Warehouse Lending Slows Somewhat; Banks Cut Pricing December 9, 2015 Paul Muolo “There is a ton of competition out there right now,” said one warehouse manager who works for a top-five firm. Read More
Government Victories in Financial Crisis Lawsuits Against Officials at State Street, Jefferies Overturned December 9, 2015 Brandon Ivey More evidence that the government has a hard time holding on to victories in subprime-related mortgage cases... Read More
Agencies Provide Updates on Mortgage Regs; In February Look for FHFA Rule on Captives and FHLB Membership December 9, 2015 Thomas Ressler Look for new FHLB membership rules from the FHFA by February 2016...Read More
Mortgage Applications Creep Up Ever So Slightly December 9, 2015 Sherry Muolo Mortgage rates are still enticing at just over 4.0 percent with half a point for conforming loans...Read More
Don Henig, National Sales Director for a loanDepot Division, Departs December 9, 2015 Paul Muolo Over the past four years, Henig has recruited hundreds of retail loan officers for Mortgage Master, which was sold to loanDepot a year ago. Read More
Short Takes: TRID Loan Delays, Yes / Nationstar Share Price Hits New Low / Mortgage Employment Not So Bad / Don’t Roll Your Student Loan into the Mortgage / Good News for MI Firms December 9, 2015 Paul Muolo The TRID rule delays loan closings by at least 11 days at this shop...Read More
SF Credit Union Rolls Out No $ Down, $2 Million Jumbo Loan; No MI Too December 8, 2015 Brandon Ivey Sky high housing costs in the Bay Area prompts one lender to roll out a $2 million jumbo loan, no money down...Read More
Fannie/Freddie Business Fell Sharply in November, Footprint Shrinking December 8, 2015 John Bancroft It's that time of the season: MBS issuance was down 30.6 percent at Fannie and off 17.4 percent at Freddie.Read More
The ‘New’ Subprime Sector: Small Loan Volumes, Big Interest From Investors December 8, 2015 Paul Muolo PE firms and hedge funds are showing a strong interest in the emerging class of subprime residential lenders...Read More
Short Takes: Mid-sized Nonbank Open to Offers? / Purchase Lending Looking Up, Way Up / A Revision to the Purchase Number / Tighter Credit is Here / SFR Firm Hires COO December 8, 2015 Paul Muolo and Sherry Muolo Time to rejoice: purchase-lending could regularly top $1 trillion a year...Read More
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