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Short Takes: We Don’t Need No Stinkin’ FICO Scores / Will TRID Hurt Earnings? / TRID was a ‘Blip’ on the Radar at RPM / More NPL Sales by Fannie / Stonegate Exec Departs for Ditech

January 13, 2016
Paul Muolo
Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."
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Nonbank Share of GSE Business Approaching the 50 Percent Mark

January 12, 2016
John Bancroft
Quicken Loans, ranked second overall in GSE loan deliveries last year, growing its business by 32.2 percent…
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Prospects for New Home-Equity Lending Are Looking Up

January 12, 2016
Thomas Ressler
“Home-equity lending, for years the red-headed stepchild of our industry, is coming back into favor," said CoreLogic's Sam Khater.
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In a Fading 4Q Market, Lenders Lean More on Correspondent and Wholesale Channels

January 11, 2016
John Bancroft
While nonbank residential lenders lean a little more on TPO channels, banks are still the driving force in the correspondent market…
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Mortgage Bankers and Brokers Shed Jobs at Yearend; Loan Officers Still in Demand

January 11, 2016
Paul Muolo
Although residential lending could fall by 20 percent in 2016, the demand for retail LOs with strong ties to Realtors and home builders should remain strong.
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Insurance Company Ups Stake in Stonegate as Lender Hits 52-week Low

January 11, 2016
Paul Muolo
Stonegate, which lost $22.8 million in 3Q15, likely will report its fourth quarter results sometime in February.
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FHFA IG: Agency Did Not Comply With Underwriting Review

January 11, 2016
Carisa Chappell
As a result, the FHFA IG has reopened its recommendation from a previous audit report...
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Complaints Fall Sharply in Nearly Every Category in Fourth Quarter

January 11, 2016
Consumer complaints to the CFPB fell by double digits in nearly every category during the fourth quarter of 2015, with total complaints down 20.1 percent for the period, despite the one area that showed an increase – prepaid cards – skyrocketing 242.1 percent, according to the latest analysis by Inside the CFPB. However, the lending industry’s performance vis-à-vis consumers generally deteriorated in most categories on an annual basis, the latest data from the CFPB consumer complaint database show.Leading the improved performance during 4Q15 was the student loan sector, which saw gripes drop by a huge 31.7 percent, followed by declines in the debt collection space (off 27.5 percent), and in the home mortgages and credit report categories, both of which saw ...
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A Solid Year for MBS/ABS Issuance, Though Volume Faded at Yearend; A New Record for Ginnie Mae

January 8, 2016
John Bancroft
Residential lenders issued a record $435.8 billion of Ginnie Mae securities in 2015, according to Inside MBS & ABS, a handsome 47 percent increase from the prior year.
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CFPB Seeks Public Comments on the Resubmission of Mortgage Lending Data

January 8, 2016
Thomas Ressler
Specifically, the bureau’s notice asks for public comment on the agency’s use of resubmission error thresholds and how they should be calculated.
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