Subservicing Contracts Continue to Rise; A 28 Percent Gain YoY December 28, 2015 Paul Muolo In a recent report, Freddie Mac economists said subservicing likely will “persist and perhaps grow.”Read More
Residential Servicers Cut Staffing Levels – But Banks Cut the Most December 28, 2015 Brandon Ivey Banks had an average of nearly 500 loans per full-time employee in the third quarter, up from almost 400 at the end of 2014. Read More
Short Takes: More TRID Snafus: Who Makes the Disclosure? / Electronical Acceptances Key / The Marijuana Trade and Home Prices / Microscopic Changes in Rates / HFH Hires New CIO December 28, 2015 Paul Muolo and Sherry Muolo Is the booming marijuana trade in Colorado causing home prices to rise in the Rocky Mountain (High) state? Not necessarily... Read More
Banks Sharply Reduce Use of ‘Proprietary’ Loan Mods in 3Q15 December 28, 2015 Brandon Ivey The banks completed 22,459 proprietary mods in the third quarter, down 25.4 percent compared with the previous quarter...Read More
Will Ginnie Mae Pass Freddie Mac in MBS Outstanding? December 23, 2015 John Bancroft Ginnie Mae production topped Freddie Mac’s issuance in 2014 and was comfortably ahead after the first 11 months of this year.Read More
Time to Stop Blaming TRID for Everything, Including the NAR Sales Figures? December 23, 2015 Brandon Ivey Industry analysts didn’t have TRID to blame for the decline in home sales last year. Instead, NAR's Lawrence Yun said the decline was part of a seasonal trend.Read More
Christmas Comes Early for Lenders: Mortgage Applications Jump December 23, 2015 Sherry Muolo A 'Santa Claus' mortgage application rally?Read More
Subprime Lender Angel Oak May Fund $1 Billion in 2016 December 23, 2015 Paul Muolo In an interview with IMFnews, John Hsu talked about Angel Oak’s $150 million subprime deal, noting that there is a “huge amount of support for this.”Read More
FHFA Issues Final Rule on Suspensions Under ‘Counter-Party’ Program December 23, 2015 Carisa Chappell The final rule from the FHFA also simplifies the standard for issuing suspension orders...Read More
White Paper Raises a Thorny Issue: Could Fannie Mae Have Avoided Conservatorship? December 22, 2015 Carisa Chappell “It is likely that Fannie Mae could have survived the financial crisis without the intervention of the Treasury,” the authors argue.Read More