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Connecticut Lender, Regulator in Licensing Row

October 3, 2019
Yemeng Yang
A Connecticut lender has accused a state regulator of forcing it out of business by adopting an aggressive interpretation of the LO licensing law.
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North Dakota Appraisal Waiver Draws Ire from Democrats

October 3, 2019
Brandon Ivey
A temporary waiver from appraisals for certain residential real estate transactions in North Dakota has come under fire from Democrats.
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Mortgage Grapevine: 3Q19 Was Pretty Darn Good / Ditech, Anyone?

October 3, 2019
Paul Muolo
Based on reports from non-QM lenders Angel Oak and Citadel, the third quarter was a strong one for most originators. Meanwhile, the Ditech wind-down is almost over.
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QM ‘Patch’ Debate Extends to Underwriting Systems

September 26, 2019
Brandon Ivey
In addition to making a decision on how DTI ratios should factor into determining QM status, the CFPB is being asked to endorse an automated underwriting system for the same.
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3Q19 Not Looking Good for Bulk MSR Sales. Plenty of Buyers Though

September 26, 2019
Paul Muolo
Bulk mortgage servicing sales have been slow in the third quarter, but that doesn’t mean bidders have been hibernating. If rates rise just a little bit and stay there, auctions of MSRs could boom.
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FHFA Chief Keeps a Close Eye on G-Fees, More

September 26, 2019
Paul Muolo
The FHFA is doing its best to make certain the expansionist tendencies of Fannie and Freddie are held in check. Also, a crackdown on g-fee “deals.”
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CFPB Says Its Structure Is Unconstitutional

September 26, 2019
Yemeng Yang
In another about-face, the Consumer Financial Protection Bureau now agrees that its single-director leadership structure is unconstitutional.
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Rising Home Prices Boost Home Equity Levels

September 26, 2019
Yemeng Yang
Homeowner equity hit an all-time high in the first half of 2019, thanks to rising real estate values, according to a recent report from CoreLogic.
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Will Mortgage-Related House Bills Muster Senate Support?

September 26, 2019
George Brooks
The House of Representatives last week passed a number of mortgage-related bills. But the question remains: will they pass the Senate?
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Experts Doubt Non-Agency Market Can Take on GSE Business

September 26, 2019
Dennis Hollier
Experts doubt the non-agency market can pick up the slack of any reduction in the GSEs’ business once the qualified mortgage “patch” expires.
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