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VA Considering Stronger Measures to Stop Early Solicitation of Purchase Loans for Refis

March 23, 2017
George Brooks
There have been scattered reports that some lenders and brokers are still chasing quick-turn refis aided by secondary market investors offering to buy and securitize those loans.
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Nationstar Mortgage EVP and CFO Robert Stiles Departs

March 23, 2017
Paul Muolo
In early March, Stiles filed notice to sell 11,931 shares of Nationstar common at a price of $18.40 a share or $219,530.
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A Change in the GSE PSPAs Coming Soon? Don’t Bet on It…

March 23, 2017
Paul Muolo
Waiting for a change in the GSE PSPAs is like waiting for Godot...
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PHH Counsel Theodore Olson Lays Out Steps to Make the CFPB ‘Constitutional’

March 22, 2017
Thomas Ressler
For the CFPB to pass the constitutionality test, its director needs to be removable by the president of the United States...
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HECM Production Stumbles a Bit in 2016

March 22, 2017
George Brooks
Among the top 10 originators in 2016, Reverse Mortgage Solutions posted the largest annual decline at 64.5 percent. RMS is owned by Walter Investment…
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Finance of America Commercial Makes Big Push Into Broker Market with ‘Fix & Flip’ Lending

March 22, 2017
Paul Muolo
CEO Mark Filler said FoAC is now offering fix-and-flip loans as cheaply as 6.99 percent…
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Wall Streeter Phillips to Play ‘Critical’ Role at Treasury on GSE Reform; GSE ‘Principles’ Coming Soon from Trump?

March 22, 2017
Paul Muolo
Calabria joined the Trump administration from the conservative Cato Institute and is no fan of the GSEs...
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Short Takes: Reading the Mortgage Tea Leaves for 1Q17 / When in Doubt, Go Non-QM / Impac by the Numbers / Applications Fall, Existing Homes Sales Drop as Well

March 22, 2017
Brandon Ivey and Paul Muolo
Don’t look now but the yield on the benchmark 10-year Treasury is now down to 2.40 percent. And just in time for the spring home buying season…
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Still Rising: Retail Channel Accounts for 81.6 Percent of Jumbo Originations

March 21, 2017
Brandon Ivey
Roughly $72.09 billion of jumbo mortgages were originated in the fourth quarter, down 3.4 percent on a sequential basis.
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MBA: Net Origination Profit Plunged 68 Percent in 4Q16

March 21, 2017
Paul Muolo
MBA noted that including all business lines, 73 percent of the mortgage companies posted pre-tax profits for the fourth quarter, down from 94 percent in 3Q16…
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