Short Takes: W.J. Bradley Workers Wind Up At… / Who Owned WJB? / Not Only TRID / New Residential Readies MBS March 23, 2016 Paul Muolo and Brandon Ivey Meanwhile, we’re told that WJB’s woes can be traced to more than just TRID errors…Read More
Former Obama Officials and MBS Co-Inventor: Merge Fannie and Freddie March 23, 2016 Paul Muolo Merge Fannie and Freddie into one? Crazier things have been suggested...Read More
Fannie Mae and Freddie Mac Dominate – by Far – in Condo Financing March 23, 2016 Brandon Ivey The average loan amount on GSE condo mortgages in 2015 was $214,431.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
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
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
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
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 Paul Muolo and Brandon Ivey What does a depository do if it has a mortgage with a TRID error?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
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
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