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Thanks to TRID, Realtors are Altering Their Purchase Contracts; Longer Timelines

September 1, 2015
Thomas Ressler
Meanwhile, 37.0 percent of realtors indicated they have put together plans with their lender or title company to help even out the process...
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Continued Stock Market Swoon Could Spell More Refis

September 1, 2015
Paul Muolo
Moreover, one warehouse executive told IMFnews that he is beginning to get requests for increased capacity.
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M&T Settles Allegations That It Used ‘Neighborhood Racial Criteria’ for Mortgage Product

September 1, 2015
Brandon Ivey
M&T sought a dismissal of the lawsuit in April, claiming that its loan officers were acting based on legitimate, non-discriminatory reasons.
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Stearns Official Clarifies What Blackstone Will Do With Mortgage Units

September 1, 2015
When the Stearns announcement was made some of its competitors began speculating on what might happen to the acquisitions down the road.
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Mortgage Gain-on-Sale Margins Coming Under Pressure: Compass Point

August 31, 2015
Paul Muolo
According to a new report from Compass Point Research & Trading, a gain-on-sale index the firm created has been contracting the past month...
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Short Takes: Will Trump Touch the Sacred Mortgage Interest Deduction? / Investors Shrug at Cutillo Resignation / Stonegate Too Cheap To Resist? / Atlantic Bay Hits 500-Employee Mark / Good News for MF Lenders, Bad News for Renters

August 31, 2015
Paul Muolo
The resignation of Stonegate Mortgage CEO Jim Cutillo didn’t do much for the stock price of the company Monday.
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Jumbo MBS Servicing Concentrated, Prepayments Can Vary

August 31, 2015
Brandon Ivey
The top five jumbo MBS servicers handle 83.3 percent of the loans, with Cenlar alone claiming a 38.4 percent share.
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GSE Buyback Activity Slows Again in 2Q15; A New Low

August 31, 2015
John Bancroft
Almost 60 percent of the repurchases made in the first half of 2015 involved loans that were securitized by the GSEs in 2013 and 2014.
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CFPB’s ATR Rule Seen as Helping Increase Certainty for Lenders, But…

August 31, 2015
Brandon Ivey
The rating service predicted that in the coming months, more lenders will be willing to offer non-QMs that allow for debt-to-income ratios above 50 percent and credit scores as low as 620.
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Jim Cutillo out as CEO of Stonegate Mortgage; Maybe a Sale is the Solution?

August 31, 2015
Paul Muolo
In a statement, Stonegate said Cutillo will be “redirecting” his “entrepreneurial energy on a new endeavor going forward.”
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Latest Imf News

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