Portfolio Retention of ARMs Increased in 2Q16 October 11, 2016 Brandon Ivey Wells Fargo was the top ARM lender in the second quarter with $5.76 billion in originations.Read More
IG Audit: Ginnie Mae Left Hundreds of Uninsured Loans in MBS Pools October 11, 2016 George Brooks Ginnie Mae requires that all loans in its MBS pools have federal insurance or a federal guarantee. Read More
A Big Win for PHH: Court of Appeals Vacates $109M CFPB Fine in RESPA Case. Judge Questions CFPB’s Unchecked Power October 11, 2016 Paul Muolo The judge in the case suggests that the CFPB director has more unchecked power than anyone in government with the exception of President Obama.Read More
Search Firm Approached Former Freddie Mac Executive About the Radian CEO Job October 11, 2016 Paul Muolo The search for a successor to S.A. Ibrahim is well underway…Read More
Short Takes: Investors Shrug at PHH Court Victory? / Life Will Go on at the CFPB… / Compass Point Says ‘Sell’ JPM / FBR Drops Coverage on USB, Three Others / New Hire for Starkey Mortgage October 11, 2016 Paul Muolo No huge gains for PHH's share price...Read More
Court of Appeals Rules CFPB is ‘Unconstitutionally Structured.’ But Agency’s ‘Ongoing Operations’ Will Not be Affected October 11, 2016 Paul Muolo CFPB critics may want to hold off on doing any celebrating...Read More
Left on the Table by ‘Big Blue’: Promontory MortgagePath and Promontory Interfinancial October 10, 2016 Paul Muolo One mortgage insurance official who used Promontory Financial Group in the past described the firm’s work as “excellent,” but noted: “They don’t come cheap.” Read More
BLS: Mortgage Brokerage Jobs Up, Mortgage Banking Jobs Down October 10, 2016 Paul Muolo The hiring picture looks bright for now – at least for mortgage brokerage firms…Read More
Ginnie Mae Crushed Single-Family MBS Issuance Records in 3Q16 October 10, 2016 John Bancroft The agency issued a whopping $145.14 billion of single-family MBS during 3Q16…Read More
Bank Selling ‘Flow’ Servicing That Could Reach $600 Million a Year October 10, 2016 Paul Muolo Based on past production trends of the seller, 52 percent of the loans originated will come through the correspondent channel.Read More
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