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FHFA Wants GSEs to Take a Closer Look at Their Multifamily Lenders

August 20, 2018
Carisa Chappell
The FHFA wants Fannie and Freddie to institute proper controls and perform monitoring on their multifamily counterparties…
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A Real Estate Fintech Takes a Test Drive in Mortgage Banking. Will Others Follow?

August 20, 2018
Paul Muolo
“Zillow could have done this on a much larger scale. Heck, they could’ve bought Ditech,” said industry consultant Paul Hindman.
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When the Going Gets Tough in the Mortgage Industry, the Tough Start Eliminating the 401(k) Match

August 20, 2018
Paul Muolo
Tough times? Might be time to eliminate the 401(k) match…
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Short Takes: More Mortgage M&A / Check Those WARN Act Notices / Accuser Blasts FHFA Sexual Harassment Probe / No Comment from the FHFA

August 20, 2018
Paul Muolo
Grimes' resume also includes stints at Grant Thornton and Price Waterhouse Coopers...
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State Regulators Adopt Uniform Single MLO Licensing Test

August 20, 2018
The Conference of State Bank Supervisors recently announced that all states and U.S. territories now use a single, common exam to assess mortgage loan originators. In the past, a mortgage license candidate would need to take the national exam and a separate test for each state license. Now, MLOs only need take a national test – the National SAFE MLO Test with Uniform State Content – to hold a license. State regulators started to test a uniform national exam five years ago ...
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Declining Refis Take a Bite Out of Fannie/Freddie Business

August 20, 2018
John Bancroft
Most of the month-to-month slump was at Freddie, where MBS production fell 8.9 percent from June.
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Fix-and-Flip Lenders Positive on Market’s Outlook

August 17, 2018
Lenders that offer “fix and flip” financing to single-family investors are having another good year for the most part and see little in the way of either stiff competition or dark clouds on the horizon.
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Computershare Makes Another Mortgage-Related Purchase: LenderLive Network

August 17, 2018
Paul Muolo
Two years ago, Computershare Limited bought Capital Markets Cooperatives, one of the largest mortgage co-ops in the U.S., for roughly $71.2 million.
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What We’re Hearing: Two Giants May Change Hands (Or Maybe Not) / Job Cuts at Ditech / Can HL Sell Ditech Fast Enough? / Tom Marano’s Experience with Troubled Shops / CALCAP Bullish on Fix-and-Flip / A Confidential GSE File On…

August 17, 2018
Paul Muolo
It might be in Ditech’s best interest if Houlihan Lokey finds a buyer now while MSR values are still peaking…
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California Still a Rich Market for Loan Officers

August 17, 2018
California, the largest mortgage market in the U.S., appears to provide more than enough business for loan officers, according to a new Inside Mortgage Trends analysis that compares the number of registered and licensed LOs in each state to the volume of home loans and mortgage applications. [Includes one data chart.]
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