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GSEs Securitized Fewer Private MI Loans in 1Q16 as Purchase Market Slowed

April 14, 2016
John Bancroft
Private mortgage insurance firms adjusted their pricing in early 2016…
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Real Estate Agents Prefer Online Platforms Over Lender Sites for Homebuyer Leads

April 14, 2016
Real estate agents find realty websites more useful in generating homebuyer leads than websites operated by mortgage lenders, according to the results of a new survey conducted by Campbell Surveys and sponsored by Inside Mortgage Finance. “Real estate information available online is causing a fundamental shift in lead sources for homebuyer agents,” said Tom Popik, research director for Campbell Surveys. “Real estate agents prefer online home-buying platforms over mortgage lenders for homebuyer leads.” An agent’s “sphere of influence/personal reputation” remains...
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Interest-Only (Non-QM) Residential Production on the Rise in 2015

April 12, 2016
Brandon Ivey
Four of the five largest IO lenders in the group are commercial banks…
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Much at Stake for Industry in PHH Legal Challenge; Is the CFPB ‘Constitutional’?

April 12, 2016
Thomas Ressler
Another disturbing wrinkle was CFPB Director Richard Cordray rejecting an administrative law judge’s proposed penalty of $6.4 million against PHH and instead jacking it up to $109.2 million...
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LenderLive Quits the Due Diligence Business

April 12, 2016
Paul Muolo
Seehausen stressed that due diligence reviews never became a big part of the company’s product offerings...
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Lending Home Claims to be the Largest ‘Marketplace’ Lender in Mortgages

April 11, 2016
Brandon Ivey
Marketplace lenders connect borrowers with institutional and individual investors while eschewing traditional warehouse lines of credit...
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Fifth Third’s HELOC Deal: a 1.99 Percent Start Rate; High FICOs Though

April 11, 2016
Brandon Ivey
The bank offers HELOC line amounts up to $500,000 and a maximum loan-to-value ratio of 70.0 percent.
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Merrill Lynch Tells PHH to Take a Hike on Private-Label Contracts; Stock Clobbered

April 11, 2016
Paul Muolo
PHH isn't saying much on the touchy subject of Merrill Lynch at this time...
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New Study: Realtors Like the ‘Call Center’ Lending Model

April 8, 2016
Brandon Ivey
Of course, Quicken isn't the only lender that uses call centers to produce retail loans...
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Blackstone May Take its SFR Platform, Invitation Homes, Public

April 8, 2016
Paul Muolo
Blackstone’s SFR unit, Invitation Homes, appears to be the market leader with 50,000 rental units nationwide.
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