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Inside Mortgage Trends
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PulteGroup CEO Set to Retire After Founder/Former Chairman Threatened ‘War’

April 6, 2016
Brandon Ivey
Pulte raised concerns about the way PulteGroup is being managed, including the relocation of the company’s headquarters from Detroit to Atlanta in 2013.
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Consultant Floats Idea: Make Loan Officers Pay for Compliance Costs

April 6, 2016
Paul Muolo
The consultant has seen compliance costs rise, but without a commensurate cut in LO commissions...
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Nonprime Lender Citadel Intentionally Cuts Production Because of TRID

April 5, 2016
Paul Muolo
Citadel's pipeline is at roughly $150 million.
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Short Takes: Jumbo MBS Ugly in 1Q16 / More TRID Nightmare Talk / CSS is Hiring / Marketplace Mortgage Continue Expansion / New Hires for WFG

April 5, 2016
Paul Muolo and Brandon Ivey
CSS, a joint venture of Fannie Mae and Freddie Mac, is hiring at its main site in Bethesda, MD, as well as its office in Pasadena, CA.
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Final Tally: Bank Loan Sales Fell in 4Q16; A Weak Year Overall

April 4, 2016
John Bancroft
The link between loan sales and mortgage-banking income can be squishy…
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1Q16 Has Ended. A Good Quarter for Most?

April 1, 2016
The last couple of application reports from the Mortgage Bankers Association have been tepid, but anecdotal evidence suggests that the first quarter – which closed on Thursday – was much better than what many executives were expecting back in early January. Moreover, many mortgage officials interviewed by Inside Mortgage Trends believe that if it weren’t for concerns about the integrated disclosure rule known as TRID, origination volumes would have been ...
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96 Million Potential Mortgage Customers? (Hint: They’re Renters)

April 1, 2016
Brandon Ivey
The HFPC found that 63.8 million adults – 52 percent of renters in the country – don’t have a high enough credit score to qualify.
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Surprise: OCC Cuts Disclosures of Key Mortgage Servicing Data at Banks

April 1, 2016
Brandon Ivey
Fact: The Mortgage Metrics report for the third quarter of 2015 was 66 pages while the most recent issue was slashed to just 14 pages.
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Servicing Outperformed Production In Topsy-Turvy Fourth Quarter of 2015

April 1, 2016
Mortgage servicing activities generated stronger profits during the fourth quarter, helping to offset a drop in production-related income, according to a new Inside Mortgage Trends analysis of corporate earnings releases from a group of 13 major lenders. As a group, the 13 lenders reported $612.9 million in mortgage servicing income for the fourth quarter, up 94.5 percent from the previous three-month period. However, three shops reported losses during ... [Includes one data chart]
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Nation’s Largest MI UG Files IPO in Tough Market

April 1, 2016
United Guaranty, the largest private mortgage insurer in the nation, filed to go public this week, touting its market position, longevity and the strong profits it posted over the past two years. Then again, it’s been a tough market for mortgage-related stocks this year. Overall, United Guaranty hopes to raise $100 million by selling 19.9 percent of the firm, with its parent company, American International Group, retaining the balance while setting the stage for eventual ...
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