Short Takes: loanDepot Loses its Product Chief / Bill Dallas and Cloudvirga / Kudos on the Calabria Pick from HFSC Chairman Hensarling / A Candidate Himself Once? / A New Hire for Vendor Valuation Partners December 12, 2018 Paul Muolo Cloudvirga, at one time, was headed by industry veteran Bill Dallas...Read More
Subservicing Sector Continues to Grow at a Steady Clip as States Act as ‘Mini-CFPBs’ December 11, 2018 Paul Muolo Gordon Albrecht of FCI said he’s not surprised the subservicing sector is doing well “because of all the states that keep adding regulations.” Read More
Retail Lost Share in Major Product Groups December 11, 2018 John Bancroft However, retail remains king of the jumbo sector…Read More
Neuberger Berman Sources Majority of Loans for Non-QM MBS from Sprout Mortgage December 11, 2018 Brandon Ivey Based in Henderson, NV, Sprout is a correspondent lender.Read More
One GSE Shareholder Speaks Up: Calabria Will be Constrained in His Mission to Dissolve Fannie and Freddie December 11, 2018 Paul Muolo James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.” Read More
CFPB Imposes Zero Civil Money Penalty for Violations, Again December 11, 2018 Yemeng Yang The CFPB alleged that State Farm violated the Fair Credit Reporting Act.Read More
Short Takes: The Six Horsemen of the GSE Apocalypse / If You Have to Ask, You’re in Trouble / G-Fees Hold Steady / Plaza Home’s New Tag Line / NAMB Giving Away Software for Free December 11, 2018 Paul Muolo NAMB is giving away free software...Read More
Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise December 10, 2018 John Bancroft At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…Read More
REIT Investments in GSE CRT Deals Could Surge December 10, 2018 Dennis Hollier Fannie and Freddie addressed that problem by beginning to structure CAS and STACR transactions as real estate mortgage investment conduits – which REITs can buy more freely.Read More
Caught in the Market’s Down-Draft: Texas Capital, the Nation’s Second Largest Warehouse Provider December 10, 2018 Paul Muolo The warehouse lending sector has experienced a noticeable decline in profit margins…Read More
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