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Nation’s Largest Lender Wells Fargo Withdraws From Marketing Service Agreements Too

July 30, 2015
Paul Muolo
In particular, Wells said it would “withdraw from mortgage marketing services and desk rental agreements with real estate firms, builders and certain other referral sources.”
Read More

EverBank Boosts Originations, Sells $5.5 Billion of Servicing Rights to Green Tree

July 29, 2015
Brandon Ivey
Purchase mortgages accounted for 58 percent of EverBank's originations in the second quarter.
Read More

Hatteras Plans to Issue Jumbo MBS by Yearend

July 29, 2015
Brandon Ivey
At least five lenders are currently delivering jumbo ARMs to Hatteras on a flow basis.
Read More

CFPB Sanctions Paymap and LoanCare Over ‘Frequent Payment’ Mortgage Ads

July 29, 2015
Thomas Ressler
The regulator determined that consumers were lured with deceptive promises of savings and misled about when their payments would be applied.
Read More

Texas Lender About to Hit the Market; Five Mid-Sized Lenders for Sale?

July 29, 2015
Paul Muolo
Are more lenders considering selling their companies because of large potential fines they’re facing from the CFPB and HUD?
Read More

David Lykken Leaving Mortgage Banking Solutions After Eight Years

July 29, 2015
Paul Muolo
Lykken said he wants to transform "one company at a time."
Read More

Short Takes: CitiMortgage Posts Highest HAMP Denial Rate / Luxor Cuts Stake in Altisource / CFPB Cracking Down on Timeshares? / Want to Buy a House? Move to the Midwest / Ty Kern Lands at Home Point

July 29, 2015
Brandon Ivey and Paul Muolo
“The question was a surprise to many investors and resulted in clients questioning whether a CFPB crackdown in the timeshare market was ahead,” writes Compass Point analyst Isaac Boltansky…
Read More

Nonbanks Top Contributors to Second Quarter Jumbo MBS

July 28, 2015
Brandon Ivey
Among the top 10 contributors to jumbo MBS through two quarters this year, half were banks or associated with banks.
Read More

Banks Key ‘Behind the Scenes’ Players in Looser Credit: Lending to Borrowers One Day Out of Foreclosure

July 28, 2015
Paul Muolo
The lender could not provide any volume figures, but Logemann said one in 10 inquiries she receives “has some element” of a consumer who has gone through a foreclosure or short sale
Read More

Flagstar Production Up Almost 17 Percent; Sells $386 Million of IOs

July 28, 2015
Paul Muolo
Meanwhile, the thrift’s gain-on-sale profit totaled 121 basis points compared to 127 in 1Q and just 82 in the second quarter of 2014.
Read More
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