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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.
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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.
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CitiMortage Prevails After Correspondent Lender Refused to Repurchase Faulty Mortgages

December 22, 2015
Brandon Ivey
“The buyer did exactly what the contract allowed it to do, namely, determine that a loan was defective and demand repurchase,” Judge Wollman wrote in his ruling.
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Short Takes: How Many TRID Tech Updates? 99? / Ocwen Makes Another Payment / Rates Going Nowhere / Time for FHA Lenders to Use LEAP / Mortgage Exec Back With Guaranteed Rate

December 22, 2015
Paul Muolo, Thomas Ressler, and Sherry Muolo
At some lending shops, almost 100 TRID technology updates have been implemented...
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VA Unveils New Loan Limits for 2016, Increases for 39 Counties

December 22, 2015
George Brooks
The VA county loan limits do not apply to Interest Rate Reduction Refinancing Loans...
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Fannie Mae Readies ‘Risk Free’ Alternative to Loan Repurchases

December 21, 2015
Carisa Chappell
The new approach is expected to be a more cost-effective route than going through the repeated repurchase requests that have plagued lenders over the years.
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Jumbo Funder BofI Expands Into Agency Products with Wholesale Offering; Receives Ginnie Issuer Approval

December 21, 2015
Brandon Ivey
The bank's expansion into government lending comes after a noticeable decline in its share price...
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Hike in FHA Loan Limit Cited as Reason for Longer Waits at Resource Center

December 21, 2015
Sherry Muolo
The higher loan limits take effect Jan. 1. Sullivan said consumers are likely contacting the resource center to get in last-minute questions.
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Short Takes: Don’t Let Your LOs Prepare TRID Disclosures? / LO ‘Scorecards’ on the Rise? / REIT Sub Gets FHLB Membership / CoreLogic Buys Vendor for $475 Million / A New Hire for Home Point

December 21, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
We’re hearing more chatter of mortgage lenders starting a loan officer “scorecard” approach to grading their salesmen and women...
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A Different Take: Maybe TRID-Related Delays Aren’t So Bad After All?

December 18, 2015
Brandon Ivey
The share of home-purchase transactions that closed on time in November declined compared with October for all six loan types tracked by HousingPulse...
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