FTC Warns that Hackers are Directing Borrowers to Wire Closing Funds to Scam Bank Accounts March 22, 2016 Brandon Ivey “Many sophisticated parties have been duped,” said NAR.Read More
Was W.J. Bradley Mortgage Looking to Buy – or to Sell? March 22, 2016 Paul Muolo This advisor noted that WJB was looking to raise debt, but was also open to a sale.Read More
Court Ruling: Mortgage Loan Underwriters Lose Overtime Appeal March 22, 2016 George Brooks The Fair Labor Standards Act spells out the basis for an administrative exemption from overtime pay.Read More
Are the GSEs Doing Enough to Support Manufactured Housing? March 22, 2016 Carisa Chappell One commenter said the GSEs should be required to purchase chattel loans that are “prudently underwritten with appropriate consumer protections.” Read More
Short Takes: W.J. Bradley Vendor Owed Money / The TRID Error Options Are… / loanDepot Teams Up with Avant / Loan Mods Slow / Primary Capital Hires SVP March 22, 2016 Brandon Ivey and Paul Muolo What does a depository do if it has a mortgage with a TRID error?Read More
GSE Seller Buybacks Fall to Record Low in Late 2015 March 21, 2016 John Bancroft The improved R&W framework has been a big plus for GSE sellers...Read More
Due Diligence Firms Draft Proposal with Standardized Approach to Grading Mortgages Subject to TRID March 21, 2016 Brandon Ivey SFIG noted that the proposal won’t supplant the group’s efforts to pursue a resolution from the CFPB to uncertainty related to TRID exceptions.Read More
$6.19 Billion of GSE Servicing Rights Hit the Auction Block March 21, 2016 Paul Muolo With rates rising of late, MSR pricing should firm up...Read More
Spring is Here – and Mortgage Loan Officers are in Demand March 21, 2016 Paul Muolo With commercial banks continuing to pare back their role in the mortgage market, nonbanks are aggressively hiring top performers.Read More
Short Takes: Existing Home Sales – Blame it on the Blizzard and More / Lean Inventories a Problem / A Job Offer Almost Every Day / SoFi: So Little Information on its Loan Volumes / Second Liens Rising March 21, 2016 Paul Muolo The mortgage chiefs at “marketplace” lender SoFi were at the recent ABS Vegas show talking up their business with other lenders...Read More
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