What We’re Hearing: Mortgage Lenders to England: Thanks for Igniting Another Refi Boom / Servicers Cringe? Maybe Not / Brexit, Plunging Rates and the GSE ‘Hedging’ Issue / More on a Possible FHA MIP Cut / Capsilon Gets Investment from PE Firm June 24, 2016 Paul Muolo What does the Brexit vote for Fannie Mae and Freddie Mac? Hedging losses, maybe?Read More
VA Originations Top $103 Billion Through First Eight Months of FY 2016 June 23, 2016 George Brooks VA reported that it’s encouraged to see more millennial veterans using the program…Read More
CFPB Singles Out Loan Servicers for Tech Failures. Are Fines Coming? June 23, 2016 Thomas Ressler CFPB examiners found problems with loan modification acknowledgement notices, including sending them too late and having incorrect information or deceptive statements…Read More
Ocwen to Settle with DOJ for $30 Million in FCA Lawsuits Involving HAMP and FHA June 23, 2016 Brandon Ivey In trading Thursday, Ocwen’s share price was up almost 8.0 percent on the day to $1.69 a share. Read More
Short Takes: What’s an NBA Championship Worth? About 25 BPs / MountainView Selling Ginnie Mae MSRs / 20 Percent Down Isn’t the Right Answer? / Homeownership, a Complicated Affair / Ditech Hires Ex-SunTrust Exec June 23, 2016 Brandon Ivey, Macie Jones, and Paul Muolo Who needs a toaster when you can have a mortgage at a 25 basis point discount?Read More
Ginnie Mae Hosts ‘Liquidity Summit’ on Friday; A Concern That the Megabanks Have Split for Good? June 23, 2016 Paul Muolo How big of a deal in this liquidity summit? Well, officials from the Federal Reserve and Treasury Department will be there...Read More
The Final Jumbo Tally for 1Q16: Just a Shade Over $100 Billion, Including GSE Loans June 22, 2016 John Bancroft There is a fighting chance that agency high-cost limits could go up in 2017.Read More
CRT Capital Group Pulls the Plug on Sterne Agee CRT; Firm Followed Several Mortgage Stocks June 22, 2016 Paul Muolo CRT Capital’s backers include Aquiline Capital Partners, which 18 months ago bought a large stake in subservicer/service provider LenderLive.Read More
Federal Regulators Plead for Housing Finance Reform Legislation, Note They are ‘Approaching the Limits of their Ability to Enact Reform’ June 22, 2016 Brandon Ivey Financial regulators tell Congress: Do something now on GSE reform before it's too late...Read More
25 Trade and Community Groups Tell FHFA Chief Mel Watt: Kill LLPAs Now June 22, 2016 Paul Muolo The mortgage industry and others want LLPAs eliminated now...Read More
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