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Originations
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PHH’s Share Prices Tumbles 4 Percent in Wake of $109 Million CFPB Fine

June 4, 2015
Thomas Ressler
Notice of the final order on PHH sent the nonbank’s share price tumbling four percent at one point. Regulators say the MI kickback scheme started as early as 1995.
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The Cost of Privatizing the GSEs: Higher Mortgage Rates. But How Much Higher?

June 3, 2015
Brandon Ivey
If Fannie Mae and Freddie Mac were privatized, they would likely have to increase their capital from current levels and face increased borrowing costs.
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VA to Scrutinize Loan Closing Delays, Wants to Shorten Wait Times

June 3, 2015
George Brooks
The average closing time for a VA mortgage was 41 days, a reading taken in as of March of this year. A year ago it was 39 days.
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Buyers Continue to Hunt for Mortgage Firms; Mid-Sized Lenders Red Hot?

June 3, 2015
Paul Muolo
Chuck Klein, managing director for Mortgage Banking Solutions, agrees that most of the coming M&A activity will center on small- and medium-sized shops.
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CFPB to be Sensitive to Lenders on TRID Compliance

June 3, 2015
Thomas Ressler
The reassurance on TRID was given Wednesday morning to Richard Hunt, president and CEO of the Consumer Bankers Association...
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MBA: Residential Origination Profits Almost Doubled in 1Q15

June 3, 2015
Paul Muolo
The findings were based on results supplied by 359 residential originators.
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Short Takes: FHFA Official Spills the Beans on LPMI, More / But Comments Made Behind Closed Doors / Mortgage Applications Down Modestly / Loans With MI Have Good Closing Record / A New Hire for Clayton

June 3, 2015
Paul Muolo
Not only is the FHFA scrutinizing lender-paid mortgage insurance products, but the agency might require higher capital standards...
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ATR Rule Has Done Little to Crimp Mortgage Activity by Banks

June 2, 2015
Brandon Ivey
Portfolio holdings of mortgages also have increased at a faster rate for smaller banks than larger ones.
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Streamline Refis Power VA-Backed MBS

June 2, 2015
George Brooks
California, Virginia, Texas, Florida and Washington, in sequential order, retained their VA securitization ranking from 2014.
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Two Harbors Turning Out to be a Prolific Issuer of Jumbo MBS

June 2, 2015
Brandon Ivey
Two Harbors is outpacing a fellow REIT, Redwood Trust, in terms of jumbo MBS deals with the latter putting more of an emphasis on whole loan sales.
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