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Two Harbors Sticks with Plain Vanilla for its Latest Jumbo MBS

March 11, 2015
Brandon Ivey
NYCB Mortgage Co. is the top contributor to the jumbo MBS with a 13.5 percent share.
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FHA Lending Down Slightly in January; Quicken Out-Funds Wells Again

March 11, 2015
George Brooks
Universal American Mortgage posted the highest FHA growth rate at 161 percent...
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New Entrant to Mortgages A Bit Unusual: A Buyer of Lottery Winnings

March 11, 2015
Paul Muolo
A major cross-selling opportunity? A report from Credit Suisse notes that, “Every month, JGW receives over 60,000 inbound calls from consumers…”
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CFPB Chief Cordray Continues to Defend ‘Rate Checker’ Tool

March 11, 2015
Thomas Ressler
The CFPB seems to be spending quite a bit of time defending its "rate checker" tool, which is still in beta testing.
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Solutions to the LO Overtime ‘Problem’ Being Weighed

March 11, 2015
Paul Muolo
When it comes to mortgage overtime, management might just say "no."
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Short Takes: LO Overtime Pay: Just Say No / Always Working? / FHFA Critical of Fannie’s Audit Committee / Fitch Rates Rushmore / Mystery Over Spike in Ocwen’s Share Price

March 11, 2015
Brandon Ivey and Paul Muolo
The Supreme Court decision on overtime pay for loan officers is just over 48 hours old, but already some companies are fearing the worst...
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An Onslaught of Legislation to Change the CFPB? QM a Target

March 10, 2015
Thomas Ressler
Bills are expected to include provisions such as providing “qualified mortgage” status for many portfolio loans, with a much broader impact than the CFPB’s recent proposal.
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PHH’s Ticking Time Bomb: the Merrill Lynch Private-Label Contract

March 10, 2015
Paul Muolo
The early betting is that PHH will hold onto the Merrill contract, but in mortgage banking, anything can happen...
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Non-Agency MBS Outstanding Increased in February. What?

March 10, 2015
Brandon Ivey
The increase was a rare occurrence: Since 2009 the balance of non-agency debt outstanding has been on the wane.
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Fannie Mae’s Chief Risk Officer Takes Leave of Absence

March 10, 2015
Paul Muolo
Fannie Mae provided no additional information on the departure, which sounds temporary in nature.
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