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Suddenly, 2016 Residential Production Isn’t Looking So Bad; Then Again…

October 26, 2015
John Bancroft
Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.
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Shake Up in Mortgage Division at Citizens Bank

October 26, 2015
Paul Muolo
During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.
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Mortgage Trade Group Chief Marc Savitt to Run for Congress, Again

October 26, 2015
Paul Muolo
As the head of the NAIHP, Savitt has been a frequent critic of the Consumer Financial Protection Bureau...
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Phoenix Capital Selling ‘Flow’ Deal that Could Top $600 Million

October 26, 2015
Paul Muolo
Phoenix Capital is out with a new “flow” servicing offering where the seller will deliver $40 million to $50 million per month in Fannie Mae and Freddie Mac product.
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Short Takes: $500,000 the New GSE Loan Limit? / Coming Soon: The GSE Scorecard / CEO Pay Capped? / Declining Earnings and Revenue for ASPS / Mortgage Network Opens New Office in West Roxbury

October 26, 2015
Paul Muolo
In other GSE news, the Senate version of legislation to cap CEO salaries at Fannie and Freddie is moving along and a vote could happen this week…
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Trouble Ahead? Non-Mortgage ABS Issuance Down Sharply in 3Q

October 23, 2015
John Bancroft
On a year-to-date basis, new ABS production was down 4.5 percent from the first nine months of 2014.
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Stonegate Mortgage Shedding Branches? Or Perhaps More?

October 23, 2015
Paul Muolo
Firms looking to take over those branches from Stonegate include Skyline Home Loans and Prospect Mortgage...
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Fannie, Freddie CEOs Urge Patience to the Industry on the Single GSE Security

October 23, 2015
John Bancroft
The CSP joint venture is staffed and “no longer living like poor cousins” at the GSEs themselves.
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Industry has PHH’s Back in RESPA Battle Against CFPB

October 23, 2015
Thomas Ressler
When the CFPB assumed RESPA enforcement from HUD in July 2011, it pledged to apply its predecessor’s official commentary, guidance and policy statements until further notice, the brief argues.
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GSEs, Regulator Advise Patience on Single Security As Fannie and Freddie Stick to the Game Plan

October 23, 2015
Fannie Mae and Freddie Mac rolled into their eighth year of government conservatorship pushing forward the two major reforms they can accomplish under their existing charters: selling off a significant portion of the credit risk on their current business and building a new MBS platform. Top officials from the two government-sponsored enterprises urged the industry to be patient about the launch of the common securitization platform and, a little further down the road, the single security for GSE to-be-announced MBS. “It will happen...
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