Mortgage Complaints Down 6 Percent from Last Year November 30, 2016 Thomas Ressler Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…Read More
Lone Star Readies Another MBS Backed by New Nonprime Mortgages November 30, 2016 Brandon Ivey The mortgages were originated by Lone Star affiliate Caliber Home Loans, but also LendSure Mortgage and Sterling Bank & Trust.Read More
Incoming Treasury Chief Mnuchin: Resolving Fannie and Freddie a Top Priority. Share Prices Soar! November 30, 2016 Paul Muolo As IMFnews went to press Wednesday, Mnuchin said in a Fox TV interview that resolving Fannie and Freddie will be a top priority. Read More
GSE Single-Family Business Slumped in October, Credit Box Unchanged November 30, 2016 John Bancroft Expanding the credit box will be a major theme in the GSEs’ priorities for 2017, according to the FHFA.Read More
Short Takes: High Hopes for GSE ‘Recap and Release’ / Mnuchin Will be Confirmed / Another Mortgage Deal for Incenter LLC / Arch in Huge Debt Offering / What’s $20 Trillion Among Friends? November 30, 2016 Paul Muolo In case you haven’t noticed: the national debt is ready to crack the $20 trillion mark – almost twice the dollar volume of outstanding residential debt in the United States.Read More
Trump May Mean Less Federal Enforcement, but the States Will Remain Aggressive November 29, 2016 Thomas Ressler A reason to worry: several federal consumer financial protection laws give direct enforcement authority to the states…Read More
Mortgage Repurchases Rise Again, but there’s a Reason: BofA November 29, 2016 John Bancroft The banking industry still has a hefty $4.59 billion of reserves for future repurchase expenses… Read More
Nation’s Largest Wholesaler UWM Removes ‘Escrow Waiver’ Fee November 29, 2016 Paul Muolo Some see the move by UWM as a way to be more competitive in a declining origination market…Read More
Short Takes: Trump Names HUD 'Landing Team' / Another Day and No Word from Doc Carson on the HUD Job / Trump ‘Landing Team’ Hits the Beach at the CFPB / Gather Intel and Advise / Resume Polishing Since Election Night? / Freddie Publishes eMortgage Vendor November 29, 2016 Paul Muolo Moreover, anyone close to Richard Cordray has likely been working on their resume since Tuesday night, Nov. 8…Read More
Final 3Q16 Tally: Brokers and Correspondents Gained Market Share, Retail Declines November 28, 2016 John Bancroft In the broker/wholesale channel, United Wholesale Mortgage and Caliber Home Loans posted strong growth rates…Read More
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