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After Being Smacked Down by Regulators, Ocwen Says It’s Been Transformed

April 5, 2017
Brandon Ivey
In an interview, Ocwen’s chief compliance officer said: "We are a fully-transformed company and very anxious to break away from some of the regulatory constraints..."
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Dodd-Frank Co-Author Accuses GOP of Hypocrisy, Defends the CFPB

April 5, 2017
Thomas Ressler
The media call with Barney Frank was sponsored by the Constitutional Accountability Center, which assisted scores of current and former Democrat members of Congress in filing an amicus brief in defense of the CFPB.
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Banks Still Dominate the FHA Servicing Market. But for How Long?

April 5, 2017
George Brooks
The top five FHA servicers are: Wells Fargo, JPMorgan Chase, Cenlar Federal Savings Bank, U.S. Bank and PennyMac Loan Services.
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Short Takes: Mortgage Interest Deduction Could be Neutered / Trump Getting Close on Pam Patenaude for HUD Deputy Post / DocMagic Posts Strong Growth / Chimera Busy with Seasoned MBS / Fannie Mae Official Leaves for Due Diligence Firm

April 5, 2017
Brandon Ivey and Paul Muolo
It appears the Trump White House is once again seriously considering Pam Patenaude to be the deputy HUD secretary...
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Flagstar Will Acquire ‘Certain’ Assets of $3-Billion-a-Year Lender Opes

April 4, 2017
Paul Muolo
With the purchase of Opes, Flagstar likely will move up two spots in the origination rankings to number 12, according to Inside Mortgage Finance.
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Origination of IO Mortgages Spiked by Almost 37 Percent in 2016

April 4, 2017
Brandon Ivey
PHH Mortgage, which is restructuring its operations, was the top ranked interest-only lender in 2016…
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In its Latest PHH Filing, the CFPB Sticks to the Main Premise: the Bureau’s Structure is Constitutional

April 4, 2017
Thomas Ressler
The CFPB noted: “The bureau’s constitutionality has been challenged frequently, but has yet to be addressed by a court of appeals…”
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Fast-Growing Nonprime Lender Angel Oak Adds Four Executives, Aims to Double Sales Force

April 4, 2017
Paul Muolo
Angel Oak employs 52 wholesale account executives and hopes to add three to four additional ones a month.
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Coming May 1: FHA’s New Loan Review System (Defect Taxonomy)

April 4, 2017
George Brooks
The ultimate goal of the LRS is to reduce lenders’ liability risk and minimize overlays…
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Short Takes: Skyline Posts Strong Purchase Lending Numbers / Banks and CUs Pony Up to the IO Bar / Flagstar’s New Wealth Advisory Business / Thanks to AVMs and Google Earth, All Appraisers May be Toast / Frommeyer Leaves NAMB

April 4, 2017
Paul Muolo
A former Utah appraiser said she lost her job to AVMs and now drives a bus for $40,000 a year...
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