United Wholesale Mortgage Bucks the TRID Trend: No Delays in Loan Closings December 28, 2015 Paul Muolo Mat Ishbia of UWM said the money his company spent getting ready for TRID is an expense "for the long haul..."Read More
More Front-End Changes to Deal With: GSE Loan Application Will Undergo a Major Redesign December 28, 2015 Carisa Chappell New data fields will be added to support Fannie’s and Freddie’s requirements, as well as those required by the FHA, VA, USDA and CFPB...Read More
Clayton Homes Pushes Back Against Accusations of Discriminatory Lending on Manufactured Homes December 28, 2015 Brandon Ivey Clayton said the outlets’ analysis didn’t include factors such as a borrower’s credit score, downpayment, loan size, collateral and land type...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
Short Takes: TRID Nightmares Continued / ‘I’ve Aged Five Years in the Past Month’ / Freddie Contemplates Marketplace Lending: A Flash in the Pan? / Foreclosures Continue to Head South December 23, 2015 Carisa Chappell, Paul Muolo, and Sherry Muolo Sean Becketti, Freddie’s chief economist, said, “It's too soon to tell whether marketplace lending is the next Uber or just another flash in the pan…”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
Mortgage Tech Vendors Still Scrambling to Help Lenders with TRID December 22, 2015 Thomas Ressler The word from the American Bankers Association is this: LOS vendors are still very busy with basic compliance and basic form-population issues…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
PHH Files S-3 With the SEC, Lays the Groundwork for Some Type of Securities Offering December 22, 2015 Paul Muolo However, the new PHH filing does not contain the names of any underwriters, dealers or agents. Read More
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