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CFPB Disbands Consumer Advisory Board

June 6, 2018
Yemeng Yang
“The bureau has not fired anyone,” a CFPB spokesperson maintained.
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Guaranteed Rate Plots Growth with ‘Aggressive’ Recruiting of Underwriters, Processors

June 5, 2018
Brandon Ivey
GR is aggressively recruiting mortgage processors, underwriters and secondary analysts...
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Flagstar Agrees to Buy 52 Branches and Loans from Nation’s Largest Home Lender, Wells Fargo

June 5, 2018
Paul Muolo
A Wells Fargo spokesman: "We currently have 33 home lending locations in those states and no home lending team members will be moving to Flagstar as part of this divestiture."
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Tepid Increase in Subservicing Contracts During 1Q18

June 5, 2018
Paul Muolo
“There could be some sector consolidation down the road,” noted Allen Price, senior vice president in charge of business development for RoundPoint Mortgage…
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MBA Wants FHFA to be More Transparent on New GSE Activities

June 5, 2018
Paul Muolo
MBA: “An important recent example is the use of a single vendor for various aspects of a major enterprise technology project, thereby forcing many lenders to choose whether to retain their existing vendors or switch to the lone ‘approved’ vendor.”
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Despite Production Decline, FTHB Market Expected to Remain Robust

June 5, 2018
George Brooks
The number of first-time homebuyers has increased 50 percent over four years…
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Short Takes: Angel Oak Buys Stake in Commercial MB / Questions Being Asked about Trading in GSE Corporate Bonds / Texas Mortgage Shop Closes? / A New Hire for Pavaso

June 5, 2018
Carisa Chappell and Paul Muolo
Another mortgage company has closed. This one in Texas...
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HMDA: Purchase Share of Jumbos Increased in 2017

June 4, 2018
Brandon Ivey
Meanwhile, Guaranteed Rate, Flagstar and HomeBridge Financial more than doubled their jumbo lending in 2017...
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Ginnie Issues VA Restrictions on Freedom, NewDay and SunWest

June 4, 2018
Paul Muolo
Ginnie said it is issuing these time-sensitive restrictions “in the interest of providing additional clarity and transparency to Ginnie MBS investors…”
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Mortgage Brokers Gain Ground in Government-Insured Market

June 4, 2018
John Bancroft
Correspondent production remained the biggest source of FHA/VA loans, accounting for 53.5 percent of the survey sample…
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