Federal Appeals Court Rules Mortgage Underwriters are Entitled to OT Pay August 16, 2017 George Brooks Under this test, an employer must show that the employee is paid at least $455 per week…Read More
Mortgage Hiring Spree Tapering Off? August 16, 2017 Paul Muolo Another digital lender that’s hiring is NewFi Lending of Emeryville, CA…Read More
Fannie, Freddie Earnings Could Hit $10 Billion in 3Q17 Thanks to RBS Settlement August 16, 2017 Paul Muolo If the $10.4 billion figure proves accurate it will result in another hefty dividend payment by Fannie and Freddie to the holder of its senior preferred stock: the U.S. Treasury.Read More
For Sale by MountainView: $94 Million of NPLs/RPLs and More August 16, 2017 Paul Muolo Over the past three years MountainView has sold $3.8 billion of whole loans as measured by unpaid principal balance…Read More
Alternative Credit Scores for GSE Loans will Have to Wait for the Single-Security Project August 16, 2017 Carisa Chappell Mel Watt called the credit score explorations one of the “most difficult” evaluations he’s taken on as FHFA director.Read More
RE Crisis Post-Mortem: Home-Price Depreciation a Bigger Driver of Defaults than Unemployment August 15, 2017 Brandon Ivey S&P focused on mortgages originated between the second half of 2005 and the first half of 2008.Read More
2Q17 a Rocky Road for (Certain) Publicly Traded Nonbanks August 15, 2017 John Bancroft Most of the companies are in decent shape, but the group is weighed down by two big albatrosses – Ocwen Financial and Walter Investment…Read More
As Financial Crisis Fades, are Mortgage Servicers Poised for a New Era? August 15, 2017 Thomas Ressler Servicing costs have risen dramatically this decade, but maybe there’s light at the end of the tunnel…Read More
Guild Mortgage Hires PHH’s CIO Gabe Minton August 15, 2017 Sherry Muolo At PHH, from 2014 to 2017, Minton held the title of senior vice president and chief information officer.Read More
California Bank Cuts Mortgage Staff as Refis Decline August 14, 2017 Brandon Ivey Provident noted that overcapacity is putting pressure on origination margins…Read More