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LPS Settles With State AGs Over Robo-Signing

February 1, 2013
Thomas Ressler
Lender Processing Services settles robosigning allegations with the states.
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Top Executives About to Bolt GMAC?

February 1, 2013
Paul Muolo and Thomas Ressler
With Ally Financial selling ResCap and auctioning off what's left of the bank's servicing business, top executives are departing the company.
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Freddie Says It Has No Limits on New Customer Business

February 1, 2013
Paul Muolo
Although Fannie Mae has set purchase limits on how much production newly approved seller/servicers can sell to the GSE, Freddie Mac has shied away from such caps.
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Fannie Mae Speeding up Seller/Servicer Approvals?

February 1, 2013
Paul Muolo
Fannie Mae appears to be getter faster in approving seller/servicer approvals.
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FHA Chief Galante Warns Against False Advertising

February 1, 2013
George Brooks
FHA chief warns against false advertising.
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Quicken Ranks 20th in Correspondent, But Says It’s Not ‘Traditional’

February 1, 2013
Paul Muolo
Quicken is now a top-five ranked residential retail lender, but some of its loan volume comes from correspondent purchases.
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Good News for QM Servicers?

February 1, 2013
Paul Muolo
It appears the “ability-to-repay” rule is good news for mortgage servicers.
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Originations Hit Two-Year High

February 1, 2013
Paul Muolo, John Bancroft, and George Brooks
Residential production increased modestly during the fourth quarter of 2012, according to a new Inside Mortgage Finance ranking and analysis.
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Treasury’s Stegman: White House Wants Input from Industry on GSE Plan

February 1, 2013
Brandon Ivey
An Obama administration official stressed that the White House is working to craft a comprehensive plan for housing finance reform but wants input from industry participants.tasked with crafting a plan to reform the government-sponsored enterprises provided a strong response yesterday to criticism of the White House’s lack of progress on GSE reform.
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CFPB to Offer ATR Guidance Hotline for Lenders

February 1, 2013
Brandon Ivey
The CFPB soon will offer a hotline for lenders to call with questions about the ability-to-repay and “qualified mortgage” rules.
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