Ditech Decides Not to Make Scheduled Debt Payment. Meaning? December 19, 2018 Paul Muolo Ditech's shares now trade for just six cents apiece... Read More
Adverse Ruling in Closely Watched Case Could Increase Servicer Liability December 19, 2018 George Brooks The Tenth Circuit found the FDCPA’s plain language to be controlling…Read More
PRMI President and CEO Dave Zitting to Depart After Selling His Stake in the Lender December 19, 2018 Paul Muolo Founded 20 years ago, PRMI is a retail-only lender that funded $3.7 billion through the first nine months of 2018…Read More
FHA Drops Warranty Requirements for New Single-Family Construction December 19, 2018 George Brooks FHA says positive trends in the housing sector have weakened the need for the multi-year warranty. Read More
Short Takes: Do GSE Servicers Need to Worry About Liquidity? / MF Cap Set at $35 Billion / New American Buys Minnesota Lender / Humble Beginnings / Kraninger Will Keep the CFPB Name / BoNY Mellon to Enter Non-Agency Market as Master Servicer December 19, 2018 Paul Muolo and Brandon Ivey Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…Read More
SRPs Remain High. MSR Interest Strong but Declining Rates Begin to Weigh December 18, 2018 Paul Muolo One advisor said he knows of three bulk transactions that are stalled: one sized at $7.0 billion, another at $16.0 billion, and one more at $24.5 billion.Read More
Quicken Launches Jumbo Product Allowing Qualification Based on Assets Instead of Income December 18, 2018 Brandon Ivey According to Quicken, the loan could work well for retirees... Read More
Fannie Mae Completes $11 billion CIRT Transaction December 18, 2018 Dennis Hollier Fannie Mae retains risk on the first 150 basis points of losses...Read More
ARM Share Drops in the Third Quarter December 18, 2018 Brandon Ivey The ARM share typically goes up when interest rates rise, but not this time around…Read More
Speculation Centers on Clinton Jones for FHA Commissioner December 18, 2018 Paul Muolo Clinton Jones has worked for the HFSC since February 2013. From 2007 to 2008 he was a registered lobbyist for Fannie Mae.Read More