent, to $688 billion, at the end of 2014, according to a newly released report by the Federal Housing Finance Agency. The report provides details of the levels of collateral pledged to the FHLBanks securing advances. Listing was the most used form of collateral as of the end of 2014, and accounted for 49 percent of collateral pledged. This was followed by blanket pledges, a lien on all or specific categories of a member’s assets, which was 39 percent of collateral pledged. Both were up 2 percent from the previous years. The report noted that FHLBanks typically give members greater borrowing capacity when...
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