Capital One Will Exit Mortgage Business but will Keep MSR Portfolio November 8, 2017 Paul Muolo Back in February, Capital One’s Senior Director of Home Loans Eric Declercq left the company for a position at loanDepot.Read More
New HMDA Data Privacy Concerns Emerge in Wake of Data Breaches November 8, 2017 Thomas Ressler Heightened concerns have emerged about the effectiveness of the CFPB’s information security systems…Read More
Another Quarterly Loss for PHH; Revenues Down Too but New CEO Sees Hope November 8, 2017 Paul Muolo Despite the red ink, PHH’s board approved a new $100 million share repurchase authorization…Read More
Treasury’s GSE Plan Still a ‘Work in Progress.' No Balance Sheet Allowed? November 8, 2017 Paul Muolo A guarantee fund would be developed to cover losses.Read More
Ellington Readies First Non-Agency MBS. Loans Supplied by LendSure Mortgage November 8, 2017 Brandon Ivey LendSure has financial backing from Ellington, among other investors…Read More
Short Takes: Angel Oak Rolls Out New Non-QM Product / A Banner Month for Citadel / Radian Says Don’t Worry About Clayton / Tax Overhaul and the MID? Relax / A New Hire for Stearns Lending November 8, 2017 Paul Muolo A handful of mortgage executives have suggested to us that trade groups are overreacting to the GOP’s tax overhaul plan and the way it treats the mortgage interest deduction... Read More
Ocwen Requests Oral Arguments in CFPB Case, Sans Trump’s DOJ November 7, 2017 Thomas Ressler The Trump White House has made it clear that it’s no fan of the CFPB, but the DOJ has yet to weigh in on the case…Read More
Redwood Increases Jumbo Acquisition Volume, Sees Strong Execution for 'Expanded-Prime' November 7, 2017 Brandon Ivey Redwood Trust plans to issue expanded-prime MBS on a regular basis…Read More
Retail Still the Largest Source of Agency Loans November 7, 2017 John Bancroft Correspondents generated 38.8 percent of the market and posted the highest purchase-mortgage concentration, 77.8 percent.Read More
As Industry Plans for Next Year, Layoffs Commence. CEO Changes Ahead? November 7, 2017 Paul Muolo Industry consultant Paul Hindman believes more executive changes are likely in the months ahead…Read More
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