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Another Regulator Cashes In as Webster Bolts CFPB for Wells Fargo

September 15, 2015
Thomas Ressler
The trend continues: Work for the CFPB for a year or so and then cash out...
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Radian Launches Two Jumbo MI Offerings, Including Product for Medical Professionals

September 15, 2015
Brandon Ivey
It seems that more MI firms are sticking their toes into the jumbo waters...
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Ocwen Now Expects a Loss for 2015; More Layoffs Planned; Oh, and It Hopes to be a Top 10 Lender

September 15, 2015
Paul Muolo
According to figures compiled by Inside Mortgage Finance, Ocwen may have a long way to go in meeting its production dreams...
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HARP Refi Volume Just About Flat in 2Q15

September 15, 2015
John Bancroft
Fannie Mae had a slight increase in HARP activity and accounted for 59.3 percent of the total for the two GSEs...
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Short Takes: Almost All GSE-Related Legislation is DoA / Don’t Kill the Golden Goose / Those Crazy Common Investors / The GSEs Are Worth $105 Billion? / Brian Webster’s Resume

September 15, 2015
Paul Muolo
In 2Q, the GSEs earned $8.8 billion combined. Multiply that by four (quarters) and then three (years) and you get $105.6 billion.
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And the Beat Goes On: Banks Continue to Shed Servicing Rights

September 14, 2015
John Bancroft
Two companies – Wells Fargo and Bank of America – accounted for virtually all of the decline in bank MSR holdings during the second quarter.
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Home Point Looks to Buy Servicing Rights, Add Another Retail Team

September 14, 2015
Paul Muolo
Recently, Home Point added a large retail lending team from Great Plains Bank and Newman promised that “we have another large retail team scheduled to come on in the next several weeks.”
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Looser Credit on the Way? Fannie Tweaks Self-Employment Verifications

September 14, 2015
Carisa Chappell
The set of changes was updated in the GSE’s selling guide and shows a new way that income from self-employment can be both calculated and documented.
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Guaranteed Rate Acquires Call Center

September 14, 2015
Guaranteed Rate, a retail mortgage lender, continued to expand its business with the acquisition of new call centers and 75 loan officers from Discover Home Loans, which recently announced its decision to exit the mortgage origination business. The new loan officers will join Guaranteed Rate and help generate more loans through its new Digital Mortgage technology, which the company launched in June. The software uses encrypted cloud storage and ...
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Nationstar Trademarks the Name ‘Mr. Cooper.’ But Why?

September 14, 2015
Paul Muolo
"Mr. Cooper" seems like an odd name for a mortgage company to trademark, but you never know...
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