Phoenix Capital Offering Fannie Mae ‘Flow’ Package September 25, 2018 Paul Muolo Roughly 86 percent of the mortgages are purchase-money loans...Read More
Third-Party Lenders Account for Out-Sized Share of FHA/VA Market September 25, 2018 John Bancroft However, some large commercial banks are willing to remain in the market through correspondent arrangements…Read More
Former Incenter Trading Unit Reemerges as RAMS Mortgage Capital September 25, 2018 Paul Muolo The unit will continue to be headed by industry veterans Tad Dahlke and Hal Hermelee...Read More
Sprout Executive David Akre: Make Non-QMs or Cut Overhead. Your Choice September 25, 2018 Brandon Ivey Matt Nichols, CEO of Deephaven Mortgage, said the share of LOs that actually offer non-QMs is in the single digits.Read More
Short Takes: Freddie Doesn’t Mince Words / Thinking of Going Public? / Why Amazon and Google Won’t Buy an Existing Franchise / Moogle or Moogage? / Texas Capital’s Deposit Base / Mortgage Job Cuts at USAA September 24, 2018 Paul Muolo Meanwhile, Hindman doesn’t see Amazon or Google buying an existing mortgage franchise... Read More
State AGs Will Fill the Void if CFPB Punts on Disparate-Impact Use September 24, 2018 Yemeng Yang CFPB chief Mick Mulvaney said the bureau is “no longer allowed” to make any rules about disparate impact under ECOA…Read More
Nonprime Lender Deephaven Taps LoanScorecard’s AU Software September 24, 2018 Paul Muolo Recently, Inside Nonconforming Markets published its second quarter ranking of expanded-credit lenders, but Deephaven did not appear.Read More
MBA Backs User Fee to Fund Tech Upgrades for USDA Program September 24, 2018 George Brooks The FHA has proposed a similar user fee but has been denied repeatedly by Congress…Read More
Trade Groups, Bankers Voice Disdain for Freddie’s MSR-Financing Pilot September 24, 2018 Paul Muolo ICBA: “They [Freddie] can say whatever they want to, but financing MSR crosses the line.” Read More
IO Originations Spiked by 25 Percent in 2Q18 September 24, 2018 Brandon Ivey Angel Oak Lending, Citadel Servicing and Navy Federal Credit Union all had IO gains of more than 60 percent during the quarter.Read More
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