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Home » Topics » Inside Mortgage Finance » Originations

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Warehouse Commitments to Nonbanks Top $64 Billion

September 13, 2017
Paul Muolo
“A number of companies are expanding the lines they need,” said Larry Charbonneau. “I’ve been doing a number of reviews for warehouse banks lately. Volume is definitely picking up.”
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In New White Paper, MBA Takes Aim at the CFPB

September 13, 2017
Thomas Ressler
MBA believes the CFPB should concede it is bound by the guidance it issues…
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When Loan Demand is Strong, Consumers Get Bad Pricing?

September 13, 2017
Brandon Ivey
The researchers tracked lender rate sheets from 2008 through 2014…
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Short Takes: At SoFi, CEO Cagney is Out. As for the IPO… / Stock Options as an Enticement / Patenaude Nomination Could Get a Vote / Flawless TRID Implementation? / Arbolida to Manage LA Branch for Finance of America

September 13, 2017
Paul Muolo and Thomas Ressler
It’s possible that the nomination of Pam Patenaude to be the number-two at HUD could get a floor vote this week...
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On a Roll: Fourth Consecutive Monthly Gain for GSE MBS Issuance

September 12, 2017
John Bancroft
Fannie and Freddie lost some market share during the second quarter, according to preliminary figures compiled by Inside The GSEs.
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CFPB Eyeing the Equifax Mess, Forced Arbitration an Issue

September 12, 2017
Thomas Ressler
“Equifax’s credit monitoring product contains a mandatory arbitration clause that denies people their right to join together to sue the company for wrongdoing,” the bureau spokesman said.
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KBW on PHH: More Value if the Servicer Liquidates ‘Relatively Quickly’

September 12, 2017
Paul Muolo
KBW noted: “We think there likely will be more value if the company is able to liquidate relatively quickly…”
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No Experience Required: Guaranteed Rate’s Program Will Train 100 Workers in CA

September 12, 2017
Sherry Muolo
Liftoff promises that participants will get instruction on sales itinerary and be prepared for a loan licensing exam.
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Short Takes: Former DB Exec Paul Mangione Slammed in DOJ Civil Complaint / Fort Schuyler Advisors? / Angel Oak Passes $7B Mark / Richard Cordray? / A New CFO for LenderLive

September 12, 2017
Paul Muolo and Thomas Ressler
As IMFnews went to press, Mangione could not be reached for comment. He currently heads Fort Schuyler Advisors...
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Congress Starts to Consider TRID Legislation, Other Changes to CFPB

September 11, 2017
Members of Congress wasted no time getting to work on the CFPB when they returned to the nation’s capital last week after the Labor Day holiday. A subcommittee of the House Financial Services Committee held a hearing to consider a few legislative proposals to foster a more efficient federal financial regulatory regime, including a soon-to-be introduced TRID Improvement Act. Slated to be introduced by Rep. French Hill, R-AR, the TRID Improvement Act of 2017 would amend the Real Estate Settlement Procedures Act and the Truth in Lending Act to expand the period in which a creditor is allowed to cure a good-faith violation on a loan estimate or closing disclosure from 60 to 210 days after consummation. The bill also ...
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