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GSE Funds Finally Flow Into Government-Mandated Affordable Housing Programs; GOP Not Happy

March 18, 2016
Paul Muolo
When the two GSEs were losing money earlier in the decade, then-Acting FHFA Director Edward DeMarco suspended the contributions before any had ever been made.
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What We’re Hearing: A Wakeup Call for the CFPB? / Tombstone Blues? / The Strange Case of W.J. Bradley / Former FHFA Chief DeMarco: Congress Should Take a Close Look at FHA and Ginnie Mae / A Big Hire for AmeriSave Mortgage

March 18, 2016
Paul Muolo
DeMarco, by the way, called on Congress to take a “thoughtful” review of the FHA program and Ginnie Mae’s role in housing finance.
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MBA: Mortgage Origination Profits Hammered in 4Q15. TRID a Key Factor

March 17, 2016
Paul Muolo
The TRID rule has cost lenders plenty in terms of not only compliance attorneys, but software and consulting fees.
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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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