Complaints Filed with the CFPB Surged in 1Q18 April 18, 2018 Yemeng Yang Acting CFPB Director Mick Mulvaney is considering removing the CFPB complaint database from public view…Read More
Short Takes: FHFA IG Issues Heavily Redacted Report on GSE Cybersecurity / Ditech Worries about Cybersecurity / IBM Says Nothing About Seterus (Again) / What’s in a Title? Off with Their Heads! April 18, 2018 Paul Muolo and Carisa Chappell As a practice, IBM rarely says a word about Seterus... Read More
MBA: Lower Lending Profits, and Fewer Firms Making Money April 18, 2018 Paul Muolo An ominous sign: 80 percent of mortgage companies surveyed earned a pre-tax financial profit for the year, compared to 94 percent tin 2016.Read More
Ditech Finally Releases 4Q17 Results – A Loss and a Warning About 2018 April 17, 2018 Paul Muolo Ditech added that under new leadership, the lender/servicer “continues to develop and execute various strategies to improve” its performance.Read More
Short Takes: Bank of America Kisses Mortgage Banking (Reporting) Goodbye / When MSR Cash Flow Becomes ‘Immaterial’ / The Eye of the Beholder / Tossing Mortgage Stuff Overboard / Redwood on an MBS Hot Streak / Leaving loanDepot for Impac April 17, 2018 Paul Muolo and Brandon Ivey Is Bank of America doing a slow fade on mortgages? Read More
Nationstar CEO Jay Bray Cleared for a $4.25 Million Bonus April 17, 2018 Paul Muolo CEO Jay Bray was eligible for a maximum bonus of $6.90 million…Read More
Invictus to Issue a Non-Agency MBS Backed by Single-Family Rental Property Loans April 17, 2018 Brandon Ivey The new non-agency MBS from Invictus is a bit of a rarity: the bond is backed only by mortgages on single-family rental properties.Read More
Now in the Works: A ‘State Level’ CFPB (Thanks to Mulvaney?) April 17, 2018 Yemeng Yang The Garden State is following in the footsteps of Pennsylvania, which created a Consumer Financial Protection Unit last July and hired a former CFPB attorney to lead the initiative.Read More
Prime Non-Agency MBS Issuers Getting More Creative… April 17, 2018 Brandon Ivey Due diligence reviews can be costly, especially when the mortgages being produced are pristine.Read More
A Steep 1Q18 Decline in Residential Production for BofA April 16, 2018 Paul Muolo BofA also produced $3.75 billion of home equity loans in the first quarter...Read More
RSS