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Navy Federal Sees Application Growth in ‘No-Downpayment’ Product

March 28, 2013
Paul Muolo
Is Navy Federal's no-downpayment product safe? It believes so, and is quite happy with the delinquency experience on the loan but won't provide specifics.
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Short Takes: Genworth Moves Closer to Delinking MI Unit / The Hottest Real Estate Markets, According to Veros / Wells Fargo Loses a Regional Production Rep / The Fastest Growing Servicers are Franklin American and Quicken

March 28, 2013
George Brooks and Paul Muolo
Genworth moves closer to delinking from its mortgage insurance unit. Meanwhile, Wells Fargo has suffered the loss of a well-regarded regional rep.
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FHA Coverage Spikes in January, Wells and Quicken Lead the Pack

March 27, 2013
George Brooks
Try as they might, the government cannot keep a good MI program down. FHA endorsements rose almost 19 percent in January.
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Credit Unions Want Relief from CFPB Rules

March 27, 2013
Thomas Ressler
The credit union industry has appealed to the U.S. Senate for relief on rules and regulations coming out of the CFPB.
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Armed with $500 Million in Cash, Sterling Now Actively Bidding on MSRs

March 27, 2013
Paul Muolo
Sterling Partners of Chicago is one of many private equity firms eying servicing rights as an investment. But so far, it has yet to win any bids.
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Servicers Will Solicit Candidates Under New FHFA/GSE Modification Initiative

March 27, 2013
Paul Muolo
Severely delinquent Fannie Mae/Freddie Mac borrowers may get a shot at a streamlined refi under a new program unveiled Wednesday.
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Short Takes: MBA Hikes Origination Forecast, Applications Rise / Rep. Waters Applauds Move to Ban Incentive Payments on Force-Placed / Appraisal Complaints Continue / EverBank is How Large in Warehouse Lending?

March 27, 2013
Paul Muolo
Residential loan production for 2013 may turn out to be better than originally projected, thanks to a vastly improved purchase-money business.
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Short Takes: Are Loan Standards Really Loosening? / Two Harbors Looking Frothy? / Oil, Gas, and Servicing / Senate Banking Committee Chairman Retiring? / The Never Dying Story: Force-Placed Insurance

March 26, 2013
George Brooks, Paul Muolo, and Thomas Ressler
Urban legend: mortgage lenders are beginning to loosen loan standards. Well, maybe only for "rich" clients.
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Feds Scramble to Fulfill Dodd-Frank, Despite Hiring Binge

March 26, 2013
Thomas Ressler
In spite of the influx of new human resource assets, banking regulators have a mixed effectiveness when it comes to compliance with their own Dodd-Frank obligations.
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IG Expected to Issue Results of Two CFPB Audits by Month’s End

March 25, 2013
Thomas Ressler
Even though the Consumer Financial Protection Bureau is an independent agency, that doesn't mean it gets a pass on IG audits.
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