Walter/Ditech Bolts the Retail Sector; ‘Fewer’ Than 200 Employees Affected January 7, 2016 Paul Muolo During the first nine months of 2015, retail accounted for just $400 million of Ditech’s $19.6 billion of residential production...Read More
More Office Consolidation for Fannie Mae, This Time in Texas January 7, 2016 Carisa Chappell As for potential layoffs, the government-controlled mortgage giant declined to comment.Read More
Fannie/Freddie MBS Issuance Down Sharply in 4Q; Full Year Numbers Strong January 7, 2016 John Bancroft Freddie managed a bigger annual increase over 2014 levels than Fannie did, thanks in part to its more active program in securitizing seasoned loans.Read More
Industry Has Sit-Down with Cordray over CFPB’s TRID Rule January 7, 2016 Thomas Ressler Among the key TRID issues identified: continued software glitches, systems issues and confusion among technology vendors...Read More
IMA Rolls Out Fannie Mae MSR Deal, More Auctions in the Works January 6, 2016 Paul Muolo The receivables are dominated by Texas collateral at almost 62 percent. Read More
JPM Fined $48 Million for Violating OCC Servicing Consent Order, EverBank $1 Million January 6, 2016 Brandon Ivey The OCC said the mortgage-related fine against Chase was due to the servicer’s actions from December 2011 through November 2013...Read More
Short Takes: Freddie Mac Gives Price Breaks Through LOMC / What Happened to G-Fee Parity? / New CEO for Lenders One? / loanDepot Cranks Out the Second Liens / New Hires for National General January 6, 2016 Paul Muolo Introduced in Sept. 2015, fundings of loanDepot home equity loan products have nearly doubled every month since launch...Read More
JPM Continues to Dominate (By Far) as a Securitizer of USDA Loans January 6, 2016 George Brooks Chase’s nine-month USDA volume translated into a 31.0 percent market share.Read More
HELOC 'Like' Product Hits the Market January 6, 2016 Brandon Ivey Depending on the product, loan amounts can range from $100,000 to $250,000...Read More
Mortgage CEO: ‘TRID Cost Us $500K in Profits’ Last Month January 6, 2016 Paul Muolo This CEO called the letter a "godsend."Read More