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Mortgage Brokers Post Big Gains in 2Q17

August 24, 2017
John Bancroft
Mortgage brokers saw their market share top 11.0 percent in the second quarter, the highest reading in quite some time, Inside Mortgage Finance found…
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Industry Glad that CFPB Will Close the TRID ‘Black Hole’

August 24, 2017
Thomas Ressler
As a result, the closing disclosure can generally only be used to reset tolerances based on events that occur within seven days of closing…
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Vendor That’s Digitizing the Mortgage Process Lands $100 Million in Funding

August 24, 2017
Paul Muolo
In earlier funding rounds, Blend's backers have included businessman Peter Thiel, who co-founded PayPal...
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Eagles Named HUD Acting Deputy Secretary; Pantenaude on ‘Hold’ in the Senate

August 24, 2017
George Brooks
Senate Democrats opposing the administration’s proposed cuts to HUD’s FY 2018 spending bill have reportedly placed a hold on Pantenaude’s nomination...
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Wedbush: Expanded Credit Could Add $200 Billion of Originations

August 24, 2017
Paul Muolo
Publicly traded lenders that could benefit from the trend include First Republic Bank, Flagstar Bank, Nationstar Mortgage and U.S. Bank…
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Wells Fargo Wins the Bid for Seneca and its $54 Billion MSR Portfolio; Is the Tide Turning in Favor of Banks?

August 24, 2017
Wells Fargo – the nation’s largest home lender and servicer – has apparently won the bid for Seneca Mortgage and its $53.6 billion servicing portfolio, sending shockwaves through the market. But as Inside Mortgage Finance went to press this week, the jury was still out on whether this was a “one-off” opportunistic purchase or, perhaps, the start of a trend toward depositories showing renewed interest in mortgage servicing rights. For now, Wells isn’t...
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Short Takes: A New Loan Record for Freddie Mac / CFPB Warns Seniors About Reverses / Refis on the Rise a Bit / SFR Official Gets Ginnie Job / A New Hire for Mortgage Network

August 24, 2017
Paul Muolo and Sherry Muolo
According to a Freddie spokesman, the loan represents the “the largest-ever single-asset tax-exempt financing completed” by the GSE…
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Regulators Propose Halt of Tougher MSR Capital Requirements for Regional Banks

August 23, 2017
Brandon Ivey
The proposed suspension generally applies to banks with less than $250 billion in total assets.
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Despite Coming Ban, Starwood REIT to Buy Non-QMs with FHLBank Help

August 22, 2017
Brandon Ivey
Starwood didn’t disclose the volume of non-QMs it has acquired at this point.
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Wells Fargo Wins the Bid for Seneca Mortgage

August 22, 2017
Paul Muolo
Other bidders on the $53.6 billion MSR portfolio include JPMorgan Chase and New Residential…
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