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A Break for MSAs? In PHH Filing, CFPB Does Not Assert That All Arrangements are Inherently Unlawful

November 12, 2015
Thomas Ressler
“I didn’t see any bold, new assertions in here,” said one legal source. “I think the CFPB has its theory and they’re sticking to it…”
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Another Milestone for Private MIs: 3Q Highest Business Volume Since the Bust

November 12, 2015
John Bancroft
The third-quarter figure was the largest new insurance written total for the industry since 1Q 2008, when private MIs booked $72.17 billion of new coverage.
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A Stonegate Mortgage Disclosure: 47 Branches in the Process of Being Closed

November 12, 2015
Paul Muolo
It's unclear how the Indianapolis-based Stonegate will compensate for the anticipated loss in originations once it closes the 47 branches.
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CoreLogic: Foreclosure Inventory Down to 470,000 Homes and Sinking Fast

November 12, 2015
Paul Muolo
Over the past 12 months, Florida had the highest number of completed foreclosures at 91,000.
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Short Takes: Sen. Ted Cruz Wants to Kill HUD / A New 52-Week Low for Altisource Asset Management / Fannie Mae’s HQ Finally Hits the Market / NMI Gets Senior Secured Loan / The Fastest-Growing Servicers Among Us

November 11, 2015
Paul Muolo and Carisa Chappell
Sen. Rand Paul, R-KY, said he would not touch the mortgage interest deduction, but Dr. Ben Carson wasn't as friendly...
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FHFA Unveils Large Expansion of Areas Where Community Groups Get First Crack at REO

November 11, 2015
Carisa Chappell
The goal of the program is to help stabilize neighborhoods that were hardest hit by the real estate downturn by letting local community organizations review and purchase foreclosed properties first.
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No Flurry of ‘Bulk’ Servicing Deals This Time Around?

November 11, 2015
Paul Muolo
Meanwhile, mortgage servicing values have firmed up the past month, thanks to the recent rise in interest rates...
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SFIG Unveils New ‘Green Paper’ on Non-Agency MBS

November 11, 2015
Brandon Ivey
One of the new model reps addresses the Consumer Financial Protection Bureau’s ability to repay rule and standards for qualified mortgages.
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The CFPB is the Real RESPA Threat, Attorney Charges

November 11, 2015
Thomas Ressler
Mortgage lenders now have to be careful about how they draft an MSA, even if the industry’s preexisting forms are mostly similar from one law firm to another.
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Fannie and Freddie: A Tale of Two Different G-Fees

November 11, 2015
John Bancroft
Fannie and Freddie passed through of $661 million of g-fee money in the third quarter, up 4.6 percent from 2Q...
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Latest Imf News

  • Subservicing Volume Down at Rocket, Cenlar in 2Q

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