The TRID Compliance Mess Continues: a 100 Percent Rejection Rate by One Investor January 13, 2016 Paul Muolo A 100 percent rejection rate? That's a problem...Read More
Short Takes: We Don’t Need No Stinkin’ FICO Scores / Will TRID Hurt Earnings? / TRID was a ‘Blip’ on the Radar at RPM / More NPL Sales by Fannie / Stonegate Exec Departs for Ditech January 13, 2016 Paul Muolo Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."Read More
Complaints Filed with the CFPB Down Sharply in 4Q15, but… January 13, 2016 Thomas Ressler In the home mortgage sector, complaints dropped both quarterly and annually.Read More
Smooth Sailing Ahead for New Breed of ‘Alternative Doc’ Mortgages? January 13, 2016 Brandon Ivey Alternative-documentation verification in the current market typically includes a review of bank statements, W2s, pay stubs, assets and more...Read More
Nonbank Share of GSE Business Approaching the 50 Percent Mark January 12, 2016 John Bancroft Quicken Loans, ranked second overall in GSE loan deliveries last year, growing its business by 32.2 percent…Read More
Prospects for New Home-Equity Lending Are Looking Up January 12, 2016 Thomas Ressler “Home-equity lending, for years the red-headed stepchild of our industry, is coming back into favor," said CoreLogic's Sam Khater.Read More
While Many New Originations Haven’t Been Compliant with TRID, Fitch Projects Modest Risk for Non-Agency MBS January 12, 2016 Brandon Ivey The guidance from Fitch could ease some fears among purchasers of non-agency mortgages...Read More
It’s Official: FHFA Bans ‘Captives’ From FHLB System; $35 Billion in Advances Must Go – Eventually January 12, 2016 Paul Muolo and Carisa Chappell REITs have gained access to the FHLB discount window with the goal of leveraging their investments in both MBS and servicing rights. Read More
Short Takes: FHFA to Industry: Thanks for Your 400 Comments, but No / Mortgage REITs are Not Happy / IMA Selling $3B in Ginnie MSRs / Schneider’s Salary Revealed / Executive Leaves Altisource for Altavera January 12, 2016 Paul Muolo In other words, the regulation to ban captives from entering the system moved forward despite overwhelming industry opposition… Read More
Mortgage Bankers and Brokers Shed Jobs at Yearend; Loan Officers Still in Demand January 11, 2016 Paul Muolo Although residential lending could fall by 20 percent in 2016, the demand for retail LOs with strong ties to Realtors and home builders should remain strong. Read More
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