Trump May Mean Less Federal Enforcement, but the States Will Remain Aggressive November 29, 2016 Thomas Ressler A reason to worry: several federal consumer financial protection laws give direct enforcement authority to the states…Read More
Mortgage Repurchases Rise Again, but there’s a Reason: BofA November 29, 2016 John Bancroft The banking industry still has a hefty $4.59 billion of reserves for future repurchase expenses… Read More
FirstKey, New Rez Out with Separate Nonprime MBS Deals Backed by Seasoned Loans November 29, 2016 Brandon Ivey In the FirstKey deal, the loans have seasoned for an average of 10 years…Read More
Nation’s Largest Wholesaler UWM Removes ‘Escrow Waiver’ Fee November 29, 2016 Paul Muolo Some see the move by UWM as a way to be more competitive in a declining origination market…Read More
FCC Hangs Up on MBA’s Telephone Exemption Request November 29, 2016 Brandon Ivey The MBA said the calls would generally be from servicers to borrowers, seeking to determine the reasons and nature of a delinquency…Read More
Short Takes: Trump Names HUD 'Landing Team' / Another Day and No Word from Doc Carson on the HUD Job / Trump ‘Landing Team’ Hits the Beach at the CFPB / Gather Intel and Advise / Resume Polishing Since Election Night? / Freddie Publishes eMortgage Vendor November 29, 2016 Paul Muolo Moreover, anyone close to Richard Cordray has likely been working on their resume since Tuesday night, Nov. 8…Read More
Final 3Q16 Tally: Brokers and Correspondents Gained Market Share, Retail Declines November 28, 2016 John Bancroft In the broker/wholesale channel, United Wholesale Mortgage and Caliber Home Loans posted strong growth rates…Read More
New SFIG ‘Green Paper’ Suggests Benchmark Reps & Warrants for Non-Agency MBS November 28, 2016 Brandon Ivey Current R&W disclosures are seen as particularly inadequate for deals involving non-agency mortgages from multiple lenders…Read More
AIG Is Leaving the MI Space, but It Still Likes Mortgages… November 28, 2016 Brandon Ivey The insurance conglomerate is structuring direct investments in residential and commercial mortgages and other whole loan types…Read More
Investors Continue to Bid Up the Share Price of GSE Common. Can it Last? November 28, 2016 Paul Muolo Fannie Mae common has a “market cap” of $17.68 billion while Freddie is valued at $9.79 billion…Read More
RSS