Flagstar Gets Rated, a Sign that it May Become More Involved in Jumbo MBS? July 11, 2017 Brandon Ivey Jumbos accounted for 5.6 percent of Flagstar’s residential originations during the period…Read More
Will Rep. Hensarling Deal on GSE Reform? July 11, 2017 Paul Muolo The big question: Will the Chairman of the House Financial Services Committee support an explicit government guarantee on conventional MBS?Read More
More GSE Cases Filed Arguing that the FHFA’s Structure is Unconstitutional July 11, 2017 Carisa Chappell FHFA’s status as an independent agency headed by a single director makes it different from almost every other independent agency…Read More
CFPB Issues Final Rule to Ban Mandatory Arbitration in Consumer Financial Contracts July 11, 2017 Thomas Ressler However, Congress has already prohibited arbitration agreements in the largest market the agency oversees: residential mortgages.Read More
Short Takes: It’s Alive Again (Well, Sort Of) / Sindeo’s Roots / The Mortgage Tech Race / Happy Anniversary Fannie and Freddie (Soon) / New Hires for mREIT Giant Annaly July 11, 2017 Paul Muolo There's a race on to see who will be the first to deliver a best-in-class lending automation product that the consumer trusts, said consultant Paul Hindman...Read More
HUD Mortgagee Review Board Suspends PA Lender Seckel Capital July 11, 2017 Paul Muolo As IMFnews went to press, Seckel was said to be in a meeting and could not be reached for comment.Read More
Appeals Court: Mortgage Underwriters are Eligible for Overtime Pay. But a Split Appears July 10, 2017 Brandon Ivey Overtime pay for underwriters will remain a focus of litigation because courts are split on the issue, according to the Mortgage Bankers Association.Read More
Walter Gets Extension on Warehouse Waivers, but its Advance Rates are Reduced July 10, 2017 Paul Muolo Walter said it will continue to seek appropriate amendments and waivers...Read More
VRM Wins 10-Year Contract to Oversee REO, Service VA Loans July 10, 2017 George Brooks The deal was negotiated from a previous five-year contract that was awarded to VRM…Read More
Short Takes: More Regulations to Think About / $5 Trillion in ‘Tappable’ Equity / Don’t Forget to Audit Your Closing Agents / PennyMac Renegotiates Repo Deal / A New Hire for Mortgage Network July 10, 2017 Paul Muolo Time to audit your closing agents?Read More
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