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Research Paper Revisits Post-2008 Legislative Efforts, Suggests Banks Delayed Foreclosures to Influence Dodd-Frank Outcome

December 14, 2017
Banks servicing delinquent mortgages in 2009-2010 allegedly delayed foreclosure starts in the districts of then-members of the House Financial Services Committee in order to influence legislative action on the Dodd-Frank Act, according to a working paper published by the Ohio State University.
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Stop the Presses: A GSE Bill Passes the House Financial Services Committee but…

December 14, 2017
Carisa Chappell
The panel approved the bill on a partisan vote of 33 to 27. It was one of 13 bills advanced by the panel…
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Short Takes: Keeping Tabs on GSE Dividends / The GOP Tax Plan and DTAs / Good News for ‘Conforming’ Jumbos? / LendingTree Getting Frothy? / First Republic Bank Stands Out in Second Liens

December 14, 2017
Brandon Ivey and Paul Muolo
The share price of online loan broker LendingTree is looking a bit pricey these days at $337.80 a unit...
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In 3Q17, Subservicing Gains Once Again – with Nice Increases For Nationstar and PHH; Trouble for Ocwen and Ditech?

December 14, 2017
The nation’s subservicing vendors grew their base of contracts by 6.2 percent from the second to third quarter and 20.1 percent year-over-year, according to data compiled by Inside Mortgage Finance.
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REITs Buying Home Lenders – A Trend in the Making?

December 14, 2017
Paul Muolo
The acquisition, once consummated, will put New Residential in the business of originating loans directly to consumers. It also could have CFPB implications…
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MBA Chief Dave Stevens: The GSE Capital Buffer is a Distraction

December 14, 2017
Paul Muolo
The CHLA repeated its plea that FHFA Director Mel Watt withhold GSE dividend payments to Treasury and allow Fannie and Freddie to build capital…
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A Slow Fourth Quarter for Servicing Sales, but 1Q18 Could be a Barn-Burner

December 13, 2017
Paul Muolo
Another contributing factor to slower sales: Concerns about how the pending GOP tax bill might hammer the asset value of servicing rights...
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Jumbo MSR Market Increases, Wells Fargo Continues Dominance

December 13, 2017
Brandon Ivey
Moody’s noted that mortgages acquired by Chase’s jumbo conduit have performed exceptionally well…
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Nonprime Lender Citadel Hopes to Hire 150 Over the Coming 12 Months

December 13, 2017
Paul Muolo
Citadel CEO Dan Perl: “We’re on a hiring spree.”
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Short Takes: GSE Dividend Payments: All Systems Go? / Cutting GSE Shareholders out of the Equation? / Wintrust Buying Mortgage Assets from VA Lender / UWM and MC Strike Deal / Chase Exec Bolts for Hamilton

December 13, 2017
Paul Muolo
In a new blog posting, Investors Unite asks the basic question: “Are Fannie’s and Freddie’s foes driving GSE reform?”
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Latest Imf News

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