Nonprime Lender Citadel Sees 2Q Run-Rate at $30MM Per Month April 7, 2015 Paul Muolo The Irvine-based Citadel continues to ramp up its staff and hopes to hire another 15 to 20 workers by the end of June.Read More
Mortgage Complaints Filed with the CFPB Plunge 33.5 Percent April 7, 2015 Thomas Ressler Once again, consumer criticisms about residential mortgages led the decline in both timeframes.Read More
Loan Production is a ‘Natural Hedge’ but Some Top Servicers Have a Replenishment Problem April 7, 2015 Paul Muolo The replenishment rate is calculated by dividing servicing outstanding by annual production volume.Read More
Will TRID Leave Settlement Agents in the Lurch? April 7, 2015 Thomas Ressler In the end, the residential originator is ceding less authority to the closing agent...Read More
Freddie Disclosure: Reducing Its Servicing Exposure to Ocwen April 7, 2015 Paul Muolo The disclosure is buried in the details of Freddie’s recent 10-Q filing with Securities and Exchange Commission.Read More
Short Takes: How Many Lenders are Offering LPMI? / Sell that House Now! / NPL Market Waiting for a Shot of Fannie / CFPB Publishes Secret Sauce on TRID / MB Gets new Mortgage Chief April 7, 2015 Paul Muolo and Thomas Ressler Although Fannie Mae is poised to begin auctioning off some of its nonperforming mortgages, the market continues to be dominated by smaller deals.Read More
FHLB-NY Offers Pilot Program to Facilitate Jumbo Whole Loan Sales April 7, 2015 Carisa Chappell According to the FHLB-NY, a limited number of investors – and members – have been approved for the pilot.Read More
Principal Reduction Loan Modifications Less Frequent April 7, 2015 Brandon Ivey The decline in the use of principal reduction mods is concentrated on bank portfolio loans as opposed to mortgages in non-agency MBS.Read More
Jumbo MBS Issuance Hit Post-Crisis High in First Quarter April 6, 2015 Brandon Ivey Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.Read More
Appointment of Ed Golding to FHA Chief Raises Eyebrows on Capitol Hill April 6, 2015 George Brooks Moreover, it is unclear how much enforcement power Edward Golding can wield. Read More
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