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Was W.J. Bradley’s Closure a ‘Canary in a Coal Mine’ Regarding TRID?

March 17, 2016
Paul Muolo
“The mortgage industry is in big trouble if companies shut their doors based on a missing signature. Yes, TRID does that,” said Paul Hindman, managing director of Grid Origination Services.
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Short Takes: Topic A: W.J. Bradley / A Domino Effect? / Supreme Hiring? / Do P2P Lenders Know What They’re Getting Into?

March 17, 2016
Paul Muolo
We understand that a nonbank called Supreme Lending has been hiring quite a few of WJB’s former staff.
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‘Scratch & Dent’ Market for TRID Loans Continues Apace; Agency Decides to Host a Webinar

March 16, 2016
Paul Muolo and Thomas Ressler
Some lenders report they have totally adjusted to the new TRID disclosures, while others continue to be plagued by errors and delays.
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Banks Pushed Redwood Trust Out of GSE Lending

March 16, 2016
Brandon Ivey
Redwood said its conforming operations generated a negative return of 22.0 percent in 2015.
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MountainView Offering $3 Billion-Plus of MSR Deals

March 16, 2016
Paul Muolo
The MSR sale market continues to pick up steam. Last week, IMA came to market with almost $3.70 billion of bulk mortgage servicing deals...
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JPM To Issue Unique $1.89 Billion MBS, Containing Conforming, Jumbos, Risk Retention

March 15, 2016
Brandon Ivey
The mortgages have seasoned for an average of 14 months and have pre-TRID application dates.
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Executive of GSE ‘Shareholder Rights Group’ Sues, Seeking Access to Fannie/Freddie Corporate Records

March 15, 2016
Carisa Chappell
Tim Pagliara, executive director of Investors Unite, is the lone plaintiff in this case...
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The TRID Mess Continues: Due Diligence Firms Try a Legal End Run Against a Reluctant CFPB

March 14, 2016
Paul Muolo
One executive who’s involved with the working group said the new guidance from the due diligence firms will help the rating agencies identify "material" risk...
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New Player in Servicing Sales MorVest Capital Hires National Sales Director

March 14, 2016
Paul Muolo
MorVest has represented only sellers of mortgage servicing rights, but that may change...
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Short Takes: The Moving of a Subservicing Contract / GOS on the Rise in 1Q16 / Don’t Worry About Oil Prices and Mortgage Losses / CFPB Considers Rural Definitions / Altisource Gains Two Large Bank Clients

March 14, 2016
Brandon Ivey and Paul Muolo
Good news for mortgage bankers: gain-on-sale profit margins are on the rise.
Read More
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