Credit Report Gripes Filed with the CFPB Go Sky High October 11, 2017 Thomas Ressler Gripes to the bureau leapt by 53.4 percent on a sequential basis…Read More
Fannie MH Pilot Program Could Boost This Niche Market October 11, 2017 Carisa Chappell While the pilot is limited to New Hampshire home buyers, Fannie thinks the pilot could open the door to other states doing something similar…Read More
Did the Department of Justice Ever Opine in the CFPB Case? Hard to Say… October 10, 2017 Thomas Ressler No one’s talking, and there’s been no indication that the DOJ has even filed a brief in the Ocwen case…Read More
A ‘BRAWL’ Forms, Broker Group Accuses Certain Lenders of Stealing Borrowers October 10, 2017 Brandon Ivey For now, BRAWL isn’t naming names, but credited three lenders for being “true partners” because more than 90 percent of their production comes through the wholesale channel...Read More
Lenders Not Pleased with LOS Systems, ‘LeadGen’ in Particular Gets Low Marks October 10, 2017 Brandon Ivey Lenders are none-too-thrilled with LOS compliance functions as well…Read More
Short Takes: CIT Will Take Hefty Hit on Sale of Financial Freedom / OneWest’s Roots / Fannie and Freddie Affected by Deloitte Hack? / ALTA Unveils Registry / A New Hire for Platinum October 10, 2017 Paul Muolo and Brandon Ivey CIT Group will take a charge of up to $50 million on the sale of Financial Freedom...Read More
The Equifax Data Breach – What it Might Mean for the Mortgage Industry. Warehouse Implications? October 10, 2017 Paul Muolo Overall, hackers stole financial information on roughly 140 million American consumers…Read More
GSE Purchase-Loan Share Hit 63 Percent in 3Q17, a 10-Year High October 9, 2017 John Bancroft The flow of home loans for first-time buyers was up a robust 24.7 percent on a sequential basis…Read More
PHH Private-Label Customer Morgan Stanley Slashes Stake in Nonbank to 0.2 Percent October 9, 2017 Paul Muolo Back in 2015, the Morgan Stanley PLS contract accounted for roughly 20 percent of PHH’s originations…Read More
Average SFR Vacancy Rate Increased in August, but Investor Demand Remains Strong October 9, 2017 Thomas Ressler “Only two single-borrower, single-family rental securitizations posted a retention rate below 70.0 percent,” Morningstar said…Read More
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