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CFPB Rejects Lead-Generation Firm’s Effort to Dismiss CID

August 25, 2015
Thomas Ressler
The lead generation firm argued that the CID’s notification of purpose was too vague and thus failed to comply with legal and regulatory requirements.
Read More

Mortgage Banking Solutions Selling Wholesale Lender

August 25, 2015
Paul Muolo
MBS Managing Partner Chuck Klein said the company in question owns at least $3 billion in mortgage servicing rights...
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MBA: Origination Profit at Independents Almost Flat in 2Q

August 25, 2015
Paul Muolo
The results are based on 354 lenders that submitted production data to the trade group.
Read More

Short Takes: Credit Suisse Readies Another Jumbo Deal / Angel Oak Nonprime MBS? / Parkside Rolls Out Jumbo With Caveats / FHA, PACE and Lien Priority / Barney Frank Back in the Business?

August 25, 2015
George Brooks, Brandon Ivey, and Paul Muolo
Remember the nonprime MBS deal that Angel Oak was working on with Nomura? The transaction may be on again...
Read More

Fannie Mae Unveils ‘HomeReady,’ A Successor Program to ‘MyCommunityMortgage’

August 25, 2015
Carisa Chappell
HomeReady will become part of DU later this year and replaces the MyCommunityMortgage product, which in some circles was known as Fannie’s “subprime” option.
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Despite Trailblazing MBS, Slow Start for Origination of Non-QMs

August 24, 2015
Brandon Ivey
However, the ground breaking MBS from Lone Star did not receive ratings and was not subject to requirements from the SEC regarding the disclosure of third-party due diligence.
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MBA’s Stevens Pushes for Ending GSE Conservatorships

August 24, 2015
Brandon Ivey
A former FHA commissioner, Stevens said GSE reform should include a new charter for Fannie Mae and Freddie Mac...
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A Growing Source of Profits for the GSEs: Multifamily; Cap Worries?

August 24, 2015
Carisa Chappell
Freddie’s multifamily business grew so much that some industry observers worried that the GSE could reach the $30 billion annual multifamily business cap set by the FHFA.
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Did Blackstone Pay a Premium for Stearns? Not Likely

August 24, 2015
Paul Muolo
Stearns Lending has been on the auction block for well over a year, maybe longer...
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The Pros and Cons of the Stock Market ‘Correction’: More Refis, MSR Markdowns

August 24, 2015
Paul Muolo
Dan Perl, who runs Citadel Loan Servicing, Irvine, CA, said he woke up Monday morning and immediately cut his rates by 25 basis points across the board.
Read More
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