Complaints Filed with the CFPB Fell by Double Digits in 3Q18 October 17, 2018 Yemeng Yang The three major credit reporting bureaus – Experian, Equifax and TransUnion – continued to rank first, second and third, respectively, in the number of complaints filed…Read More
Ginnie Mae Terminates 360 Mortgage Group from Program October 17, 2018 Paul Muolo As IMFnews went to press, multiple telephone messages and emails to 360 Mortgage had not been returned.Read More
A Slight Gain in Originations for U.S. Bank in 3Q18 October 17, 2018 Paul Muolo Loan production increased at U.S. Bank but mortgage revenue declined…Read More
Short Takes: What Will Ben Carson Cut? / GSE DTI Ratios Too High? / A Woman May Head the FHFA / Nomura Settles with DOJ / Strong Earnings from MGIC / Needed: Some CFPB Guidance October 17, 2018 Paul Muolo, Brandon Ivey, and Yemeng Yang Budget cuts coming to HUD?Read More
MBA Panelists Express Grave Concerns about the Current Profit Picture October 16, 2018 Paul Muolo Ken Logan, managing director of warehouse finance for Wells Fargo Bank, noted that nonbanks need to know “not having cash matters.”Read More
Mulvaney Tells MBA: CFPB to Define ‘Abusive’ Under UDAAP; Regulation by Enforcement is Over October 16, 2018 Yemeng Yang CFPB chief Mick Mulvaney declared the regulation-by-enforcement approach done...Read More
MBS ‘Godfather’ Ranieri Agrees to Sell Servicing Company Selene October 16, 2018 Paul Muolo “It’s time to go,” said Ranieri...Read More
Short Takes: Trump’s Point Man on GSE Reform: Yank Fannie and Freddie’s Charters / New 52-Week Lows / Ginnie Issuer Gets its Ticket Pulled / Uncle Sam is Spending Too Much Money (Again) / A Name Change for Ocwen? October 16, 2018 Paul Muolo Meanwhile, there was chatter at the MBA convention that Ginnie Mae had just yanked the ticket of one of its MBS issuers.Read More
Incenter, Phoenix Capital Out with New MSR Auction Notices October 14, 2018 Paul Muolo IMA described the selling originator as an “independent mortgage banker with strong net worth... Read More
Short Takes: GSE Pilot Hearing Postponed / An Opportunity to Gather Intelligence? / Freddie's Qualification Tool for Self-Employed Borrowers / GSE Duty-to-Serve Updates / New Hires for ComplianceEase, Element Funding October 14, 2018 Paul Muolo and Carisa Chappell The Senate Banking Committee's review of GSE pilot programs will have to wait...Read More
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