Nonbanks Gained Market Share in 2Q18 October 3, 2018 John Bancroft As a result, the nonbank share of new production edged up to 53.9 percent, its highest level since the second quarter of 2017.Read More
CMLA Criticizes Brookings Report on Nonbank Mortgage Firms October 3, 2018 Paul Muolo Rob Zimmer of CMLA: “The organization [Brookings] is now pushing a deeply flawed report that uses veterans and active-duty personnel as pawns…”Read More
CFPB’s Mulvaney Says Reorg Will Continue Despite Criticism of Fair Lending Chief October 3, 2018 Yemeng Yang CFPB Director Mulvaney: “I will not be undoing the changes. I recognize this is not the result that some of you may have wanted. But I stand by my decision and we will proceed accordingly.”Read More
Short Takes: How High Might the Yield on the 10-Year Go? / Waiting on a Stock Market Correction / Deficits Don’t Matter Anymore (For Now) / A New Office for Better Mortgage / Richey Buys Two / Freddie Promotes Former Wells Fargo Exec October 3, 2018 Paul Muolo The stock market hit a new high. What possibly could go wrong?Read More
Trade Groups Seek Changes to LO Compensation Rule October 2, 2018 Yemeng Yang Trade groups said the rule, while well-intentioned, is causing serious problems for the mortgage industry…Read More
GSE Shareholders Take Solace in Partial Win Against FHFA, Treasury October 2, 2018 Carisa Chappell Investors Unite: “Lamberth’s ruling does not mean reimbursement checks are on the way…”Read More
Short Takes: Top-Ranked Subservicer Hires Nonbank Execs / Soon to be One: Ocwen and PHH / NAR Bolsters its Government Affairs Staff / One Criticism of Jeb / California, the Golden GSE State October 2, 2018 Carisa Chappell and Paul Muolo One criticism of Hensarling is that his conservative ideals prevented him from shaping a consensus bill to reform Fannie Mae and Freddie Mac...Read More
Top-Ranked Wholesaler Unveils New Leadership Structure October 1, 2018 Paul Muolo Plaza Home is growing its renovation loan and reverse lending businesses...Read More
Short Takes: Senators Want CFPB Official Fired / A Plea to Stop the Agency’s Reorg / Sen. Warren Drops Hint on White House Run / Watt’s Tenure? / A New Director at Altisource October 1, 2018 Paul Muolo Sen. Warren has been dropping hints that she may run for president in 2020...Read More
FHA Not Sure it Will Extend the New ‘Second Appraisal’ Policy on HECMs October 1, 2018 George Brooks Appraisal bias remains a primary concern…Read More
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