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Utah-Based Nonbank Buys Industry Vet’s First Mortgage of Oklahoma

July 19, 2017
Paul Muolo
A press statement on the sale included no production or servicing information for either company…
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Mortgage Applications Heat Up for the Week

July 19, 2017
Sherry Muolo
Applications are heading northward again...
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Short Takes: A Bulk MSR Deal from MountainView / Proposed HUD Lender Fee Is Cut From Spending Measure / Invictus Readies Nonprime MBS Deal / A Promotion at loanDepot

July 19, 2017
George Brooks, Brandon Ivey, and Paul Muolo
Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...
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Ginnie Mae Continues to Lead the Pack in Agency Servicing Growth

July 19, 2017
John Bancroft
Outstanding MBS servicing at Fannie actually declined slightly in the second quarter…
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CFPB Issues Proposal to Address the TRID ‘Black Hole’

July 19, 2017
Thomas Ressler
Currently, lenders are permitted, under certain limited circumstances, to use revised estimates…
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Fannie/Freddie Single-Family MBS Business Slumped in 2Q17; Bank and Thrift Business Weak

July 18, 2017
John Bancroft
Wells Fargo saw an 18.6 percent drop in its GSE business during the April-June cycle, but the three other megabanks had much bigger declines…
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Flagstar Bancorp to Issue its First Post-Crisis Jumbo MBS

July 18, 2017
Brandon Ivey
All of the mortgages Clayton reviewed for the MBS are safe harbor qualified mortgages.
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Residential Production at BofA Rises 16 Percent; MSR Balances Continue to Fall

July 18, 2017
Paul Muolo
Compared to the same period a year ago, servicing balances have fallen by 19.5 percent.
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Walter’s Warehouse Lenders Show Patience – but for How Long?

July 18, 2017
Paul Muolo
In late May, Walter disclosed in an SEC filing that some of its previously issued financial statements could not be relied upon because of what it called an “accounting error.”
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CFPB Suffers Another RESPA Blow; A Victory for Affiliated Business Arrangements?

July 18, 2017
Thomas Ressler
It’s unclear whether the CFPB will appeal the decision. Bureau officials declined to comment.
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