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Short Takes: Meet HAL, Your Loan Officer / The Low-Hanging (Mortgage) Fruit / Can a Computer go to Jail? / ‘Digital’ Mortgage Means What Exactly? / Wedbush Likes Nationstar

March 28, 2017
Paul Muolo
LO automation could be complicated by compliance. What if there’s a RESPA violation and charges are filed? Who goes to prison: the computer or the supervisor of the computer?...
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GSE Buybacks Fell to Record Low in Fourth Quarter, 2016

March 27, 2017
John Bancroft
During the fourth quarter of 2016, lenders repurchased just $207.31 million of home loans, a 37.0 percent decline from the third quarter.
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CFPB Proposes Changes to Give Lenders Flexibility Collecting Data

March 27, 2017
Thomas Ressler
The CFPB believes the proposed amendments will provide greater clarity to lenders…
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As Originations Decline, Lenders Concerned About Competition and Lower Profits

March 27, 2017
Brandon Ivey
Issues involving regulatory compliance have declined significantly under the Trump administration.
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Charbonneau & Associates Working on Two M&A Deals

March 27, 2017
Paul Muolo
When it comes to mortgage banking M&A, it’s still a seller’s market…
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Grants Help Launch 15 New Mortgage Brokerage Shops

March 27, 2017
Brandon Ivey
The NAMB KickStart program provides a grant of up to $10,000 to help a mortgage broker launch his or her own shop. The money comes from UWM.
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Short Takes: Delusional Mortgage CEOs? / A Nice Comeback for BofA / Phil Bracken for Ginnie Mae President? / SunTrust’s Online Lending Affiliate / Falling Still: The Yield on the Benchmark 10-Year Treasury

March 27, 2017
Paul Muolo
In 2009, BofA’s stock fell to as low as $3.95 a share. Today, it trades for $22.86, an increase of 478 percent…
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With Trump in Power, the CFPB is Hardly Bashful About Pressing Enforcement Actions

March 24, 2017
Thomas Ressler
Presumably the bureau is going to keep bringing enforcement actions like this until a final resolution is reached curbing its authority, the attorney noted…
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What We’re Hearing: No GSE Capital in Nine Months / But Don’t Sweat It / Mel Knows / Fairholme’s Bad Bet on Sears / Impac Borrows Against Fannie Mae MSRs / Blend’s Clients Include Movement Mortgage

March 24, 2017
Paul Muolo
Not only does Fairholme own Fannie and Freddie shares, it has an investment in Sears, the troubled department store chain...
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Fitch the 2016 Rating Service King in Both Non-Agency MBS and Non-Mortgage ABS

March 24, 2017
John Bancroft
S&P finished a close second with a 53.6 percent market share.
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