U.S. Bancorp Grows Residential Production by Almost 10 Percent October 18, 2017 Paul Muolo Compared to the same period a year ago, residential loan production declined by 19.6 percent...Read More
Short Takes: The Little Guy Gets a G-Fee Break / A Coming Spike in G-Fees? / More Financial Maneuvers by Radian / A Hot Streak for Non-Agency Prime MBS / A Stock Market Crash Warning from Treasury Secretary Mnuchin October 18, 2017 Brandon Ivey and Paul Muolo Might this suggest that g-fees charges could spike next year when zero hour comes?Read More
Ocwen Settles With Arkansas, DC, Tennessee; Hatchet Now Buried With 20 Jurisdictions October 17, 2017 Thomas Ressler Investors are still waiting for Ocwen’s biggest outstanding dispute – the one with the CFPB – to be settled, one way or the other.Read More
CFPB Eyeballing New Disclosures for Reverse Mortgages? October 17, 2017 Thomas Ressler In recent months, the consumer bureau has expressed concerns about the risks associated with reverse mortgages. Read More
Short Takes: More Trouble for SoFi & Fintech? / So, Maybe CFPB’s Cordray Won’t Run / Goldman Agrees to Buy Fix-and-Flip Lender / Housing Assistance Council Hires former HUD, USDA Official to Lead the Organization October 17, 2017 Paul Muolo With fall-out spreading from the turmoil at Social Finance, investors might be thinking twice about so-called “fintech” firms... Read More
Institutional Investors Reduce Positions in PHH. Meaning? October 17, 2017 Paul Muolo The disclosures aren’t entirely surprising given that PHH recently wrapped up a generous buyback offer…Read More
Stearns Lending Reveals it Has a Mortgage Joint Venture with SoFi October 16, 2017 Paul Muolo Stearns, however, doesn’t service any mortgages for SoFi…Read More
CFPB Enforcement Chief Anthony Alexis to Depart October 16, 2017 Thomas Ressler Before joining the bureau in 2012, Alexis was a complex litigation and white collar partner at the Mayer Brown law firm in Washington, DC…Read More
MIAC Sets Auction for Fannie Mae MSR Portfolio October 16, 2017 Paul Muolo The seller of the MSR package focuses on the California market...Read More
Citadel Receives Ratings from Morningstar; Look for a Nonprime MBS in January October 16, 2017 Brandon Ivey Morningstar said the company’s underwriting process, quality control and compliance functions were factors in the rankings… Read More
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