Some leading mortgage technology vendors told the Consumer Financial Protection Bureau they are concerned about the resources that will be required to implement the changes the bureau wants to make to its integrated disclosure rule known as TRID. In a comment letter to the CFPB regarding its proposed rule to clarify a number of aspects of the TRID regulation, the Mortgage Vendor Regulatory Work Group raised concerns about software implementation resources, including ...

Housing Finance Agency’s proposal to loosen regulation of new business activities by the Federal Home Loan Banks generally showed support for the changes but recommended further exclusions from the definition of “new business activities.” The comment period ended on Oct. 24 and the FHLBanks commended the FHFA for its “thoughtful proposal.” Nevertheless, it noted that it would still like to see the agency adopt proposed enhancements to the new business activity regulation. Back in 2013, the FHLBanks wrote the FHFA about their concerns with the burden of existing regulations. The FHLBanks said that the broad scope of the rule requires them to spend a large amount of time and effort determining whether a proposed activity is...

Fairholme Files Motion to Force Government to Produce Docs ASAP. Plaintiffs in Fairholme Funds Inc. v. United States, et al, filed an emergency enforcement motion this week arguing that the government is purposely taking too long to produce documents and requesting unnecessary extensions. “The defendant has repeatedly delayed complying with the court’s order,” said Fairholme in the court documents. The judge gave the government until Nov. 1 to produce the documents. Freddie prices $217M K-deal. Freddie Mac priced a new offering of Structured Pass-Through Certificates (K Certificates) that are backed by underlying collateral consisting of supplemental multifamily mortgages. The company expects to issue approximately $217 million in K Certificates, which...

Nonbanks crossed a key threshold during 3Q16: Among the top 50 lenders, nonbanks accounted for 51.4 percent of 3Q originations – the first time these lenders grabbed more than half of the market…

“The opportunity for this group to qualify for mortgage loans is growing,” said Experian.

Ocwen funded $1.2 billion in “forward” mortgages and an additional $213 million of reverse loans. In 2Q16 it funded $1.32 billion.

HUD has eased condo requirements, effective immediately. Lenders and Realtors start your engines…

This past summer, Arch agreed to buy United Guaranty, the market leader in the MI space.

Ocwen had an average of 7,484 employees in the third quarter of 2016, down 12.3 percent from 3Q15...

The U.S. mortgage market produced an estimated $580.0 billion of first-lien originations during the third quarter of 2016, according to a new Inside Mortgage Finance analysis and ranking. That was up 13.7 percent from the second quarter, and it marked the strongest origination cycle since the fourth quarter of 2012, when $584.0 billion of new loans flowed through the pipes. The robust third quarter brought year-to-date originations to $1.470 trillion, up 8.9 percent from the first nine months of 2015. Lender feedback and agency mortgage-backed securities data suggest...[Includes two data tables]