Inside Mortgage Finance shortly will publish its final 4Q ranking of FHA lenders, but it appears that the October-December period was one of the strongest in terms of loan production in quite some time ...plus other mortgage briefs.
Relatively new players to the world of Fannie Mae approvals are starting to gripe a little more about the volume curbs that the GSE is placing on its newbie customers. One mortgage banker, who spoke under the condition his name not be used, told Inside Mortgage Finance ...
Nationstar Mortgage is telling potential investors in the company that it plans to be a significant player in settlement services, REO management, processing and other areas.
Heres a pop quiz: Which top-ranked lender saw its residential fundings fall by 58 percent during the first nine months of the year while the rest of the competition soared? Answer: Bank of America.
Much attention over the last few years has centered on how best to help revive non-agency mortgage securitization. But recent advances in technology have enabled whole loan trading to emerge as a viable alternative that is filling some of the void left in the marketplace by less securitization. At least in the U.S. residential debt market, we are seeing a much larger market for the trading of whole loans, said Wyck Brown, president of Denver-based BlackBox Logic, a provider of loan-level data aggregation, analytics and consulting services. Large whole loan blocks can ...
Expect the Consumer Financial Protection Bureau and the Federal Housing Finance Agency to roll out a national mortgage database this year, but experts say it remains to be seen how comprehensive or how secure the first-of-its-kind mega electronic information storehouse will be. This week, during a webinar sponsored by the Ballard Spahr law firm, experts from Ballard and Navigant Consulting agreed that the governments commitment to develop an origination-to-foreclosure repository of mortgage data is a daunting task that will take much longer than a single calendar year to implement and refine. I absolutely believe...
Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency, are moving forward together to develop industry-wide data standards, according to updates from both GSEs. A component of the FHFA-mandated Uniform Mortgage Data Program, the Uniform Mortgage Servicing Dataset will define a standard dataset that will facilitate data exchanges between servicers and investors with standardized definitions, formats and valid data values. The adoption of an industry standard data model will provide long-term benefits to servicers, GSEs and the mortgage industry, noted the GSEs update published Dec. 12.