Jumbo Production Slows More Than the Overall Market, but Not By Much December 10, 2015 John Bancroft An estimated $117.1 billion of mortgages exceeding the baseline conforming loan limit of $417,000 were originated during the third quarter.Read More
FHA National Loan Limit Ceiling Remains Unchanged for 2016, but Increases for 188 Counties December 10, 2015 Paul Muolo HUD actually offers an appeal process where lenders can ask for a loan limit increase for their county...Read More
TRID-Related Loan Delays Bolster Warehouse Profits? Looks That Way December 10, 2015 Paul Muolo “Turn times are slower and processing times are longer,” said David Frase of Southwest Bank.Read More
Short Takes: Banks Continue to Backpedal Away from Servicing Rights / Ocwen Sells MSRs and Pays Down Debt / Nationstar and Mr. Cooper Set for March? / GSEs Invoke Holiday Foreclosure Moratorium Again December 10, 2015 Paul Muolo, John Bancroft, and Carisa Chappell Slip, sliding away: commercial banks and loans-serviced-for others...Read More
Warehouse Lending Slows Somewhat; Banks Cut Pricing December 9, 2015 Paul Muolo “There is a ton of competition out there right now,” said one warehouse manager who works for a top-five firm. Read More
Agencies Provide Updates on Mortgage Regs; In February Look for FHFA Rule on Captives and FHLB Membership December 9, 2015 Thomas Ressler Look for new FHLB membership rules from the FHFA by February 2016...Read More
Government Victories in Financial Crisis Lawsuits Against Officials at State Street, Jefferies Overturned December 9, 2015 Brandon Ivey More evidence that the government has a hard time holding on to victories in subprime-related mortgage cases... Read More
Don Henig, National Sales Director for a loanDepot Division, Departs December 9, 2015 Paul Muolo Over the past four years, Henig has recruited hundreds of retail loan officers for Mortgage Master, which was sold to loanDepot a year ago. Read More
Mortgage Applications Creep Up Ever So Slightly December 9, 2015 Sherry Muolo Mortgage rates are still enticing at just over 4.0 percent with half a point for conforming loans...Read More
Short Takes: TRID Loan Delays, Yes / Nationstar Share Price Hits New Low / Mortgage Employment Not So Bad / Don’t Roll Your Student Loan into the Mortgage / Good News for MI Firms December 9, 2015 Paul Muolo The TRID rule delays loan closings by at least 11 days at this shop...Read More
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