Home Equity Softened in 1Q17, but Growth Prospects Looking Up June 21, 2017 John Bancroft Bank of America continued to dominate second lien lending with $4.05 billion of originations during the first quarter of 2017…Read More
Is it Too Late to Delay the New HMDA Requirements? July the Point of No Return? June 21, 2017 Thomas Ressler “We can’t futz around until October,” said attorney Richard Andreano…Read More
Summer’s Here and the Mortgage M&A Market is Heating Up June 21, 2017 Paul Muolo One industry consultant who expects a lot of activity this year is David Lykken, president of Transformational Mortgage Solutions.Read More
Short Takes: Is Nationstar Listening to Trump? / India Office Will Stay Open / What Will Ocwen Financial Do? / Big M&A Maybe / DocMagic Ready for UCD June 21, 2017 Paul Muolo The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?Read More
Sen. Warner: GSE Reform Could Come Before Dodd-Frank June 21, 2017 Carisa Chappell Sen. Warner noted the Trump administration is committed to doing something about the GSEs…Read More
After Last-Ditch Effort at a Capital Raise, Mortgage ‘Disruptor’ Sindeo Folds June 21, 2017 Paul Muolo According to resumes posted on LinkedIn, Stamos had no direct mortgage lending experience whatsoever, nor did his co-founder Ori Zohar.Read More
Subservicers Post Steady Gains; Cenlar Continues its Dominance June 21, 2017 Paul Muolo Nationstar, in particular, has been aggressive in scouting for subservicing clients, and scored a big coup in January…Read More
New HMDA Requirements ‘No Big Deal’ for Small Lenders, Professor Says June 20, 2017 Thomas Ressler Georgetown University law professor Adam Levitin notes, “In other words, this just ain’t a big deal.”Read More
TRID Played a Huge Part in Mortgage Defects Last Year June 20, 2017 Thomas Ressler If there’s a TRID error, secondary market investors will not buy the loan or will pay less for it…Read More
IG Sounds Warning: 87 Percent of HUD’s Tech Systems Near the End of Their ‘Life Cycle’; Math Problems Ensue… June 20, 2017 Paul Muolo The problem is so bad that HUD is having trouble doing mathematical calculations…Read More
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