Ocwen Says SEC Clears it of Wrongdoing in Two Matters October 4, 2017 Paul Muolo Ocwen suggests that other mortgage firms are being investigated by the SEC for their use of collection agents...Read More
Trouble in IO Land? 1H17 Production Down Almost 20 Percent October 4, 2017 Brandon Ivey First Republic Bank originated $1.90 billion of IOs in the second quarter of 2017, ranking first nationwide.Read More
Cato: Most Americans Support Bipartisan Commission for the CFPB October 4, 2017 Thomas Ressler “Those on the left side of the political spectrum are more likely to know what the CFPB is and have a positive opinion of it,” said Cato’s Emily Ekins.Read More
A Coming Boom for Non-Agency MBS? New Deals are Oversubscribed October 4, 2017 Brandon Ivey Kroll Bond Rating Agency projects that about $11.0 billion of prime non-agency MBS will be issued this year…Read More
Lenders Defend Bank-Statement Mortgages October 3, 2017 Brandon Ivey “Today we can definitely say we know everything about that borrower,” said Steven Schwalb of Angel Oak…Read More
Short Takes: Some Criticism for the GSE Regulator / Security National Passes $3B Mark / Ellie Mae Completes Velocify Deal / Banks Will Pay Because of Equifax Mess / Executive Bolts Stearns for Sierra Pacific October 3, 2017 Paul Muolo and Thomas Ressler But that didn’t stop the conservative from the Lone Star state from offering up some critiques on the FHFA...Read More
IG Blasts FHFA for Escalating Costs in New Fannie Mae HQ October 3, 2017 Carisa Chappell Meanwhile, FHFA Director Mel Watt called the new IG audit “seriously flawed…”Read More
IMA Launches Auction for $9.6 B Fannie/Freddie MSR Portfolio October 3, 2017 Paul Muolo The Fannie/Freddie MSR portfolio has no delinquencies whatsoever… Read More
HomeStreet Scales Back Mortgage Operations, Cites Lack of Housing Supply on West Coast October 3, 2017 Brandon Ivey HomeStreet will reduce its mortgage banking staff by 60 full-time equivalent employees...Read More
FHFA Director Mel Watt Once Again Sounds Warning on GSE Capital Buffer, Offers Hints on What He Might Do October 3, 2017 Paul Muolo FHFA Director Mel Watt: “In fact, it is especially irresponsible for the enterprises not to have such a limited buffer..." Read More
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