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Community Banks Seek Fair Access in Talks of Secondary Market Reform During House Subcommittee Hearing

October 26, 2017
Community bankers want to make sure they have access to the secondary mortgage market – including the ability to retain servicing rights – when the dust settles from housing-finance reform. The Independent Community Bankers of America and National Association of Federally Insured Credit Unions were among those that testified at a House Financial Services Subcommittee on Housing and Insurance hearing this week. Representing ICBA, Sam Vallandingham, president and CEO of ...
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CoreLogic Lands HUD Contract for FHA Work

October 25, 2017
George Brooks
CoreLogic also will provide fair-market list prices to HUD…
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Originations Continued to Exceed Expectations in 3Q17. The Final Tally: $495 Billion

October 25, 2017
John Bancroft
Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found…
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Mortgage Complaints Filed with the CFPB Fell Yet Again

October 24, 2017
Thomas Ressler
Mortgage servicing-related gripes fell 26.3 percent in the third quarter…
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Large Banks Show Tepid Interest in GSE Servicing Market

October 24, 2017
John Bancroft
The megabanks shed a combined $48.75 billion of GSE servicing during the third quarter…
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Flagstar Increased Residential Production by 4.5 Percent in 3Q17

October 24, 2017
Paul Muolo
Flagstar’s origination business was aided, in part, by its acquisition earlier this year of Opes Advisors...
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Nonbanks Mostly on the Sidelines in the HEL Market

October 24, 2017
Paul Muolo
It was thought that Quicken Loans, the nation’s largest nonbank funder, might follow loanDepot’s lead and enter the arena, but so far no...
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Walter Unveils Plan for ‘Prepackaged’ Chapter 11 Bankruptcy

October 23, 2017
Paul Muolo
Although Walter will file for bankruptcy, Ditech Financial LLC and Reverse Mortgage Solutions will not...
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Nonbanks Mostly on Sidelines of HEL Market

October 20, 2017
A little over two years ago, nonbank mortgage giant loanDepot unveiled a second-lien lending program, paving the way for some of its peers to enter the space. But so far, few have stuck their toe in the water. Moreover, it doesn’t seem as though loanDepot is exactly lighting the world on fire with the product, but that could change in the quarters ahead, especially if rates rise and consumers opt to tap equity by taking out a second. loanDepot declined to talk about its program and ...
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Big Banks Report Decent Production Figures for Third Quarter

October 20, 2017
Paul Muolo
For the nonbanks, the bellwethers to watch will be Quicken Loans, Freedom, loanDepot and United Wholesale…
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