SFIG Releases More Standards to Promote Non-Agency RMBS November 13, 2014 Thomas Ressler The new documentation was released in conjunction with a non-agency RMBS reform symposium held in New York by SFIG and Information Management Network.Read More
Wells Fargo Seeks Settlement With DOJ Over FHA Allegations November 13, 2014 George Brooks Wells Fargo estimates that a settlement could cost the bank at least $950 million.Read More
3Q Final: Private MIs Saw Huge Gain in Market Share as FHA Fell Behind November 13, 2014 John Bancroft In fact, it was the highest quarterly volume in new flow business for the MI sector since the second quarter of 2008. Read More
Short Takes: Subprime Vet Jon Daurio Back in Biz? / Don’t Get Drunk on the Lawsky ‘News’ / Can the GOP ‘Fix’ the CFPB? / Nationstar Disappoints Some / Gateway Hires BB&T Mortgage Official November 12, 2014 Paul Muolo Will former Long Beach Mortgage executive Jon Daurio finally launch a new nonprime venture?Read More
Mortgage Brokers Nervous About Provident Cutting Back on Table Funding November 12, 2014 Paul Muolo To date, Provident Funding has declined to clarify the situation.Read More
Moody’s Forecasts ‘Stable’ HFA Outlook for Second Consecutive Year November 12, 2014 Charles Wisniowski HFA portfolio performance continues to strengthen, which will bolster future interest income.Read More
Two Harbors the Latest to Unveil a Non-Prime Mortgage November 12, 2014 Brandon Ivey “It has been clear to us for some time that the market has a need for products like this," said Two Harbors executive William Roth.Read More
Lenders Express Deep Concerns About Additional Reporting Under HMDA November 11, 2014 Thomas Ressler Lenders are fearful the HMDA proposal does not adequately ensure consumer privacy and that additional costs will be passed onto borrowers.Read More
Short Takes: HUD and DOJ Trouble for PrimeLending? / Such Legal Matters are Unpredictable / The Lawsky Effect: Nice Gain for Ocwen’s Stock / Good Riddance? / Thanks for the Stock, But… November 11, 2014 Paul Muolo Are investors in Ocwen jumping for joy now that word is out that NYDFS chief Benjamin Lawsky might be leaving next year?Read More
NYDFS on the Lawsky ‘Leaving’ Rumors: He Loves His Job November 11, 2014 Paul Muolo Stock analysts have claimed that Lawsky has been aggressively investigating Ocwen so he can make headlines, paving the way for an eventual run for public office. Read More