Complaints Filed with the CFPB Down Sharply in 4Q15, but… January 13, 2016 Thomas Ressler In the home mortgage sector, complaints dropped both quarterly and annually.Read More
Short Takes: We Don’t Need No Stinkin’ FICO Scores / Will TRID Hurt Earnings? / TRID was a ‘Blip’ on the Radar at RPM / More NPL Sales by Fannie / Stonegate Exec Departs for Ditech January 13, 2016 Paul Muolo Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."Read More
Short Takes: FHFA to Industry: Thanks for Your 400 Comments, but No / Mortgage REITs are Not Happy / IMA Selling $3B in Ginnie MSRs / Schneider’s Salary Revealed / Executive Leaves Altisource for Altavera January 12, 2016 Paul Muolo In other words, the regulation to ban captives from entering the system moved forward despite overwhelming industry opposition… Read More
Nonbank Share of GSE Business Approaching the 50 Percent Mark January 12, 2016 John Bancroft Quicken Loans, ranked second overall in GSE loan deliveries last year, growing its business by 32.2 percent…Read More
RoundPoint President Dave Worrall Departs; Servicer Still Open to Offers? January 12, 2016 Paul Muolo At one point, PIMCO had been eyeing RoundPoint, sources told IMFnews...Read More
It’s Official: FHFA Bans ‘Captives’ From FHLB System; $35 Billion in Advances Must Go – Eventually January 12, 2016 Carisa Chappell and Paul Muolo REITs have gained access to the FHLB discount window with the goal of leveraging their investments in both MBS and servicing rights. Read More
While Many New Originations Haven’t Been Compliant with TRID, Fitch Projects Modest Risk for Non-Agency MBS January 12, 2016 Brandon Ivey The guidance from Fitch could ease some fears among purchasers of non-agency mortgages...Read More
Prospects for New Home-Equity Lending Are Looking Up January 12, 2016 Thomas Ressler “Home-equity lending, for years the red-headed stepchild of our industry, is coming back into favor," said CoreLogic's Sam Khater.Read More
In a Fading 4Q Market, Lenders Lean More on Correspondent and Wholesale Channels January 11, 2016 John Bancroft While nonbank residential lenders lean a little more on TPO channels, banks are still the driving force in the correspondent market… Read More
Citi Prevails in Loan Buyback Dispute – Thanks to Contract Language January 11, 2016 Brandon Ivey CitiMortgage filed the lawsuit after Chicago Bancorp refused to repurchase 11 mortgages.Read More
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