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Will the Upcoming MMIF Audit Show a Flush FHA Insurance Fund?

October 17, 2016
John Bancroft
The MMIF had $30.86 billion in capital resources at the end of fiscal 2015. HUD does not provide updated figures on the fund’s capital resources through the year…
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BofA Posts Slight Decline in Home Lending in 3Q; Lags Peers

October 17, 2016
Paul Muolo
Bank of America’s mortgage division posted $297 million in residential income for 3Q compared to $267 million in 2Q and $290 million in the third quarter of last year.
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Could the Judge’s Ruling in the PHH-CFPB Case Ultimately Affect the FHFA?

October 17, 2016
Carisa Chappell
The court’s reasoning in the case casts doubt on the validity of the FHFA’s structure, according to a report from Compass Point Research & Trading.
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Does Default Servicing Have Much of a Future?

October 17, 2016
Thomas Ressler
Some good news for default servicing: For all the loans that are out there, there will always be excessive debt, illness, divorce, unemployment, or some other disruptive factor, noted one expert.
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Phoenix Selling ‘Flow’ Servicing that Could Top $2.1 Billion Per Year

October 17, 2016
Paul Muolo
Based on the seller’s past performance, California, Texas and Florida will account for 30 percent of the receivables. Bids are due Oct. 18.
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Short Takes: Schneider is Out at Walter, Ditech / A Flattening of the Management Structure / Just a 10 Percent Increase in Originations? / Countrywide Once Wanted to be the Third GSE?

October 17, 2016
Paul Muolo
Three GSEs: Fannie Mae, Freddie Mac and Countrywide?
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The PHH Decision: Will Past Enforcement Actions by the CFPB Come Under Scrutiny?

October 17, 2016
Thomas Ressler
Further, the decision opens up prior actions taken by the bureau to potential challenges to the validity of past guidance, consent orders, fines and rules.
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Big Banks Claim Larger Share of GSE Business During 3Q16

October 14, 2016
John Bancroft
Reversing at least temporarily a long-running trend in the mortgage market, the four biggest banks in the U.S. expanded their presence in the GSE single-family market in the third quarter of 2016...
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Traditional Interpretation of RESPA Sec. 8 Gets a Boost as Court Sides With PHH in CFPB Dispute

October 14, 2016
Thomas Ressler
The traditional interpretation of Section 8 of the Real Estate Settlement Procedures Act that the mortgage industry has relied on for decades was vindicated this week when ...
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Non-Agency MBS Issuance Rebounded in 3Q16, But Remained Well Off the Pace Set in 2015

October 14, 2016
John Bancroft
A total of $12.41 billion of non-agency MBS were issued during the third quarter of 2016, according to a new Inside MBS & ABS analysis, but the market continued to ...
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Latest Imf News

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