GOP Moves to Kill Overtime Exemption, A Move That Would Affect Mortgage Professionals March 24, 2016 George Brooks Then again, there are doubts the legislation will ever be enacted.Read More
Mortgage Debt Rising Again, but Falls Just Short of the $10 Trillion Mark March 24, 2016 John Bancroft The GSEs’ retained portfolios are shrinking, but whole-loan investments held by banks and credit unions are not.Read More
Fannie Mae and Freddie Mac Dominate – by Far – in Condo Financing March 23, 2016 Brandon Ivey The average loan amount on GSE condo mortgages in 2015 was $214,431.Read More
Former Obama Officials and MBS Co-Inventor: Merge Fannie and Freddie March 23, 2016 Paul Muolo Merge Fannie and Freddie into one? Crazier things have been suggested...Read More
Short Takes: W.J. Bradley Workers Wind Up At… / Who Owned WJB? / Not Only TRID / New Residential Readies MBS March 23, 2016 Paul Muolo and Brandon Ivey Meanwhile, we’re told that WJB’s woes can be traced to more than just TRID errors…Read More
Obama’s Top GSE Advisor Michael Stegman Calls it a Day March 23, 2016 Paul Muolo “Look, it’s March of an election year. And it’s not like he was going to get a lot done," said one observer regarding Stegman's departure.Read More
CFPB Smooths the Way for More Small Lenders to Offer ‘Balloons’ in Rural Areas March 23, 2016 Thomas Ressler Prior to the HELP Act, a small lender was only eligible for these provisions if it operated predominantly in rural or underserved areas.Read More
We Know What Mortgage Lenders Think of TRID, but What About Consumers? March 23, 2016 Thomas Ressler On the other hand, 63 percent said the new forms for loan estimates and closing disclosures were easier to understand...Read More
FHFA Still Contemplating Mortgage Principal Reduction Plan; A Decision in 30 Days March 22, 2016 Paul Muolo Once again, the concept of "principal reductions" on Fannie, Freddie loans rears its ugly head.Read More
Short Takes: W.J. Bradley Vendor Owed Money / The TRID Error Options Are… / loanDepot Teams Up with Avant / Loan Mods Slow / Primary Capital Hires SVP March 22, 2016 Paul Muolo and Brandon Ivey What does a depository do if it has a mortgage with a TRID error?Read More
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