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CFPB Considering Registration System for Nonbanks, Mortgage Firms Included

August 24, 2016
Thomas Ressler
A CFPB nonbank registration system might be used to collect financial and operational data and information on a lender’s organizational structure…
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Redwood Shoots Down Report on Suspension of its Jumbo MBS Program

August 24, 2016
Brandon Ivey
In recent years, Redwood has favored whole loan sales to jumbo MBS due to pricing considerations, but the company has continued to issue jumbo MBS.
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A Small Revival for Subprime? Two New MBS Deals Hit the Market. Nomura Had a Role in Both

August 24, 2016
Paul Muolo
In total, there are 573 loans backing the Deephaven MBS…
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Delinquencies at Large Servicers Rise Ever So Slightly

August 24, 2016
Brandon Ivey
The nation’s three largest residential servicers – Wells Fargo, Chase and Bank of America – all showed sequential increases in late payments...
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Trade Groups with Nonbank Members Ask the CFPB: How About Us?

August 24, 2016
Carisa Chappell
Not only are CHLA and CMLA unhappy with the lack of representation, they want the CFPB to form a “Community Mortgage Banking Advisory Council...”
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Short Takes: Not Everyone Loves the New Fannie, Freddie Application / Okay, Who Bought the Subprime Deals? / PennyMac Gets Repo Line from JPM / MountainView Selling MSRs / Apps Fall

August 24, 2016
Paul Muolo
One source said that in the Angel Oak transaction, bidding started with eight investors…
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New GSE Application Allows for Cell Phone Numbers, Email Address, More. Industry Applauds

August 23, 2016
Paul Muolo
Regarding the omission of cell phone numbers and email addresses, one Florida-based mortgage executive said, “It drove us crazy – of all things not to have in this day and age.”
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The Final Tally: Nonbanks Battered by MSR Accounting in 2Q16

August 23, 2016
John Bancroft
Nine nonbanks reported a combined net loss of $339.5 million on mortgage-banking activity for 2Q16, but that was actually an improvement...
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CMC Warns About FDCPA, Fears Servicing Costs Will Rise Even More

August 23, 2016
Paul Muolo
The CMC – which represents several large commercial banks – calls the FDCPA an “antiquated and poorly drafted" statute...
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Short Takes: A 25 Percent Chance Uncle Sam Will Lose the GSE Lawsuits / Risk-Sharing Depletes Shareholder Value / Former Fannie CEO Mudd Settles with SEC / Mudd’s Second Act Didn’t Last Long / A New Hire for Closing Corp.

August 23, 2016
Paul Muolo
KBW believes all the GSE risk-sharing deals will “put further pressure” on the long-term value of the stocks of Fannie and Freddie…
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Latest Imf News

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Featured Data

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