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Is Student Loan Debt Really Hurting the Mortgage Market?

August 27, 2015
Sherry Muolo
“More people want to take care of their student loan debt before getting into even more [debt] with a mortgage," said Rick Sharga, executive vice president of Auction.com.
Read More

Quicken, FirstKey, New Penn Lead Contributors to Pending Jumbo MBS from Credit Suisse

August 27, 2015
Brandon Ivey
Quicken Loans is contributing 17.1 percent of the mortgages to the new jumbo MBS from Credit Suisse.
Read More

MBA Sees ‘Profit’ Rise 44.3 Percent in FY 2014; Stevens Takes Home $1.6 Million

August 27, 2015
Paul Muolo
For the year ending Sept. 30, 2014 MBA took in revenue of $51.9 million versus $39.1 million in expenses for a net profit of $12.7 million.
Read More

Manhattan Mortgage Founder Melissa Cohn Launches New Company

August 27, 2015
Paul Muolo
Although Manhattan Mortgage operated mostly as a loan broker, a press statement from MC Home Loans describes the new company as a “banker.”
Read More

Short Takes: Fannie Gets the Origination Blues / Hopefully, It Won’t Come True / Marix Gets Freddie Approval / Freddie Grows. Don’t Tell FHFA / MIAC Hires Trading Desk Chief

August 27, 2015
Paul Muolo
If Fannie Mae's origination forecast comes true, just $615 billion in loans will be written from July 1 to Dec. 31, an ugly outlook indeed…
Read More

A ‘New York State of Mind’ on LO Approvals: Like Molasses

August 26, 2015
Paul Muolo
A spokesman for the NYDFS admitted that, “We’re constantly trying to improve our processing times, but we know that we have a lot of work to do..."
Read More

Banks Keep Up the Pressure on a TRID ‘Transition’ Period – Via FFIEC

August 26, 2015
Thomas Ressler
ABA said all stakeholders believe that clearer and more effective mortgage disclosures are important and worthwhile.
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MBA on the Next 10 Years: Don’t Expect Much Change in the Homeownership Rate

August 26, 2015
Brandon Ivey
Renters' attitudes about homeownership have shifted, said Freddie Mac...
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CFPB Finds Mortgage-Related Complaints Declining, Led By Ocwen and Nationstar

August 26, 2015
Brandon Ivey
Among the top 10 companies in the complaint database, two mortgage servicers showed improved performance: Ocwen and Nationstar.
Read More

Get Ready: G-Fees Will Rise for USDA Home Loan Program

August 26, 2015
George Brooks
Effective Oct. 1, 2015, the upfront g-fee for USDA purchase and refinance loans will be raised to 2.75 percent from 2.00 percent.
Read More
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