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Investment Fund Highbridge Capital Buys Stake in Troubled Ditech Financial

September 27, 2018
Highbridge Capital Management, New York, this week disclosed a 9.79 percent stake in the troubled Ditech Financial, a once bankrupt servicing giant whose future continues to be an open question.
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Mortgage Industry Mostly Ready for TRID 2.0 Compliance But Some Confusion Remains

September 27, 2018
With the deadline for implementing the revised integrated mortgage disclosure rule only a few days away, compliance experts said the industry is ready despite some remaining uncertainty.
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A $490k Loan Limit in 2019?

September 27, 2018
If current trends hold in the official barometer used for adjusting conforming loan limits, look for the baseline limit to go up about 8 percent next year.
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IG Says Fannie/Freddie Fraud Reports Aren’t Being Effectively Used or Analyzed by FHFA

September 27, 2018
The Federal Housing Finance Agency could do a better job at utilizing the information it gets from Fannie Mae and Freddie Mac fraud reports, according to the agency’s Office of Inspector General.
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HUD Plans to Revisit Downpayment Assistance Rule as Stakeholders Warily Eye Tribal Second-Loan Program

September 27, 2018
The Department of Housing and Urban Development is planning this fall to seek comment on the use of FHA downpayment assistance from programs run by entities owned by Native American tribes.
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Attorneys: Proposal from Rep. Waters Underscores Potential Rise in Compliance Risk for Nonbanks

September 27, 2018
Nonbank mortgage servicers for the government-sponsored enterprises would face new regulations if Rep. Maxine Waters, D-CA, has her way.
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Banks, Thrifts and First Liens, the Love Affair Continues

September 26, 2018
Brandon Ivey
Three megabanks account for an outsized share of first liens held by banks: Wells Fargo, JPMorgan Chase and Bank of America.
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Issuance of Non-Agency MBS Constrained by a Lack of Reforms to Reps and Warranties

September 26, 2018
Brandon Ivey
Blackrock and PIMCO were among the firms cited as avoiding new non-agency MBS deals…
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Bridgeview Bank Agrees to Sell Mortgage Unit to Nonbank

September 26, 2018
Paul Muolo
A spokeswoman for bemortgage said the lender’s staff will be kept in place…
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CFPB Seeks Input on Data Collection Practices

September 26, 2018
Yemeng Yang
The new request for information, issued Tuesday, solicits comments on all aspects of data collection...
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