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Originations
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‘Scratch & Dent’ Market for TRID Loans Continues Apace; Agency Decides to Host a Webinar

March 16, 2016
Paul Muolo and Thomas Ressler
Some lenders report they have totally adjusted to the new TRID disclosures, while others continue to be plagued by errors and delays.
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Banks Pushed Redwood Trust Out of GSE Lending

March 16, 2016
Brandon Ivey
Redwood said its conforming operations generated a negative return of 22.0 percent in 2015.
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DOJ Issues a Reminder: It Will Continue to Use the FCA to Pursue FHA Wrongdoers

March 16, 2016
Paul Muolo
FHA consultant Brian Chappelle of Potomac Partners told IMFnews, “I give FHA credit for trying to solve a problem it didn’t create but the DOJ is the elephant in the room.”
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Short Takes: Why Won’t the CFPB Answer the Industry’s Questions? / Competition for W.J. Bradley Talent? / Cherry Hill REIT Buys MSRs / Clear Capital Affirmed / Executive Bolts Stonegate for FGMC

March 16, 2016
Brandon Ivey, Paul Muolo, and Thomas Ressler
A day after the news broke that W.J. Bradley Mortgage has shut its doors, competition is heating up for some of its top loan officer and executive talent...
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JPM To Issue Unique $1.89 Billion MBS, Containing Conforming, Jumbos, Risk Retention

March 15, 2016
Brandon Ivey
The mortgages have seasoned for an average of 14 months and have pre-TRID application dates.
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With Loan Volumes Sinking, W.J. Bradley Decides to Close its Doors

March 15, 2016
Paul Muolo
One observer had this to say about the firm closing: "They literally shut their doors ... no vacation time pay either..."
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Hedge Funds Dump Nonbank Mortgage Shares, PHH and Ocwen In Particular

March 15, 2016
Paul Muolo
An investor in Ocwen, for instance, that bought into the stock two years ago at $60 a share is now facing a loss of 96 percent.
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Executive of GSE ‘Shareholder Rights Group’ Sues, Seeking Access to Fannie/Freddie Corporate Records

March 15, 2016
Carisa Chappell
Tim Pagliara, executive director of Investors Unite, is the lone plaintiff in this case...
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Short Takes: Do the GSEs and Ginnie Know About WJB? / 500 Employees / The WJB-RPM LO Case / Angel Oak Rolls Out New Product / EverBank Sells Debt

March 15, 2016
Paul Muolo
At last check, W.J. Bradley employed roughly 500 workers...
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HUD Codifies Final Loan-Level Certification Rule

March 15, 2016
George Brooks
But does this mean the HUD Inspector General and Department of Justice will ease up on suing lenders?
Read More
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