Short Takes: Altisource Unveils Broker Launch / If You Had Bought MGIC Stock Two Years Ago… / UGI and Other MIs Offer Rescission Relief / The ‘Jumbo Three’ September 11, 2014 Paul Muolo Altisource Portfolio Solutions has rolled out a new operating platform for brokers, table funders and third-party vendors. Read More
Warehouse Sector Saw Improvement in Second Quarter, But... September 10, 2014 Paul Muolo Wells and JPMorgan Chase are no longer the dominant forces they once were in warehouse lending, ceding market share to more nimble bankers...Read More
Wellington Management Dumps Most of its Stake in Ocwen September 10, 2014 Paul Muolo "Wellington's going to do what Wellington's going to do," said one observer of the stock sale.Read More
Mortgage Buybacks by Depositories Fall to Lowest Level Since 1Q 2008 September 9, 2014 John Bancroft Bank of America was once again the buyback king at the midway point in 2014.Read More
CFPB: Mortgage Lenders Need to Get With the TRID Now September 9, 2014 Thomas Ressler The CFPB also is working with other regulators to help ensure consistency in their examinations of mortgage lenders...Read More
FHFA Chief Expands (Slightly) on Excluding ‘Captives’ from the FHLB System September 9, 2014 Paul Muolo As reported by IMFnews, 18 current members are affected by the proposed ban on captives, seven of which are mortgage real estate investment trusts.Read More
Richey May: Origination Market May be Looking Up September 9, 2014 Paul Muolo The advisory firm based its findings on the operating results of 37 independent mortgage banking companies across the U.S.Read More
Short Takes: GSE Reform is Dead, Right? / Sen. Warren Wants Wall Street Scalps / If There’s Hope, It Lies With HELOCs / Mortgage Master Continues to Recruit LOs September 9, 2014 Paul Muolo, Thomas Ressler, and Charles Wisniowski Roughly 25 percent of lenders said they hope to enter the home equity lending market over the next 12 months.Read More
MBA Weighs in on FHFA Audit of TBW’s Failure, Doesn’t Like IG’s Recommendation September 8, 2014 Charles Wisniowski MBA's Gross noted that the cost of changing external auditors is “significant,” both for large and small seller/servicers, whether they are public or not.Read More
FHFA May Keep G-Fees Flat or Offer a ‘Token’ Increase; MBA Says No to Any More Hikes September 8, 2014 Paul Muolo In general, the industry believes a g-fee hike may not happen after all, but then there's all those "other charges."Read More