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Short Takes: Tom Marano, Ditech’s $5 Million Man? / Ripe for a Major Disruption: The Subservicing Market? / Good News: Applications Rise / Rep. Waters Introduces FHA Bill / Ditech Gets a New COO

April 19, 2018
George Brooks and Paul Muolo
There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind.
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VA Removes Lender Certification Requirement from New Policy Guidance on Early IRRRL Disclosures

April 19, 2018
The Department of Veterans Affairs has withdrawn a recent directive to provide lender-certification disclosures as part of early disclosure requirements for Interest Rate Reduction Refinance Loans (IRRRLs).
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What We’re Hearing: OMB Reviewing VA Anti-Churning Rule / MB Financial Shutters Mortgage Division: A Canary in a Coal Mine? / Put Your Seatbelt On / No Complaints From the Nonprime Sector / The Search for Dave Stevens Successor at MBA Narrows

April 13, 2018
George Brooks and Paul Muolo
Now comes the big question: How many more MB Financials are out there?
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Private MI Loan Volume Down Sharply in 1Q18

April 12, 2018
John Bancroft
The upside for private MIs is that their purchase business started off 2018 at a more robust level than last year…
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VA Sends Anti-Churning Rule to OMB, Weighs Risk Sharing, Develops AUS

April 12, 2018
The Department of Veterans Affairs is close to issuing a final anti-churning rule to better protect veterans from predatory lending practices as well as developing an end-to-end system to monitor loan performance from origination to servicing.
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Ginnie MBS Production Tumbled to Three-Year Low in 1Q18

April 11, 2018
John Bancroft
The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.
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GNMA Chief Confident Agency Will Win Back Investors

April 10, 2018
George Brooks
Bright said actions Ginnie has taken send a clear message to the industry and to investors that it is intent on eliminating the problem.
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MountainView Selling $6B-Plus of Bulk Servicing Rights

April 10, 2018
Paul Muolo
The bulk portfolio has ultra-low delinquencies…
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MBS Trading Volume on the Rise in Early 2018

April 9, 2018
Paul Muolo
Demand for agency product remains strong, but the investor base is beginning to shift somewhat, said MBS Highway Principal Barry Habib...
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Phoenix Capital Selling Fannie/Freddie/Ginnie Bulk MSRs

April 9, 2018
Paul Muolo
The conventional portion is top heavy with New York loans…
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