What We’re Hearing: America, a Good Mortgage Customer? / Higher Rates, but How Much Higher? / Mortgage Bulls / Three Former Clayton Executives Launch Due Diligence Firm / Santander’s Warehouse Chief Departs / Mel Watt’s Successor Might… February 9, 2018 Paul Muolo The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...Read More
Ginnie Mae Lays Down Law on VA Churning, Warns Select Group of Issuers They Face Banishment February 8, 2018 Paul Muolo Issuers cited by Ginnie Mae are expected to deliver a corrective action plan...Read More
Freedom Mortgage Buys $25 Billion of Servicing Rights from Stearns Lending February 8, 2018 Paul Muolo In the summer of 2015, The Blackstone Group bought a controlling interest in Stearns.Read More
Lenders May be Singing the Blues Because of Rising Rates, But Firms Looking to Sell Servicing Rights are Sitting Pretty February 8, 2018 Thanks to rising interest rates in the second half of 2017, sales of mortgage servicing rights boomed last year and, the way things stand today, 2018 could bring more of the same.Read More
Mortgage Servicers Worry about Bankruptcy Provisions in CFPB Rule February 7, 2018 Thomas Ressler As of April 2018, mortgage servicers will have to send monthly billing statements to consumers in active bankruptcy cases…Read More
MBA Chairman Motley Hopeful that HUD Will Act Soon on FHA Clarifications February 7, 2018 Paul Muolo The trade group chief said uncertainty still exists around FHA loan level certifications…Read More
Mortgage Profits at Depositories Tumbled 29 Percent in 2017 February 6, 2018 John Bancroft Many lenders cited increased competition in a declining market for the weaker results…Read More
Chairman of House Financial Services Subcommittee Pondering GSE Reform February 6, 2018 Paul Muolo and Carisa Chappell MBA’s Dave Stevens worries about what might happen to the mortgage market under a Trump-appointed FHFA director…Read More
TIAA Preps Jumbo MBS with Loans Originated by Unit Formerly Known as EverBank February 6, 2018 Brandon Ivey In recent years, only two other banks have issued jumbo MBS: JPMorgan Chase and Flagstar...Read More
Short Takes: What Stock Market Correction? / Bond Prices? / Fretting Over Fannie-Freddie Common / The GSE Message from Jeb and Steve / BlackRock Likes Genworth / New Penn Gets a New President / FSR Chief Pawlenty Departs February 6, 2018 Paul Muolo and Carisa Chappell The price of Fannie Mae and Freddie Mac common is getting smacked around...Read More
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