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Community Nonbank Lenders Call for ‘Hold Harmless’ Enforcement Period for TRID

April 16, 2015
Small nonbank mortgage lender groups and other industry representatives once again took the opportunity provided by sympathetic Republicans in Congress to express their anxiety about being able to comply with the pending integrated disclosure rule from the Consumer Financial Protection Bureau when it kicks in Aug. 1, 2015. They echoed a call made late last month by Reps. Blaine Luetkemeyer, R-MO, and Randy Neugebauer, R-TX, for the CFPB to institute a ...
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Credit Union Share of Residential Production Hits a Record 9.45 Percent

April 16, 2015
John Bancroft
Credit unions now lay claim to almost 10 percent of the residential lending market.
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FHA Recaptures Few of Its Refinances; Cut in Annual Premium Could Help

April 16, 2015
Paul Muolo
Where are these FHA loans migrating to? “Fannie Mae and Freddie Mac,” said Chappelle.
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Points-and-Fees Language Passes House but White House Veto Looms

April 15, 2015
Thomas Ressler
Hours before the House vote, word came from the White House that President Obama would veto the measure.
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Low Credit Enhancement on New Jumbo MBS From Two Harbors

April 15, 2015
Brandon Ivey
Credit enhancement levels set by the rating services play a major role in an issuer’s decision to come to market.
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BofA Grows Originations by Almost 13 Percent; Layoffs Ensue

April 15, 2015
Paul Muolo
BofA continues to carve down the size of its mortgage servicing portfolio.
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FHFA Giving Mortgage Insurers an Early Peak at the PMIER Rules

April 15, 2015
Paul Muolo
The general fear is that higher-than-needed capital standards will cause mortgage insurers to hold unnecessary amounts of assets that will force the industry to raise premiums.
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Treasury Point Man on GSE Reform Defends PSPAs

April 15, 2015
Carisa Chappell
The remaining undrawn taxpayer commitment to the GSEs is $258.1 billion dollars, Stegman noted.
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Short Takes: Wall Street Firm Eyeing Mortgage Purchase? / SEC Won’t Take Action Against Carrington / Applications Decline Slightly / Relief for ‘Trailer Park’ Loans? / loanDepot Gets New Chief Credit Risk Officer

April 15, 2015
Paul Muolo, Thomas Ressler, and Brandon Ivey
The Wall Street firm hunting for mortgage acquisitions is not a depository like JPMorgan Chase...
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GSEs in Conservatorship Seen as Working ‘Pretty Well’ for Lenders

April 14, 2015
Brandon Ivey
“Fannie and Freddie have made tremendous strides to provide clarity in the system and create innovations,” said Peter Carroll, executive vice president for mortgage policy and counter party relations at Quicken Loans.
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