FHA Nominee Montgomery Has to Resubmit Financials. A March Seating? January 3, 2018 Paul Muolo Like scores of other Trump appointees, a final vote on Montgomery’s nomination as assistant secretary for Housing was not acted upon by yearend…Read More
Notwithstanding Efforts to Resolve FCA Issue, Lenders Remain at Risk January 3, 2018 George Brooks Aggressive FCA enforcement and steep settlement amounts have caused some banks to exit from the FHA market.Read More
IMA Launches First MSR Auction of the New Year January 3, 2018 Paul Muolo The seller will consider separate bids on the conventional and government portions…Read More
PHH Will Pay $45 Million to Settle State Servicing Allegations January 3, 2018 Paul Muolo PHH Mortgage is in the process of transforming into a subservicing specialist. Read More
Short Takes: Morgan Stanley and PHH? / Share Price? / Subservicing Rules the Roost / Embrace Hires Legal Affairs Chief / A Name Change for Mortgage Lending Services January 3, 2018 Paul Muolo At Sept. 30, 2017, PHH had a total servicing portfolio (including subservicing contracts) of $162.7 billion...Read More
New Wholesale Non-QM Lender Altloan Promises to be a ‘Disruptor’ January 2, 2018 Brandon Ivey Looks like Angel Oak, Caliber and Citadel Servicing Corp. are about to get some competition in the non-QM sector…Read More
First California Mortgage Still Operating? January 2, 2018 Paul Muolo FCM is headed by Chris Hart, who is also a member of Fannie Mae’s western region advisory board.Read More
No Court Ruling Yet in CFPB’s English v. Mulvaney January 2, 2018 Thomas Ressler Meanwhile, the U.S. Chamber of Commerce asked the court for permission to file an amicus brief supporting the DOJ…Read More
Short Takes: Pickup Picks Up the Pace on Impac Buys / Buy Low, if You Can Get It / Stolen GSE Money? / No Longer ‘Distressed’ / New AI Chief Starts his Term January 2, 2018 Paul Muolo Richard Pickup, a real estate investor by trade, owns more than 10 percent of Impac… Read More
The Story (So Far) on Non-QM MBS: Few Losses, Some Delinquencies; Investors Pleased… December 29, 2017 Brandon Ivey A $150.4 million deal from Angel Oak Capital Advisors issued in December 2015 had a cumulative net loss of just 0.02 percent…Read More
RSS