In Wake of Accounting Problems, Walter/Ditech Discloses ‘Waivers’ From Warehouse Lenders June 14, 2017 Paul Muolo Walter’s warehouse providers include Wells Fargo and Credit Suisse, among others.Read More
Marketplace Lender SoFi Files for Bank Charter. Is an IPO in the Wings? June 14, 2017 Paul Muolo Last year, SoFi received approval to become a Fannie Mae seller/servicer.Read More
Short Takes: Lending to Real Estate Agents? / An Industrial Bank Charter / SoFi’s Purchase of Zenbanx / Apps Rise / C&C Moves Into Reno June 14, 2017 Paul Muolo And a business plan is born: lending money to real estate agents... Read More
Trump-Mandated Report on Regulatory Reform has Treasury Blaming Dodd-Frank for Tight Mortgage Credit June 13, 2017 Paul Muolo The Treasury Department says it’s possible that originations are being stifled by caps on points and fees charged to borrowers.Read More
Reverse Mortgage Lending on the Rise Again, but… June 13, 2017 George Brooks American Advisors Group continued to dominate the HECM market, funding $691.0 million of reverse mortgages…Read More
No Mortgage/GSE Reform This Year, Maybe No Bill Either June 13, 2017 Paul Muolo Last month, Federal Housing Finance Agency Director Mel Watt said he’s prepared to allow Fannie and Freddie to build some type of capital buffer to avoid a Treasury draw…Read More
Want to Fund Non-QM Loans? Try Contacting Real Estate Agents June 13, 2017 Brandon Ivey Homebuilders can also help source non-QM borrowers.Read More
Short Takes: Why Treasury Dislikes the CFPB (More) / CID Abuses Alleged / Democrats Strike Back / Fannie Mae About to Lose its General Counsel / A New Hire for Opes June 13, 2017 Paul Muolo Looks like Fannie Mae's general counsel is headed to the U.S. Treasury...Read More
Avoid Economic Disruptions When Pondering FHA Changes, Says MBA June 11, 2017 George Brooks HUD secretary Ben Carson could implement changes through mortgagee letters to shrink FHA’s role…Read More
Short Takes: Quicken Still Hiring, Especially in Tech / A Large NPL Sale for Fannie Mae / CALCAP’s Milestone / Colony Buys More SFR Units / Correction June 11, 2017 Paul Muolo The broker price opinions on the Fannie Mae NPL pools ranged from 81.03 percent to 88.02 percent…Read More
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