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Strong Expectations Heading Into Spring Home-Buying Season, Particularly for First-Timers

March 19, 2015
Real estate agents have a positive outlook for the spring homebuying season, especially first-time homebuyers, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Tom Popik, research director of Campbell Surveys, said homebuyer traffic was higher than expected during the winter and demand from first-time buyers is expected to be strong in the coming months. “Rising interest rates may stimulate the market as homebuyers ...
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Industry Asks for ‘Soft’ Enforcement Period on TRID

March 19, 2015
Thomas Ressler
In total, 16 groups signed the letter, including the American Bankers Association, the Community Mortgage Lenders of America, and the National Association of Realtors...
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CFPB Successor-in-Interest Provisions Pose Legal Risks, Could Promote Fraud, Lender Reps Warn

March 19, 2015
The Consumer Financial Protection Bureau’s proposal to significantly expand the regulatory requirements related to successors in interest poses legal risks, threatens personal privacy and could foster instances of fraud, mortgage industry officials said. The provisions related to successors in interest are part of a package of proposed amendments to the bureau’s 2013 mortgage rules under the Real Estate Settlement Procedures Act and the Truth in Lending Act ...
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Short Takes: Cooperman and Omega Throwing in the Towel on Altisource / ASPS Hits New, 52-Week Low / WinWater’s New Jumbo Deal / Lower Originations? / The Best MSRs Go First

March 19, 2015
Brandon Ivey and Paul Muolo

The Beginning of a Trend? Banks Finally Beef Up MSR Holdings (Slightly)

March 18, 2015
John Bancroft
With JPMorgan Chase slated to buy $45 billion worth of Fannie Mae rights from nonbank Ocwen Financial the shift in MSRs over to banks likely will continue...
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FHFA IG Says GSE Profit Revival Won’t Last; G-Fee Doubts?

March 18, 2015
Paul Muolo
Another possible outcome on g-fees is no change at all. To date, FHFA Director Mel Watt hasn’t tipped his hand.
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Ocwen Delays 4Q Results Once Again, Raises Questions About Its MSR Spin-Off, HLSS

March 18, 2015
Paul Muolo
Meanwhile, HLSS on Wednesday disclosed that it too needs more time to file its annual 10-K...
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Lenders More Optimistic on Profits, Mortgage Demand

March 18, 2015
Carisa Chappell
Talk about optimism: Roughly 71 percent of firms surveyed said they expect purchase-mortgage demand to rise.
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Ocwen Inks Yet Another MSR Sale: $9.6 Billion of Freddie Product to Walter

March 18, 2015
Paul Muolo
Ocwen Financial is turning into an MSR selling machine!
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Short Takes: Nonprime Lender Deephaven Gains a Top Executive / A Harbinger of LLPA Changes? / An Easing of Credit Standards? / Where Are Impac’s Earnings? VRM Hires Former Fannie Official

March 18, 2015
Carisa Chappell and Paul Muolo
Subprime lender Deephaven Mortgage has a new executive...
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