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Trade Group Calls for Disclosures on Loan Officer Qualifications

May 6, 2015
Thomas Ressler
Such disclosures also should show whether the LO has passed the SAFE Act test.
Read More

Short Takes: FHFA’s Reps-and-Warranties Clarifications a Bust? / Deephaven’s Nonprime Volume a Mystery / A ‘Responsible’ Nonprime Lender / Mostly a Seller’s Market for Homes?

May 6, 2015
Paul Muolo
Deephaven's website boasts that it helps “aspiring” homeowners “purchase homes as soon as one day after foreclosure or short sale.”
Read More

Fears Over TRID’s Impact Intensify as Clock Ticks

May 5, 2015
Thomas Ressler
As the TRID deadline approaches industry anxieties are getting stronger and more specific in nature.
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Redwood’s Mortgage Income Takes It on the Chin; But Outlook Improves

May 5, 2015
Brandon Ivey
Redwood posted just $2 million in income from residential mortgage banking activities in the first quarter.
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Nationstar’s Stock Hammered After Firm Posts $48 Million 1Q Loss

May 5, 2015
Paul Muolo
On the plus side, the publicly traded nonbank funded $4.2 billion during Q1, a 16 percent sequential improvement.
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Report: A Large Chunk of VA Loans are Not Closing On Time

May 5, 2015
George Brooks
“For VA, this is a significant change for the worse,” said Tom Popik, designer of the survey.
Read More

Freddie’s CEO Layton: Earnings Won’t Rise Much From Here

May 5, 2015
Paul Muolo
In the first quarter, Freddie Mac's net interest income rose on a sequential basis by a mere 2 percent to $3.647 billion.
Read More

Short Takes: CFPB Holds a Candle for the 'Credit Invisible' / Walter Gets Smacked Around Too / New Fannie MF MBS / Correction on MDS

May 5, 2015
Paul Muolo
Fannie Mae reported Tuesday that the GSE issued $10.4 billion of multifamily MBS in the first quarter of 2015, primarily through its delegated underwriting and servicing program.
Read More

Securitization of Seasoned Fannie/Freddie Mortgages on the Rise

May 4, 2015
Paul Muolo
Over the past few years, both the mega banks and regionals have been keeping some of their agency-eligible loans in portfolio...
Read More

VA Loan Production Almost Equal to FHA – Thanks to Refis

May 4, 2015
George Brooks
Wells Fargo, top VA seller to Ginnie Mae, showed a modest 7.6 percent increase in Ginnie MBS issuances in the first quarter...
Read More
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