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VA to Scrutinize Loan Closing Delays, Wants to Shorten Wait Times

June 3, 2015
George Brooks
The average closing time for a VA mortgage was 41 days, a reading taken in as of March of this year. A year ago it was 39 days.
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Buyers Continue to Hunt for Mortgage Firms; Mid-Sized Lenders Red Hot?

June 3, 2015
Paul Muolo
Chuck Klein, managing director for Mortgage Banking Solutions, agrees that most of the coming M&A activity will center on small- and medium-sized shops.
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CFPB to be Sensitive to Lenders on TRID Compliance

June 3, 2015
Thomas Ressler
The reassurance on TRID was given Wednesday morning to Richard Hunt, president and CEO of the Consumer Bankers Association...
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The Cost of Privatizing the GSEs: Higher Mortgage Rates. But How Much Higher?

June 3, 2015
Brandon Ivey
If Fannie Mae and Freddie Mac were privatized, they would likely have to increase their capital from current levels and face increased borrowing costs.
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The Latest Lender to Pay Up via the FCA for FHA Violations: First Tennessee

June 2, 2015
George Brooks
The FHA loans were originated through the bank’s mortgage subsidiary, First Horizon Home Loans, which was sold to MetLife Bank in August 2008.
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Short Takes: CFPB Fines of $1 Million a Day? / A Boon for Second-Lien Investors? / Billions of Dollars in HELOCs? / HARP Goes to Arizona / A New Hire for Hamilton

June 2, 2015
Paul Muolo and Brandon Ivey
According to one trader, secured nonperforming seconds sell in the secondary market for one penny on the dollar to 20 cents on the dollar…
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Blackstone’s ‘New’ Mortgage Company Can’t Take Apps Over the Web Until…the NYDFS Says So

June 2, 2015
Paul Muolo
In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a “roll-up” strategy...
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Streamline Refis Power VA-Backed MBS

June 2, 2015
George Brooks
California, Virginia, Texas, Florida and Washington, in sequential order, retained their VA securitization ranking from 2014.
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Two Harbors Turning Out to be a Prolific Issuer of Jumbo MBS

June 2, 2015
Brandon Ivey
Two Harbors is outpacing a fellow REIT, Redwood Trust, in terms of jumbo MBS deals with the latter putting more of an emphasis on whole loan sales.
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ATR Rule Has Done Little to Crimp Mortgage Activity by Banks

June 2, 2015
Brandon Ivey
Portfolio holdings of mortgages also have increased at a faster rate for smaller banks than larger ones.
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