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Ginnie Mae Continues to Lead the Pack in Agency Servicing Growth

July 19, 2017
John Bancroft
Outstanding MBS servicing at Fannie actually declined slightly in the second quarter…
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CFPB Issues Proposal to Address the TRID ‘Black Hole’

July 19, 2017
Thomas Ressler
Currently, lenders are permitted, under certain limited circumstances, to use revised estimates…
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Fannie/Freddie Single-Family MBS Business Slumped in 2Q17; Bank and Thrift Business Weak

July 18, 2017
John Bancroft
Wells Fargo saw an 18.6 percent drop in its GSE business during the April-June cycle, but the three other megabanks had much bigger declines…
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Flagstar Bancorp to Issue its First Post-Crisis Jumbo MBS

July 18, 2017
Brandon Ivey
All of the mortgages Clayton reviewed for the MBS are safe harbor qualified mortgages.
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Residential Production at BofA Rises 16 Percent; MSR Balances Continue to Fall

July 18, 2017
Paul Muolo
Compared to the same period a year ago, servicing balances have fallen by 19.5 percent.
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Walter’s Warehouse Lenders Show Patience – but for How Long?

July 18, 2017
Paul Muolo
In late May, Walter disclosed in an SEC filing that some of its previously issued financial statements could not be relied upon because of what it called an “accounting error.”
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CFPB Suffers Another RESPA Blow; A Victory for Affiliated Business Arrangements?

July 18, 2017
Thomas Ressler
It’s unclear whether the CFPB will appeal the decision. Bureau officials declined to comment.
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Short Takes: EverBank CEO Now the Head of LenderLive / Strong Volumes at Skyline / Refi Shops Hurting / Walter Files Layoff Notice on Irving Office / loanDepot Snatches Top LO from Guaranteed Rate

July 18, 2017
Paul Muolo
Walter Investment filed a WARN notice with the Texas Workforce Commission, saying it will close its Irving, TX, office and cut 437 workers...
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Bank Mortgage Repurchases Trend Lower

July 18, 2017
John Bancroft
Bank of America once again reported the biggest volume of residential loan repurchases: $421 million…
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Most Mortgage Gripes Plunge – Except for Loan Servicing

July 18, 2017
Thomas Ressler
Specialty servicers Ocwen and Ditech Financial ranked third and fifth, respectively, in mortgage complaints during the first six months of 2017, according to Inside the CFPB.
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