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DOJ Repeals Guidance on Mortgage Shopping. Fair Lending Groups Not Happy…

July 18, 2018
George Brooks
Attorney General Jeff Sessions: “When issuing regulations, federal agencies must abide by constitutional principles and follow the rules set forth by the Congress and the President.”
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Executives at Online Mortgage Brokerage Firm Top Survey of Nonbank Earners

July 18, 2018
Paul Muolo
At times, LendingTree’s share price has been highly volatile…
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MBA Chairman-Elect: Lenders in a Game of ‘Chicken’ on LO Compensation

July 18, 2018
Brandon Ivey
MBA Chairman-Elect Chris George said the CFPB could make some adjustments to LO comp regulations, providing lenders with more flexibility…
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CFPB to Shrink Advisory Group Memberships, Cut Costs by More Than Half

July 18, 2018
Yemeng Yang
The budget for the three advisory groups will be limited to $150,000 each per year.
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U.S. Bancorp Posts a 10 Percent Gain in Mortgage Production

July 18, 2018
Paul Muolo
The Minneapolis-based depository posted $191 million of mortgage banking revenue for the second quarter…
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Short Takes: Maybe Fannie and Freddie were Solvent After All / Something to Think About? / Angel Oak is Busy, Very Busy and Needs Qualified Workers / New Hires / A Strong 2Q for MGIC

July 18, 2018
Paul Muolo
The judges opined: "Indeed, the GSEs lost more in 2008 ($108 billion) than they had earned in the previous thirty-seven years combined ($95 billion). Yet the GSEs remained solvent.”
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Nonprime Mortgage Executive Calls Investor Demand ‘Unlimited’

July 17, 2018
Brandon Ivey
Some Wall Street firms are now quietly extending repo lines to originators of non-QMs...
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Nationstar Reports 2Q18 Results: Income and Servicing Down, Originations Up

July 17, 2018
Paul Muolo
Nationstar said it continues to “evaluate significant servicing growth opportunities” and expects to end 2018 with at least $530 billion of MSRs...
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Despite a Slim Profit Margin, Redfin Hopes to Raise $239 Million by Selling Equity and Debt

July 17, 2018
Paul Muolo
The company released an estimate of earnings for the second quarter of 2018, forecasting a profit of $2.6 million to $3.2 million on revenues of about $142.1 million.
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Court Rules FHFA’s Structure Violates the Constitution. But Upholds Treasury Sweep

July 17, 2018
Carisa Chappell
The court said Congress encased the regulator in layers of insulation, which limits the president’s power to remove and replace the FHFA director...
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Latest Imf News

  • Nonbank Share of Agency Servicing Up Again in 2Q

  • Originations Increase, Mortgage Income Strays at Regional Banks

  • Ginnie Lenient With VA Delinquencies as Well

  • KBRA Joins Morningstar in Rating RTL Securitizations

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Featured Data

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