Fannie/Freddie Business with Private MI Fell in 4Q; A Shift to FHA/VA? January 14, 2016 John Bancroft However, for all of 2015, private MI volume in Fannie/Freddie MBS was up 25.2 percent from 2014...Read More
‘Risk Fee’ or No Fee: Different Approaches for Fannie and Freddie January 13, 2016 Carisa Chappell In the past, some lenders have complained about forced buybacks because of loan defects even when a mortgage is current.Read More
MountainView, IMA Out With New MSR Deals January 13, 2016 Paul Muolo The $3.02 billion of Ginnie Mae rights that IMA is selling are presently being subserviced by LoanCare Servicing, Virginia Beach, VA.Read More
Short Takes: We Don’t Need No Stinkin’ FICO Scores / Will TRID Hurt Earnings? / TRID was a ‘Blip’ on the Radar at RPM / More NPL Sales by Fannie / Stonegate Exec Departs for Ditech January 13, 2016 Paul Muolo Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."Read More
Short Takes: FHFA to Industry: Thanks for Your 400 Comments, but No / Mortgage REITs are Not Happy / IMA Selling $3B in Ginnie MSRs / Schneider’s Salary Revealed / Executive Leaves Altisource for Altavera January 12, 2016 Paul Muolo In other words, the regulation to ban captives from entering the system moved forward despite overwhelming industry opposition… Read More
Nonbank Share of GSE Business Approaching the 50 Percent Mark January 12, 2016 John Bancroft Quicken Loans, ranked second overall in GSE loan deliveries last year, growing its business by 32.2 percent…Read More
In a Fading 4Q Market, Lenders Lean More on Correspondent and Wholesale Channels January 11, 2016 John Bancroft While nonbank residential lenders lean a little more on TPO channels, banks are still the driving force in the correspondent market… Read More
FHFA IG: Agency Did Not Comply With Underwriting Review January 11, 2016 Carisa Chappell As a result, the FHFA IG has reopened its recommendation from a previous audit report...Read More
Short Takes: TRID is Costing Consumers Too. Here’s How… / Midcap Banks Stressed Out? / loanDepot Flies the ‘Marketplace Lender’ Flag / More MSR Deals from IMA / ORM Chief Resigns January 11, 2016 Paul Muolo In a new press release touting its 2015 results, the privately held loanDepot LLC refers to itself on a few occasions as a “marketplace” lender...Read More
A Solid Year for MBS/ABS Issuance, Though Volume Faded at Yearend; A New Record for Ginnie Mae January 8, 2016 John Bancroft Residential lenders issued a record $435.8 billion of Ginnie Mae securities in 2015, according to Inside MBS & ABS, a handsome 47 percent increase from the prior year.Read More
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