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Short Takes: Nice Gains for GSE Shares / Sen. Bob Corker’s ‘Short’ Recommendation / Corker for FHFA Director? / Keep an Eye on GSE MF / Former Ellie Mae COO Lands at Blue Sage

September 28, 2017
Carisa Chappell and Paul Muolo
Keep in mind that Mel Watt’s term as Federal Housing Finance Agency director expires in January 2019...
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Subservicing Contracts Continue to Grow; Cenlar and Dovenmuehle Dominant Once Again

September 27, 2017
Paul Muolo
Subservicers handle 19.0 percent of all homes mortgages in the U.S., Inside Mortgage Finance found…
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BKFS: 100,000 FHA Loans In Puerto Rico Could be at Risk

September 27, 2017
Paul Muolo
Overall, there are 500,000 mortgage properties on the island, according to Black Knight…
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In New ‘Strategic’ Report FHFA Punts on Zero Capital Issue

September 27, 2017
Paul Muolo
So far, speculation regarding a change in the GSE dividend payment has been dead wrong, but there’s still time...
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Short Takes: Trade Groups Take Aim at HUD IG Report on Nonbanks / A Pejorative Phrase for Lenders? / CFPB’s Cordray Continues to Master the Phrase ‘No Comment’ / A Gain for PRMG

September 27, 2017
Paul Muolo and Thomas Ressler
In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…
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Short Takes: Hurricane-Damaged MSR Deals? / FHA MF and Warehouse Lender Files to go Public / MBA Hires a Legend (Named Legend) / Nationstar Issues HECM Backed by ‘Inactive’ Collateral / Don’t Pass the Hat for Equifax’s Newly Departed CEO

September 26, 2017
Brandon Ivey and Paul Muolo
The Mortgage Bankers Association is projecting that more than 4,600 residential finance professionals will attend its annual convention in Denver next month.
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The Game Continues: CFPB’s Cordray Sounds Like a Politician to Some, but Others Doubt He Will Run

September 25, 2017
Thomas Ressler
To some, CFPB Director Richard Cordray does not sound like a candidate…
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GSE Seller Buybacks Edged Higher in 2Q17, but YOY…

September 25, 2017
John Bancroft
All of the uptick in seller buybacks came from Fannie, where repurchases surged 21.5 percent from the first to the second quarter.
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Another Ginnie Mae MSR Package Hits the Market

September 25, 2017
Paul Muolo
Roughly 82 percent of the VA-backed mortgages are interest rate reduction refinance loans or IRRRLs.
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Examiners Continue to Find Mortgage Servicing Failures

September 25, 2017
An undisclosed number of mortgage servicers continue to drop the compliance ball, according to the latest supervisory highlights report from the CFPB, issued last week. “In recent exams, examiners found that one or more servicers received incomplete loss mitigation applications and pre-approved borrowers for short-term payment forbearance programs based on those applications,” the report noted. “However, the servicer(s) did not notify borrowers of their right to complete the application and did not separately request other information needed to evaluate for all the other loss mitigation options offered by the owner or assignee of the loan.” Also, as the modification program neared its end, and before the short-term payment forbearance period concluded, the servicer(s) failed to reach out to affected borrowers ...
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