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In Wake of Warehouse Fraud, Santander Sells Business to Flagstar. Deal Will Create Nation’s Fourth Largest Warehouse Provider

February 21, 2018
Paul Muolo
Flagstar also will hire Santander’s “existing" warehouse relationship managers...
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High (Interest Rate) Anxiety Starts to Seep Into the Mortgage Industry

February 21, 2018
Paul Muolo
“The new year has all of us in the MSR market off to a running start as we see increases in mortgage rates and lower originations leading to greater demand, allowing for improved pricing of the MSR asset,” said Tom Piercy, managing director of Incenter Mortgage Advisors, Denver.
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Seniors Had Fewer Mortgage-Related Complaints in 2017

February 21, 2018
Most complaints from seniors over the past two years centered on conventional mortgages…
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Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets / NAMB Wants Ban on ‘Trigger Leads’ / Ditech Names Interim CEO but Does He Get the $5 Million?

February 21, 2018
Carisa Chappell, Brandon Ivey, and Paul Muolo
It appears that Pershing Square is now under water on its GSE investments...
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CFPB Seeks Feedback on External Engagements, Seven More RFIs to Come

February 21, 2018
Yemeng Yang
The agency will issue seven more RFIs in the coming weeks on such topics as complaint reporting and inherited rules.
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GSE Credit Box Continues to Loosen, but Not by Much

February 20, 2018
John Bancroft
Borrowers with credit scores below 700 accounted for 22.03 percent of GSE purchase loans last year…
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Houlihan Lokey’s Top Dealmaker Jeff Levine Sees a Coming Boom in Origination M&A

February 20, 2018
Brandon Ivey
Levine said there’s demand for retail operations…
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Movement Mortgage Cuts 75 Jobs Due to ‘Operations Improvement’

February 20, 2018
Paul Muolo
Movement locked rates on $1.1 billion of mortgages in January, an 11 percent increase from the same month a year ago. It called the improvement an "indicator of future growth in February and March.”
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Short Takes: Why GSE Reform is Truly Dead / A Tale of Two GSEs / Common Not Doing So Well / Stearns’ Future in Servicing? / SoFi Cuts Mortgage Workers / About Those Strategic Plans…

February 20, 2018
Paul Muolo
Social Finance is cutting positions in its mortgage division...
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House of Representatives Passes GOP ‘TRID Improvement Act’

February 20, 2018
The House of Representatives last week voted 271-145 to approve targeted legislation to address the disclosure of certain charges in the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure, or TRID. H.R. 3978, the TRID Improvement Act of 2017, would require the CFPB to allow for the calculation of discounted title insurance rates that companies may offer to consumers for policies that cover both the lender and the homeowner. The bill was introduced ...
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