Amid Talk of Industry Layoffs, United Wholesale is Hiring July 5, 2018 Paul Muolo According to figures compiled by Inside Mortgage Finance, UWM ranks ninth overall among all lenders, and is poised to move up in the rankings...Read More
Trump Plan Calls for Moving USDA Housing Programs to HUD July 5, 2018 George Brooks Rep. Kenneth Lucas, R-KY, worried that rural communities face challenges that are far different than those faced by typical FHA or VA homebuyers…Read More
MBA: Mortgage Applications Post a Slight Decline July 5, 2018 Paul Muolo Brace yourself, new mortgage employment figures will be released Friday morning…Read More
DBRS Tops in Rating Non-Agency MBS July 5, 2018 John Bancroft Kroll Bond Rating Service moved up from fourth place in 2017 to start this year in second…Read More
LenderLive Pondering a Sale? Or Something Else? July 5, 2018 Paul Muolo In July 2017, the vendor named Rob Clements chairman and CEO and John Surface president and chief operating officer. Both came over from EverBank Financial…Read More
Short Takes: Megabank Bidding on VA IRRRLs / HUD Didn’t Fix the Mess / Blame the Dodd-Frank Reform Act / Applies to REMICs Only / JPM Remains the FHLB Advance King July 5, 2018 Paul Muolo and Carisa Chappell Needless to say, the VA IRRRL issue is complicated...Read More
Despite Favorable Court Rulings, Questions Remain on Marketing Services Agreements July 3, 2018 Yemeng Yang The RESPA statute and existing regulations still clearly prohibit payments for referrals…Read More
A Big Decline for Interest-Only Originations July 3, 2018 Brandon Ivey Among all IO originators, First Republic Bank ranked first with $1.54 billion…Read More
Short Takes: An MSR-Only Sale for Ditech? / Layoffs at The Money Source / Fannie and Freddie Trim Subprime Holdings / A Capital Raise for Redwood / New Rez Closes on Shellpoint Deal July 3, 2018 Paul Muolo and Brandon Ivey TMS called it a “realignment,” explaining the cuts are part of a plan to “fuel fintech growth.” Read More
Mortgage Insurers Waiting on FHFA and PMIERs 2.0 July 2, 2018 Paul Muolo Keefe Bruyette & Woods believes new PMIER rules could see the light of day shortly…Read More
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