Despite receiving hundreds of comments against the proposed rule to ban captive insurance companies from membership in the Federal Home Loan Bank system, the Federal Housing Finance Agency forged ahead this week and issued a final rule banning them from the FHLBanks, upsetting many in the mortgage industry. The decision forces FHLBank members that had used their captive insurers to join the system prior to the FHFA’s proposed rule, many of which are ...

A significant amount of mortgage originations that were set to be completed before the end of 2015 were pushed into early 2016, according to industry analysts. The closing issues could be related to the Consumer Financial Protection Bureau’s “TRID” integrated disclosure rule, with first quarter production expected to see a boost as lenders adjust to the new requirements. Late this week, JPMorgan Chase offered the first look at origination trends for major lenders ...

A 100 percent rejection rate? That's a problem...

In the past, some lenders have complained about forced buybacks because of loan defects even when a mortgage is current.

Alternative-documentation verification in the current market typically includes a review of bank statements, W2s, pay stubs, assets and more...

In the home mortgage sector, complaints dropped both quarterly and annually.

Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."

In other words, the regulation to ban captives from entering the system moved forward despite overwhelming industry opposition…

Quicken Loans, ranked second overall in GSE loan deliveries last year, growing its business by 32.2 percent…

REITs have gained access to the FHLB discount window with the goal of leveraging their investments in both MBS and servicing rights.