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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...
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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.
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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...
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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...
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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.
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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.”
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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.
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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.
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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.”
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Freddie Predicts Robust Multifamily Market in Most Metro Areas

October 13, 2015
Carisa Chappell
Freddie said that demand has kept pace with new supply, calming concerns that growth might start to decelerate.
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