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MountainView Selling $2 Billion Ginnie Mae MSR Portfolio

July 30, 2015
Paul Muolo
The average loan balance in the package is $214,935.
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Short Takes: An Industry Truce with the CFPB? / No Pay Raises for You! / Bill Would Expand the QM ‘Safe Harbor’ / Quicken #1 in Customer Satisfaction / Applications Rise Ever So Slightly

July 30, 2015
Paul Muolo, Thomas Ressler, and Sherry Muolo
But Garrett also noted: “Congress should kill the CFPB, or at least de-fang it, but until it does, total compliance is necessary.” That’s more like it…
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Ginnie Mae Makes it Official: Prior Approval for Switching Servicers

July 30, 2015
John Bancroft
Effective immediately, any Ginnie Mae issuer that wants to bring servicing in-house from a subservicer must get the agency’s prior written approval...
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CFPB Sanctions Paymap and LoanCare Over ‘Frequent Payment’ Mortgage Ads

July 29, 2015
Thomas Ressler
The regulator determined that consumers were lured with deceptive promises of savings and misled about when their payments would be applied.
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Texas Lender About to Hit the Market; Five Mid-Sized Lenders for Sale?

July 29, 2015
Paul Muolo
Are more lenders considering selling their companies because of large potential fines they’re facing from the CFPB and HUD?
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David Lykken Leaving Mortgage Banking Solutions After Eight Years

July 29, 2015
Paul Muolo
Lykken said he wants to transform "one company at a time."
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Short Takes: CitiMortgage Posts Highest HAMP Denial Rate / Luxor Cuts Stake in Altisource / CFPB Cracking Down on Timeshares? / Want to Buy a House? Move to the Midwest / Ty Kern Lands at Home Point

July 29, 2015
Paul Muolo and Brandon Ivey
“The question was a surprise to many investors and resulted in clients questioning whether a CFPB crackdown in the timeshare market was ahead,” writes Compass Point analyst Isaac Boltansky…
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EverBank Boosts Originations, Sells $5.5 Billion of Servicing Rights to Green Tree

July 29, 2015
Brandon Ivey
Purchase mortgages accounted for 58 percent of EverBank's originations in the second quarter.
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Hatteras Plans to Issue Jumbo MBS by Yearend

July 29, 2015
Brandon Ivey
At least five lenders are currently delivering jumbo ARMs to Hatteras on a flow basis.
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Short Takes: Trump Mortgage an Operational ‘Train Wreck’? / Parkside Launches Non-QM Loan for Investors / What Would ‘Crush’ Housing? / mREIT Posts Strong Earnings

July 28, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
Operational problems at Trump Financial? It's all history now...
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