HUD Mortgagee Review Board Suspends PA Lender Seckel Capital July 11, 2017 Paul Muolo As IMFnews went to press, Seckel was said to be in a meeting and could not be reached for comment.Read More
A Breakout Quarter for Nonprime MBS; $1.08 Billion of Deals in 2Q17 July 10, 2017 Brandon Ivey “Rated nonprime non-qualified-mortgage transactions should broaden the investor base,” Deutsche Bank said.Read More
Appeals Court: Mortgage Underwriters are Eligible for Overtime Pay. But a Split Appears July 10, 2017 Brandon Ivey Overtime pay for underwriters will remain a focus of litigation because courts are split on the issue, according to the Mortgage Bankers Association.Read More
Walter Gets Extension on Warehouse Waivers, but its Advance Rates are Reduced July 10, 2017 Paul Muolo Walter said it will continue to seek appropriate amendments and waivers...Read More
Up for Grabs: $1.63 Billion of Fannie, Freddie, Ginnie Servicing Rights July 10, 2017 Paul Muolo According to the offering circular, the Ginnie receivables total $1.40 billion and carry an overall delinquency ratio of 6.60 percent.Read More
VRM Wins 10-Year Contract to Oversee REO, Service VA Loans July 10, 2017 George Brooks The deal was negotiated from a previous five-year contract that was awarded to VRM…Read More
Short Takes: More Regulations to Think About / $5 Trillion in ‘Tappable’ Equity / Don’t Forget to Audit Your Closing Agents / PennyMac Renegotiates Repo Deal / A New Hire for Mortgage Network July 10, 2017 Paul Muolo Time to audit your closing agents?Read More
MBS/ABS Production Faltered Slightly in 2Q17, but Some Sectors Bucked the Trend July 7, 2017 John Bancroft It was the slowest agency refi market since the third quarter of 2014…Read More
Employment Reading: With Purchase-Money Lending on the Rise, Mortgage Hiring Increases July 7, 2017 Paul Muolo According to interviews conducted by Inside Mortgage Finance, several large nonbanks continue to hire, including Amerihome, Quicken Loans, and United Wholesale Mortgage, among others.Read More
After a Significant Lull, Credit Suisse Returns as a Player in Non-Agency MBS July 7, 2017 Brandon Ivey Quiet no longer in non-agency MBS: Credit Suisse...Read More
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