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Industry Wins Limited Relief From CFPB Rules, Other Measures Pending

December 16, 2015
Thomas Ressler
Among other things, the language grants the CFPB greater flexibility to treat a balloon loan as a “qualified mortgage” if it was extended by a community bank or...
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Just 23 Percent of Mortgage Professionals Vote for an FHA Premium Cut

December 16, 2015
Paul Muolo
The IMF poll also found that some in the industry believe the MMIF minimum capital ratio should be raised to 4 percent...
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More Tales of TRID Implementation Disasters: Law Firm Asks for the ‘HUD-1’ Form

December 16, 2015
Paul Muolo
One trade group rep noted that “anyone telling you” the TRID transition process “is somewhat smooth, is full of it.”
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Short Takes: Angel Oak Nonprime MBS a Done Deal / GSE ‘Jump Start’ Moves Along / Time to End the GSE Profit Sweep? / MBA Continues to Stump for ‘Transitional’ LO License / Sage Bank Settles Lending Discrimination Charges / New Hires for Ranieri

December 16, 2015
Paul Muolo and Thomas Ressler
The CHLA is renewing its call for Treasury and the FHFA to amend the preferred stock purchase agreements once again, allowing the GSEs to build capital...
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Want to Fight a HUD-DOJ FCA Case? Better Have $20 Million for the Attorneys

December 15, 2015
Paul Muolo
“My lenders are keenly aware of meeting their FHA responsibilities,” Corso said in an interview with Inside Mortgage Finance…
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Although Originations are Up Compared to Last Year, ARM Production Falters

December 15, 2015
Brandon Ivey
Meanwhile, Wells Fargo was the top-ranked ARM lender through three quarters in 2015 with $18.83 billion funded. PHH Mortgage was a somewhat close second...
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Ally Back in Mortgages but Don’t Expect it to Keep MSRs or Securitize

December 15, 2015
Paul Muolo
Make no mistake about it, Ally – whose financing roots can be traced to General Motors – has no visions of grandeur in residential finance.
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Securitization Rates Drift Slightly Higher, but Remain Below Historical Levels

December 15, 2015
John Bancroft
Fannie and Freddie have securitized roughly 80.8 percent of conventional-conforming mortgages over the first nine months of the year.
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MBA Chief Sees Aggregators Kicking Back Problem TRID Loans to Lenders

December 15, 2015
Paul Muolo
Private rights of action are not covered by the CFPB good faith language on TRID...
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FHFA Seeks Comments on Expanding GSE Role in Manufactured Housing Loans, More…

December 15, 2015
Carisa Chappell and Paul Muolo
In the past, the duty to serve rule has received a great deal of attention from manufactured housing executives who argue the GSEs are not purchasing enough of their loans.
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