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CFPB on Servicer Exams: Compliance is Mixed

November 12, 2014
Thomas Ressler
On the other hand, examiners cited violations based on policies and procedures reviewed at other servicers.
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Mortgage Brokers Nervous About Provident Cutting Back on Table Funding

November 12, 2014
Paul Muolo
To date, Provident Funding has declined to clarify the situation.
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Moody’s Forecasts ‘Stable’ HFA Outlook for Second Consecutive Year

November 12, 2014
Charles Wisniowski
HFA portfolio performance continues to strengthen, which will bolster future interest income.
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Two Harbors the Latest to Unveil a Non-Prime Mortgage

November 12, 2014
Brandon Ivey
“It has been clear to us for some time that the market has a need for products like this," said Two Harbors executive William Roth.
Read More

Ocwen Affiliate Altisource Exits Force-Placed; Stock Gets Crushed

November 12, 2014
Paul Muolo
As IMFnews went to press, the share price of Altisource was getting slammed, down 20 percent on the day.
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Short Takes: Subprime Vet Jon Daurio Back in Biz? / Don’t Get Drunk on the Lawsky ‘News’ / Can the GOP ‘Fix’ the CFPB? / Nationstar Disappoints Some / Gateway Hires BB&T Mortgage Official

November 12, 2014
Paul Muolo
Will former Long Beach Mortgage executive Jon Daurio finally launch a new nonprime venture?
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Meanwhile, Ocwen Sets Its Sights on Non-Agency Mortgages

November 11, 2014
Brandon Ivey
Some investors have pointed out that Ocwen’s origination volume is small compared to its MSRs and that historically the company has never been competitive in the origination market.
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NYDFS on the Lawsky ‘Leaving’ Rumors: He Loves His Job

November 11, 2014
Paul Muolo
Stock analysts have claimed that Lawsky has been aggressively investigating Ocwen so he can make headlines, paving the way for an eventual run for public office.
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JPMorgan Chase: The Non-Agency MBS King

November 11, 2014
Brandon Ivey
Total non-agency MBS held by banks and thrifts in the second quarter of 2014 fell 9.5 percent compared to 2Q13, largely driven by runoff.
Read More

Lenders Express Deep Concerns About Additional Reporting Under HMDA

November 11, 2014
Thomas Ressler
Lenders are fearful the HMDA proposal does not adequately ensure consumer privacy and that additional costs will be passed onto borrowers.
Read More
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