Yet More Mortgage Charges for SunTrust, This Time for $145 Million January 5, 2015 Brandon Ivey SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.Read More
Golden First Owner Banned from Government-Related Mortgage Business January 5, 2015 George Brooks In addition to the $36 million judgment against Golden First, Movtady was ordered to pay a $300,000 penalty within six months.Read More
Short Takes: Obama Again on GSE Reform / Newly Minted MBAs Hate Mortgages? / Guild Goes HLTV / An ATR for Payday Loans? / John Adams Settles FHA Charges January 5, 2015 Brandon Ivey and Paul Muolo Are recent graduates of business schools avoiding the mortgage industry?Read More
What We’re Hearing: The Top Mortgage Stories of 2014: A Kinder, Gentler FHFA; The Ocwen Disaster; Nonbanks (Except for Ocwen) Continue to Thrive; The End of QE; A Mortgage M&A Boom in Miniature; The FHA MMIF Returns to the Black… January 2, 2015 Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)Read More
Are Fannie and Freddie Lobbying Again? In Subtle Ways? December 30, 2014 Ed Roberts Rep. Scott Garrett, R-NJ, is concerned that Fannie and Freddie have resumed lobbying, at least in subtle ways.Read More
Credit Reporting Agency Complaints to the CFPB Up 100 Percent YOY, But… December 30, 2014 Thomas Ressler The category of “incorrect information” continues to make up the lion’s share of the complaints, ICFPB found.Read More
Reintroduction of 97 Percent LTV GSE Loans a Big Ho-Hum? December 30, 2014 Paul Muolo Okay, so maybe the reintroduction of 97 percent LTV loans is not a game-changer...Read More
Lenders Largely Happy with Proposed Rule on Flood Insurance December 30, 2014 Brandon Ivey The CMC believes that servicers should not be required to verify flood insurance coverage on existing loans when the escrow option becomes effective. Read More
Short Takes: PennyMac Gets Hike on Repo Line / More on Ocwen’s Erbey / Rep. Royce Will Try to Stop the GSE Housing Trust Fund Contributions / What the New VA Loan Limits Mean December 30, 2014 George Brooks and Paul Muolo A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”Read More
Worry Wall: GSE Buybacks Tied to 2013 Production on the Rise December 30, 2014 John Bancroft The 2013 GSE book of business is getting a lot more attention from Fannie Mae and Freddie Mac.Read More
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