Concerns Remain About Impact of Portfolio QM March 29, 2018 Brandon Ivey Moody’s noted that if the provision becomes law, small banks won’t have to meet certain documentation requirements included in the CFPB’s ability-to-repay rule…Read More
Megabanks and Even Nonbanks Continue to Rely Heavily on Correspondent Channel for Government Loans March 29, 2018 George Brooks The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…Read More
Short Takes: Banks with Strong Mortgage Ops Set to Merge / RoundPoint Gets Aggressive on Hiring / Not for Sale Anymore? / Home Point Hires Chief Production Officer / DocMagic Signs up Deutsche Bank / Former Nomura Trader Joins Angel Oak March 29, 2018 Paul Muolo Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...Read More
Financing Flips: Flippin’ Good Volumes Last Year March 29, 2018 George Brooks Several lenders now provide financing to this unique niche and more might join the party as 2018 progresses.Read More
Reg Relief Bill Stalled in the House, Frustration Mounts March 29, 2018 Yemeng Yang House Financial Services Committee Chairman Jeb Hensarling said the GOP is trying to negotiate in good faith…Read More
Servicing-Released Premiums the Best They’ve Been in Years? March 28, 2018 Paul Muolo Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…Read More
USDA Continues Pilot Program that Uses Alternative Loan Limits March 28, 2018 George Brooks Regardless of the method used, the area loan limit may not exceed the FHA single-family mortgage limit.Read More
FHFA Gets Specific on the ‘Common Security’: June 3, 2019 March 28, 2018 Carisa Chappell and Paul Muolo FHFA Director Mel Watt is urging the mortgage industry “to get ready now to ensure smooth, successful implementation.”Read More
Short Takes: What’s Up (Down) with GSE Common? / No News, No Bill, No Hope / Citadel Loosens Underwriting / Angel Oak Opens Dallas Ops Center, Seeks New Hires / W&D Expands March 28, 2018 Brandon Ivey and Paul Muolo It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...Read More
Surprise: A Good Year for HECMs, Production Up 23 Percent in 2017 March 27, 2018 George Brooks The top three reverse lenders in 2017 were American Advisors Group, Reverse Mortgage Funding and One Reverse Mortgage…Read More
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