Is it Good or Bad News That the GSEs Are Losing Market Share? September 16, 2015 John Bancroft Back in the early years after the financial crisis, Fannie and Freddie accounted for 60.0 percent or more of primary-market originations...Read More
TRID Will Cost Industry Billions Annually to Comply, NAIHP Chief Predicts September 16, 2015 Thomas Ressler "For the CFPB to act on its own in such a bullish manner without concern for the confusion this will cause, along with additional costs for consumers, is unconscionable,” said NAIHP chief Marc Savitt.Read More
Flagstar Recently Tried to Sell $10 Billion of MSRs. But Did the Deal Close? September 16, 2015 Paul Muolo Over the past few years, Flagstar has been a selective seller of mortgage servicing rights, lopping off packages as large as $40 billion.Read More
Short Takes: The CSP is Costing How Much? / As for the Implementation Date… / Ocwen Loses Money on MSR Sale / Walter’s ‘Insurance’ Transaction? / A New Hire for MIAC September 16, 2015 Paul Muolo Technology, like MBS, can be complicated. Just read the new FHFA report…Read More
Coming This Fall: Congressionally Mandated Salary Caps for Fannie/Freddie CEOs? September 16, 2015 Carisa Chappell GSE watchers anticipate the salary cap legislation will be signed into law this fall.Read More
Ocwen Now Expects a Loss for 2015, Unveils Cost Cuts; Oh, and It Hopes to be a Top 10 Lender September 15, 2015 Paul Muolo Ocwen blames the anticipated loss on lower revenue and higher operating expenses.Read More
Bank of America Remains the Mortgage Repurchase King September 15, 2015 John Bancroft Bank of America still leads the industry in buybacks with $539 million on a year-to-date basis, or 28.5 percent of the total for all banks. Read More
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...Read More
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...Read More
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... Read More