Broker Market Share Up to 13 Percent; Is 20 Percent Doable? May 6, 2015 Paul Muolo Now that brokers are gaining traction, the big question becomes: how much more market share can they gobble up?Read More
First Republic Remains Top Jumbo MBS Lender May 6, 2015 Brandon Ivey Fun fact: First Republic was the only bank among the top five contributors to jumbo MBS issued in the first quarter. Read More
Bank of America Throws 203(k) Loan Program Overboard May 6, 2015 Paul Muolo Among all FHA originators, Bank of America ranks eighth nationwide, based on January figures...Read More
Trade Group Calls for Disclosures on Loan Officer Qualifications May 6, 2015 Thomas Ressler Such disclosures also should show whether the LO has passed the SAFE Act test.Read More
Short Takes: FHFA’s Reps-and-Warranties Clarifications a Bust? / Deephaven’s Nonprime Volume a Mystery / A ‘Responsible’ Nonprime Lender / Mostly a Seller’s Market for Homes? May 6, 2015 Paul Muolo Deephaven's website boasts that it helps “aspiring” homeowners “purchase homes as soon as one day after foreclosure or short sale.” Read More
Fears Over TRID’s Impact Intensify as Clock Ticks May 5, 2015 Thomas Ressler As the TRID deadline approaches industry anxieties are getting stronger and more specific in nature.Read More
Redwood’s Mortgage Income Takes It on the Chin; But Outlook Improves May 5, 2015 Brandon Ivey Redwood posted just $2 million in income from residential mortgage banking activities in the first quarter. Read More
Nationstar’s Stock Hammered After Firm Posts $48 Million 1Q Loss May 5, 2015 Paul Muolo On the plus side, the publicly traded nonbank funded $4.2 billion during Q1, a 16 percent sequential improvement.Read More
Report: A Large Chunk of VA Loans are Not Closing On Time May 5, 2015 George Brooks “For VA, this is a significant change for the worse,” said Tom Popik, designer of the survey.Read More
Freddie’s CEO Layton: Earnings Won’t Rise Much From Here May 5, 2015 Paul Muolo In the first quarter, Freddie Mac's net interest income rose on a sequential basis by a mere 2 percent to $3.647 billion.Read More
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