New HUD Rules: Housing Counselor Certification a Must January 3, 2017 George Brooks The agency said 108,875 homeowners avoided foreclosure after seeking assistance from a HUD housing counselor.Read More
A Small Club: Nonbank Mortgage Firms (or Their Owners) That Have Purchased Depositories January 3, 2017 Paul Muolo Consultant Joe Garrett notes: “It’s a very small club of mortgage bankers who’ve bought banks…”Read More
ARM Originations – A Force to be Reckoned With? JPM the Market Leader January 3, 2017 Brandon Ivey The nation’s top three ARM producers are: JPMorgan Chase, Wells Fargo and Bank of America…Read More
What We’re Hearing: 10 Mortgage Firms to Keep an Eye on in 2017 – and Why December 30, 2016 Paul Muolo But if you think that Wells Fargo will pull a “BofA” and quietly downshift its presence in mortgages, think again.Read More
FHA ‘Rehab’ Loan Volume at $2.4 Billion and Counting December 30, 2016 George Brooks In the third quarter, the top FHA rehab were Prospect Mortgage, Movement Mortgage and Wells Fargo.Read More
ARMs a Higher Risk for Defects, Misrepresentation and Fraud December 30, 2016 Brandon Ivey The index estimates the level of defects detected in loan applications processed by the First American FraudGuard system.Read More
Mortgage Insurance Stocks Have Been on a Tear of Late. Can it Last? December 29, 2016 Paul Muolo Rising interest rates are good for MI stocks because it translates into greater “persistency…”Read More
Short Takes: A Host of Approvals Needed on PHH Deal / A $10 Million Termination Fee / Sell and Subservice / And the Ginnies Go To… / New Hire for Gateway Mortgage December 29, 2016 Paul Muolo New Residential is entitled to a $10 million termination fee if the sale falls apart...Read More
When it Comes to Jumbo Lending, Retail Channel Dominates, By Far December 29, 2016 John Bancroft Wells Fargo, for example, reported that 90.7 percent of its third-quarter jumbo originations came through the retail channel…Read More
On the Rise: FHA Loan ‘Defects’ December 29, 2016 George Brooks The leading cause of adverse findings was incomplete or missing loan documents... Read More
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