A New Indemnification Period for RHS Lenders: Five Years, Not Two March 29, 2016 Brandon Ivey The RHS stated that it may seek indemnification in cases of fraud or misrepresentation regardless of when the loan closed or when the default occurred.Read More
Plan to Smooth Out TRID Errors Could See the Light of Day This Week March 29, 2016 Brandon Ivey The SFIG has circulated a draft proposal regarding a standardized approach...Read More
Phoenix Capital Offering Flow Deals That Could Net $2.4 Billion March 29, 2016 Paul Muolo Much of the collateral is based in the Western U.S.Read More
Short Takes: Banks vs. Nonbank on TRID / Depositories Avoid ‘Fix n Flip’ Mortgages / Fannie, Freddie and ‘Nimrick’ Revisited / RHS and QMs / A Legal Case to Study: Guarantee Rate’s ‘Corporate Spy’ March 29, 2016 Brandon Ivey and Paul Muolo Meet secondary market giant "Natty MaRC"?Read More
It Looks as Though WJB Went Through a ‘Recap’ In December. Then It All Went South March 29, 2016 Paul Muolo Among the secondary market investors buying loans from WJB was JPMorgan Chase, sources said…Read More
The Successor to Fannie/Freddie Would Only Be as Large as it ‘Needs to Be’ March 29, 2016 Brandon Ivey The clock is ticking on Fannie/Freddie capital going to zero. To some, this proposal restarts the GSE "conversation..."Read More
Reverse Mortgage Production Up 15 Percent in 2015, However… March 28, 2016 George Brooks Not one depository ranks among the top 10 reverse mortgage lenders...Read More
Another Shakeup at Redwood Trust: Nicholas Out as President; A Severance Charge That Could Top $4.5 Million March 28, 2016 Paul Muolo The REIT noted that Nicholas “led the team that built Redwood’s residential loan and capital markets platforms.”Read More
Due Diligence Firms Continue to Work on a TRID Fix for the Secondary Market March 28, 2016 Brandon Ivey TRID errors and investor fears are playing a key role in secondary market snafus...Read More
Is Non-QM Lending a Bust? Former CFPB Official Speaks His Mind March 28, 2016 Brandon Ivey CFPB Director Richard Cordray has pushed back against claims from industry participants that regulations have unduly constricted lending...Read More
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