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…Read More
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...Read More
First Up to Testify Thursday at the HFSC FHFA Oversight Hearing: Simone Grimes, Mel Watt’s Accuser September 26, 2018 Carisa Chappell Simone Grimes, who holds the title of special advisor, is still employed by the agency.Read More
Short Takes: Speculation on What Mel Watt Might Say / Ocwen Schedules a ‘Special’ Meeting of Shareholders / NOLs of Roughly $400 Million / In the Event of a Change of Control? / FoA Rolls Out Second-Lien Reverse September 26, 2018 Paul Muolo Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change. Read More
Sprout Executive David Akre: Make Non-QMs or Cut Overhead. Your Choice September 25, 2018 Brandon Ivey Matt Nichols, CEO of Deephaven Mortgage, said the share of LOs that actually offer non-QMs is in the single digits.Read More
Former Incenter Trading Unit Reemerges as RAMS Mortgage Capital September 25, 2018 Paul Muolo The unit will continue to be headed by industry veterans Tad Dahlke and Hal Hermelee...Read More
Third-Party Lenders Account for Out-Sized Share of FHA/VA Market September 25, 2018 John Bancroft However, some large commercial banks are willing to remain in the market through correspondent arrangements…Read More
Phoenix Capital Offering Fannie Mae ‘Flow’ Package September 25, 2018 Paul Muolo Roughly 86 percent of the mortgages are purchase-money loans...Read More
MBS Trading Sets a New Low for the Year September 25, 2018 Paul Muolo The trading peak for the year came in February at $239.2 billion.Read More
Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage September 25, 2018 Paul Muolo and Brandon Ivey Will FHA hike its premiums? Maybe, maybe not...Read More
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