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A Frothy Mortgage Employment Market: Signing Bonuses for Underwriters and Processors?

May 13, 2015
Paul Muolo
Financial consultant Paul Hindman, however, is concerned about such bonuses...
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Sen. Shelby’s Bill Includes ATR Fix for Portfolio Loans

May 13, 2015
Thomas Ressler
Also, the mortgage cannot have been acquired through securitization, nor can it have certain verboten features.
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Shelby's Bill Would Alter the Common Securitization Platform

May 13, 2015
Paul Muolo
To date, CSS has yet to perform a beta test and has a “black budget” whose details are only known to Fannie, Freddie and their regulator.
Read More

Preparedness is Crucial to Surviving a CFPB Audit

May 13, 2015
George Brooks
A CFPB lending exam can take up to six months to complete and can be quite expensive over time...
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Nonprime Lender Citadel Now Has Almost 1,400 Approved Brokers

May 13, 2015
Paul Muolo
CEO Dan Perl noted that the lender will surpass $30 million of fundings in May, a record for the company.
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Short Takes: 40-Day Delays in Closings Because of TRID? / Good News Though / NAIHP Weighs in on TRID / Cordray Skips Out of NAR, Angering Many / Ocwen’s Head Count

May 13, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Plenty of attendees at NAR were steamed that after CFPB Director Richard Cordray made his remarks about TRID that he left the meeting without taking a single question from the audience.
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Purchase Market Starts to Rev Up in April, but Refis Still Key

May 12, 2015
John Bancroft
Fannie and Freddie securitized $26.34 billion of purchase mortgages in April, a 24.3 percent increase from the previous month.
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Cut in FHA Premiums Causes Ocwen to Take a Ginnie Mae MSR Charge

May 12, 2015
Paul Muolo
Last fall, Ocwen tried to sell its Ginnie Mae servicing rights, but recently disclosed that it will keep the receivables instead...
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Five Oaks Takes Loss in 1Q from Jumbo MBS Activities, Interest Rate Hedges

May 12, 2015
Brandon Ivey
Five Oaks' management noted that the REIT has better control of its jumbo MBS exposure since the company issued its own security in April.
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IMA Selling $202 Million Fannie Mae MSR Portfolio

May 12, 2015
Paul Muolo
In late March, IMA noted that it was working on several deals totaling just over $20 billion, but all were being negotiated privately...
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Latest Imf News

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