Industry Trade Groups Want Consumers to Contact Firms First, Not the CFPB July 25, 2018 Yemeng Yang “Customers are more promptly and efficiently served when they contact their financial institution directly with a concern,” said the American Bankers Association…Read More
Flagstar Posts Decent Originations but Expresses Concern About GOS July 25, 2018 Paul Muolo At June 30, Flagstar serviced $120.3 billion in home mortgages, but 77.5 percent of that represents subservicing contracts…Read More
Arizona Nonbank Tells LOs at Other Companies They’re Getting Ripped Off July 25, 2018 Paul Muolo Geneva Financial has a message for all loan officers: “Compensation isn’t everything … said no one!”Read More
Concerns Resurface About GSE ‘Charter Creep’; MBA Gets Vocal July 24, 2018 Paul Muolo But AEI researchers weren’t the only ones throwing bombs…Read More
Redwood to Raise $103 Million with Sale of Common Stock July 24, 2018 Brandon Ivey With the stock sale pending, Redwood disclosed preliminary details about its earnings for the second quarter…Read More
FHFA Says No Decision in 2018 Regarding Updating Credit Score Models July 24, 2018 Carisa Chappell After two years of work, the FHFA throws the idea out the window...Read More
Mortgage Complaints Filed with the CFPB Plunge. Wells Still #1 July 24, 2018 Yemeng Yang In terms of consumer ire, Wells Fargo was the complaint market leader…Read More
Moody’s Raises Concerns About Prime Non-Agency MBS Due Diligence Review Trend July 23, 2018 Brandon Ivey Moody’s: Reps and warrants aren’t as effective as reviewing every mortgage in a deal pre-securitization…Read More
Nonbank Online Lenders Face Capital Woes July 23, 2018 Carisa Chappell The nonbank fintech market consists of a few large players and many small ones…Read More
Another Record Non-QM Production Quarter for Angel Oak. Head Count Reaches 527 July 23, 2018 Paul Muolo Since 2015, Angel Oak Capital Advisors has completed seven non-QM securitizations... Read More
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