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New Poll: Industry Says Let Congress Fix the GSEs

September 19, 2017
Paul Muolo
Congress is not expected to produce workable GSE legislation until next year and even then, other issues – tax reform, another run at fixing “Obamacare,” for example – could kick the can down the road.
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Federal Court Sanctions the CFPB for Deposition Conduct

September 19, 2017
Thomas Ressler
When the depositions finally occurred, a CFPB witness used “memory aids” to deliver rote, sometimes unresponsive answers to questions.
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Short Takes: About Those GSE Dividend Payments… / The Man Wants to be Paid / Record Attendance at ABS East / LendingTree Buys Snap Capital / Webster Gets a New President

September 19, 2017
Brandon Ivey and Paul Muolo
In other words, the FHFA will once again order the dividends to be paid to Treasury. Right?
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HECM Production Up Almost 26 Percent in First Half of 2017

September 18, 2017
George Brooks
Despite increased originations, FHA data show HECM production, in general, has been on a gradual decline for several years…
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A Growing Problem: VA ‘Rapid’ Refis

September 18, 2017
George Brooks
Acting Ginnie Mae President Michael Bright confirmed the resurgence of inappropriate streamline refinancing in securitization pools, promising a crackdown…
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CFPB Official Tells ABS East Attendees: Show Us Data on How Consumers Have Been Harmed

September 18, 2017
Brandon Ivey
“We want to know if there are impediments because of our rules,” said CFPB Policy Analyst Patrick Orr…
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Prestwick Selling $1.8 Billion Bulk Fannie/Ginnie MSR Portfolio

September 18, 2017
Paul Muolo
The Fannie balance of the pool accounts for $1.33 billion of the receivables.
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Nonbank Lenda Gets Backing of $5.25 Million

September 18, 2017
Sherry Muolo
Lenda originally began as a refinance provider in 2013…
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Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network

September 18, 2017
George Brooks, Brandon Ivey, and Paul Muolo
The FHA nominee had been a Radian director since 2012…
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Interest in Mortgage Tech Heats Up

September 14, 2017
Paul Muolo
Blend announced a stunner – it had raised $100 million in “Series D” funding…
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Latest Imf News

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Featured Data

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Featured Reports

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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