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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..."
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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...
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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...
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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...
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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...
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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
Paul Muolo, Sherry Muolo, and Carisa Chappell
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…”
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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...
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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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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…
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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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