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Home » Topics » Inside Mortgage Finance » Originations

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One Month-Plus Into TRID: Fear of Disclosing Buyer Info and Complaints About the Great ‘Time Suck’

November 10, 2015
Paul Muolo
Bill Dallas of Skyline Lending said TRID preparation usurped all other projects...
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Five Oaks Takes Small Loss in 3Q, Runs into Delays on FHLBank Funding

November 10, 2015
Brandon Ivey
Five Oaks is approved to borrow up to $500 million in FHLBank advances.
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Overall, Mortgage Banking Profits Were Weak in 3Q; Nonbanks Took the Biggest Declines

November 9, 2015
John Bancroft
Meanwhile, regional banks appeared to weather the quarter better than other sectors of the mortgage industry…
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October Tally: A Slowdown in Fannie Mae, Freddie Mac Securitizations

November 9, 2015
John Bancroft
Wells Fargo once again ranked first among all GSE sellers with a market share of 15.3 percent in October, almost triple that of the number two ranked Quicken Loans.
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PHH-Merrill(?) PLS Contract Extension Talks Draw to a Close; Lender May Exit FHA

November 9, 2015
Paul Muolo
According to a transcript of the earnings call, PHH also is contemplating exiting the FHA program.
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Redwood Preparing to Issue Unique Jumbo MBS with Loans from UBS Bank

November 9, 2015
Brandon Ivey
KBRA noted that this will be the first post-crisis deal to include a significant contribution of mortgages from UBS Bank.
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Mortgage Brokers Shed Jobs, Lenders Still Hiring

November 9, 2015
Paul Muolo
Mortgage broker employment hit a multi-year low of 55,200 jobs in the spring of 2011, but the sector has steadily added workers...
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Short Takes: loanDepot Moving Closer to IPO? / Garrett Suggests a ‘Reverse’ Merger for Stonegate / Revenue Falls Off the Table at Altisource Asset Management / Nationstar in Servicing-Released Option for MPF

November 9, 2015
Paul Muolo
Maybe a "reverse" merger might work for Stonegate Mortgage...
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Consumers Expecting More in Financial Dealings

November 6, 2015
Nobody likes getting a mortgage, but interactive technology – if implemented correctly – can make the process significantly more transparent and less stressful, industry experts say. There is an opportunity in technology to make the system more transparent and help educate the next generation of homeowners, as well as minority groups, said Robert Greenbaum, director of communications and marketing at Fannie Mae, during a panel session at the annual convention of the Mortgage Bankers Association. “They aspire...
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Technology Vendors Feeling the Heat on TRID

November 6, 2015
Vendors that have been supplying the mortgage lending community with the technology necessary to implement the Consumer Financial Protection Bureau’s integrated disclosure rule are suddenly under regulatory scrutiny over the struggles some lenders have had in being fully compliant with the new regulation. The so-called TRID rule took effect Oct. 3, 2015. A dark cloud began...
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