Will the Wells Fargo Account Scandal Hit the Megabank’s Mortgage Business? Correspondent Sellers Fear ‘Reputational’ Risk September 29, 2016 Paul Muolo Meanwhile, other lenders said they are hearing reports of correspondent originators slowing down the sale of closed loans to Wells.Read More
Academics Weigh In: DFA Mortgage Rules Benefitted the Wealthy September 28, 2016 Thomas Ressler However, Georgetown University professor Adam Levitin is challenging the findings of his DC-area colleagues.Read More
Ginnie Mae Keeping a Close Eye on Servicing Sales, Liquidity September 28, 2016 George Brooks Ginnie Mae wants to make sure that issuers are not selling all their good loans and retaining the potential dregs…Read More
HUD Rolls Out New Rules for Condo Projects; ‘Spot Approvals’ Reinstated September 28, 2016 George Brooks In addition, HUD proposes to vary its owner-occupancy requirement…Read More
Short Takes: So Long to GSE Plaintiff Perry Capital / Lost Cause? / GSE Common is Cheap / RBS Settles CU MBS Case / Front-end or Back-end? September 28, 2016 Paul Muolo Closing the fund means that Perry Capital will have to liquidate its holdings – including its positions in Fannie and Freddie...Read More
Ditech Readies $300 Million ABS Backed by Servicing Advances September 27, 2016 Brandon Ivey A few days ago, Ditech’s parent company filed an 8-K with the SEC, disclosing delinquency information on its GSE servicing portfolio.Read More
Short Takes: Trump Has Some Choice Words for Janet Yellen / The CFPB Now Carries the Wells Fargo ‘Shield’ / FBR Likes MI Sector / Alt Credit Score Models? / A New CEO for New Castle September 27, 2016 Paul Muolo and Thomas Ressler Apparently, not everyone is a fan of low rates. Take Donald Trump, for instance...Read More
Streamline Refis Causing Problems for VA, Ginnie Mae Investors September 26, 2016 George Brooks VA wants to make sure that borrowers are not making a hasty decision to refinance, said VA Acting Director Jeffrey London.Read More
Fannie Mae Rolls Out DU 10.0 Featuring ‘Trended Credit Data’ September 26, 2016 Carisa Chappell Fannie said DU 10.0 also will help borrowers who have multiple financed properties, eliminating certain eligibility overlays…Read More
Short Takes: Trump & Hillary Mortgage Corp. / CHLA Weighs In on Front-End Risk-Sharing: No / Will ALTA Break the CFPB’s Website? / Now, Print Your Name and Personal Story Right Here September 26, 2016 Paul Muolo and Thomas Ressler When it comes to front-end GSE risk sharing deals, just say no?Read More
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