FHFA Decision on G-Fees Could Roll Into April February 4, 2015 Paul Muolo G-fees range from 50 to 55 basis points. Prior to the housing bust, some seller/servicers had g-fee payments as low as 12 basis points.Read More
Short Takes: Points-and-Fees Relief on The Way? / HUD Under the Microscope on Capitol Hill / S&P Says ‘Never Mind’ on That Retaliation Thing / MSR Financing Getting Hot? February 4, 2015 George Brooks, Brandon Ivey, Paul Muolo, and Thomas Ressler The Mortgage Choice Act was passed by the GOP-held House in June, but failed to move through the Democrat-controlled Senate. Read More
Correspondent Investor Titan Moves Into Scratch-and-Dent Market February 3, 2015 George Brooks Ruth Lee, executive vice president of TCS, expects a big year in the scratch-and-dent market, thanks to the GSEs. Read More
WinWater Aggregates Loans From Nearly 60 Lenders for First Jumbo Deal of 2015 February 3, 2015 Brandon Ivey Prospect Mortgage is the top contributor with a 9.1 percent share, followed by Ditech Mortgage (8.6 percent) and Skyline Financial (7.1 percent). All three are nonbanks. Read More
CMBS Issuance Falls Just Short of Post-Crash High Thanks to 4Q Stumble February 3, 2015 John Bancroft Roughly $164.77 billion of securities backed by commercial mortgages were issued last year, down just 0.6 percent from 2013, which was a banner year.Read More
Interthinx: CFPB’s ATR Rule Has Helped Reduce Mortgage Fraud February 3, 2015 Brandon Ivey The firm noted that employment and income fraud peaked in the fourth quarter of 2013 and has declined ever since.Read More
On a ‘Per Loan’ Basis, Bank LOs Earn Less, or So It Seems… February 3, 2015 Paul Muolo In some cases, loan officers who work for net branch operators can earn 225 to 250 bps per deal.Read More
HUD Re-proposes Controversial Administrative Support Fee February 3, 2015 George Brooks Last year, the mortgage industry cautioned HUD against assessing a fee to fund certain risk management improvements in the FHA program.Read More
Short Takes: WinWater Readies a New Jumbo Deal / How Would Uncle Sam Replace $153 Billion in GSE Income? / S&P Settles Without Admitting Guilt / New Correspondent Hires for LenderLive February 3, 2015 George Brooks, Brandon Ivey, and Paul Muolo Any monkeying with the GSE charters must get past two of the most powerful lobbying groups in all of housing finance...Read More
Forms, eSignatures Drive Growth at DocMagic February 3, 2015 Paul Muolo DocMagic would like to double its nationwide sales staff to 20 by the time 2015 ends.Read More
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