Coming Soon: The Trump Administration’s ‘Principles’ on GSE Reform October 25, 2017 Brandon Ivey Look for any principles on GSE reform to avoid specificity so as not to box-in legislation being drafted in Congress…Read More
Social Finance (SoFi) is in Play; JPMorgan Chase the Banker October 25, 2017 Paul Muolo What’s SoFi worth? The market may soon find out…Read More
Industry Urges Congress to Tweak QM Points-and-Fees Cap October 25, 2017 Thomas Ressler Moreover, escrowed homeowners insurance premiums may count as “points and fees” due to ambiguous drafting in the regulation…Read More
Short Takes: MBA CEO Dave Stevens Announces Retirement / The Search for a Successor Begins Now / MBA Bullish on Purchase Lending, Refis Not So Much / All Hail Peyton / President Bolts PrimeLending for Nonbank October 25, 2017 Brandon Ivey and Paul Muolo Who will replace Dave Stevens at MBA? The speculation has already begun...Read More
Originations Continued to Exceed Expectations in 3Q17. The Final Tally: $495 Billion October 25, 2017 John Bancroft Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found…Read More
Mortgage Complaints Filed with the CFPB Fell Yet Again October 24, 2017 Thomas Ressler Mortgage servicing-related gripes fell 26.3 percent in the third quarter…Read More
Flagstar Increased Residential Production by 4.5 Percent in 3Q17 October 24, 2017 Paul Muolo Flagstar’s origination business was aided, in part, by its acquisition earlier this year of Opes Advisors...Read More
Nonbanks Mostly on the Sidelines in the HEL Market October 24, 2017 Paul Muolo It was thought that Quicken Loans, the nation’s largest nonbank funder, might follow loanDepot’s lead and enter the arena, but so far no...Read More
HUD Chief Carson: Use of FCA Under Review, but Bad Actors Will be Held Accountable October 24, 2017 George Brooks Secretary Carson warned, however, that HUD will continue to hold bad actors accountable for faulty lending practices…Read More
Short Takes: ‘Zero Capital’ Gets Zero Mention by FHFA Director Watt / Fannie CEO None-Too-Thrilled with ‘Colonial Style’ / Flagstar Cites Sweet Profits from Homebuilder Finance / No Housing Bubble, Says Arch / Capstead Gets a New CFO October 24, 2017 Brandon Ivey and Paul Muolo Homebuilder finance is booming at Flagstar Bancorp...Read More
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