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QM Rule Out Wednesday Night, DTI at 43 Percent?

January 30, 2013
Paul Muolo
The Consumer Financial Protection Bureau is expected to unveil its long-anticipated 'Qualified Mortgage’ rule this evening to certain parties with an official release coming Thursday morning, industry officials told Inside Mortgage Finance.
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CFPB’s RESPA/TILA Regulation Coming in September

January 30, 2013
Thomas Ressler
The Consumer Financial Protection Bureau likely will not publish a final rule on the integrated and simplified consumer disclosures under the Real Estate Settlement Procedures Act and the Truth in Lending Act until sometime in September, according to the agency’s newly released semiannual regulatory agenda.
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Short Takes: Impac Ramps Up, Quicken Rocks, NMI Clears MI Hurdle, Apps Rise

January 30, 2013
Paul Muolo and Thomas Ressler
Impac Mortgage, one of the fastest growing funders among the top 100, has hired Mike Casey and Matthew Dismore to bolster its correspondent lending division.
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Industry Has Concerns on ‘Affiliate’ Clause in QM Rule

January 30, 2013
Paul Muolo and Charles Wisniowski
Although the ink is barely dry on the new ‘Qualified Mortgage’ rule, mortgage bankers are already voicing concerns about how it will hurt compensation and affect the jumbo market.
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Policy Change Reopens FHA to Some Community Banks

January 30, 2013
George Brooks
Competition in FHA lending may get a boost following the easing of reporting requirements for insured depository institutions with $500 million or less in total assets.
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Short Takes: Bexil Gets Castle, PennyMac Gets More Lines, One More QM Thought

January 30, 2013
Bexil American Mortgage, a company headed by industry veteran John Robbins, finally revealed the name of the mortgage banking firm it agreed to buy a few weeks back: Castle Mortgage of Vestavia Hills, AL.
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Many Markets See Changes in VA Loan Limits

January 30, 2013
John Bancroft
Over half the high-cost counties in the U.S. will have new VA loan limits in 2013, according to a new analysis by Inside FHA Lending
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MBA: Applications Tumble, Refis Share Weakens

January 30, 2013
Paul Muolo
New residential loan applications fell 12.3 percent for the week ending Dec. 14 with the reading on its refinancing index dropping to the lowest level in just over a month, according to new survey figures compiled by the Mortgage Bankers Association. The refi share of all new business fell to 83 percent from 84 percent the week prior. MBA vice president of research Mike Fratantoni blamed the decline on rates which rose during the second…
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Mortgage Closings, the ‘Cliff,’ a Nonprime Revival?

January 30, 2013
Paul Muolo
Outside the weather’s frightful – and inside the loan closings are piling up like snow drifts in Northern Minnesota.
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Atlanta Mortgage Banker Gets Fannie Mae Approval

January 30, 2013
Paul Muolo
Equity Loans LLC, Atlanta, a national direct lender, said it has received final approval to become a Fannie Mae seller/servicer.
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