Mortgage Insurers Fear an FHFA Crackdown on their Use of Reinsurance October 15, 2015 Paul Muolo “The FHFA is trying to solve every possible problem that might come up,” said one mortgage insurance executive.Read More
Caliber Starting to Look Like Ocwen? A NY AG Probe and a Ratings Downgrade October 15, 2015 Brandon Ivey Regulatory scrutiny of Caliber Home Loans includes an investigation by New York Attorney General Eric Schneiderman...Read More
The Collingwood Group Enters the Mortgage M&A Game October 15, 2015 Paul Muolo The new Collingwood unit, however, will not be involved in the sale of mortgage servicing rights.Read More
GSE PMI Business on the Rise; Growth in Higher LTV Loans October 15, 2015 John Bancroft GSE high-LTV mortgage programs gained traction during 3Q with the two securitizing $2.23 billion of insured purchase loans with LTV ratios of 96 or 97 percent...Read More
Short Takes: An Update on GSE Principal Reductions? / FCI Teams Up with Blackrock on SFRs / Ditech in ABS Deal / RealtyMogul.com Hits a Milestone / Just in Time for Halloween: Fewer ‘Zombie’ Foreclosures October 14, 2015 Paul Muolo and Brandon Ivey According to a rate sheet, the minimum loan amount on the rental properties is $250,000 while the minimum number of properties is five...Read More
Residential Production Down 11 Percent at Wells Fargo, 14 Percent at BofA October 14, 2015 Paul Muolo In 3Q, BofA funded $13.71 billion of first liens, a 14 percent sequential decline. All of it came through the retail channel.Read More
A Trend Continues: Bank of America Pulls the Plug on All Marketing Services Agreements October 14, 2015 Paul Muolo Bank of America said it will discontinue all “space rental agreement programs due to recent regulatory developments.”Read More
Stonegate’s Mortgage Branches Hunting for a Better Deal Elsewhere? October 14, 2015 Paul Muolo Sources have identified Caliber Home Loans and Skyline Lending as possible acquirers of branches.Read More
MBA: Thanks to TRID, Mortgage Applications Get Creamed October 14, 2015 Thomas Ressler The trade group quickly found a villain for the ugly reading: the Oct. 3, 2015, effective date of the CFPB’s TRID rule.Read More
In 3Q, JPM Gobbled Up $19B of Mortgages for its Own Balance Sheet October 14, 2015 Brandon Ivey As one JPM competitor noted: “It’s no surprise that correspondent led the way for them. They own the correspondent jumbo market.”Read More