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CFPB Chief Cordray Gives Kudos to Credit Unions on their Mortgage Performance

September 22, 2016
Thomas Ressler
The improved numbers suggest that the industry’s fears those rules would crush or even depress the market somewhat were overblown.
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Yellen: Fed Will Monitor Wells Fargo, Others for Consumer Harm

September 22, 2016
Thomas Ressler
The Wells account and credit card scandal did not involve mortgages, but the bank is the nation’s largest overall home funder and retail originator.
Read More

The Final Tally: Production Profits Rose in 2Q16, but Servicing Results Hammered

September 22, 2016
John Bancroft
A group of 13 publicly traded lenders reported a combined $1.72 billion in production and secondary marketing income for the second quarter.
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SEC Charges Against Hedge Fund Chief Include Allegations Tied to Altisource Investment

September 22, 2016
Brandon Ivey
Altisource’s stock price declined by 6.4 percent to $30.77 per share shortly after the charges were announced, but the stock has rebounded somewhat…
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Short Takes: Don v. Hillary. Bring the Popcorn / The Future of Fannie and Freddie? / How to Promote Homeownership / JPM Finishes the Mortgage Test Early

September 22, 2016
Brandon Ivey and Paul Muolo
Meanwhile, if you want to know where Clinton and Trump stand on the issue of homeownership in America, you can review their respective party platforms...
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Former Clayton Chief Joe D’Urso Lands at Pretium Partners

September 21, 2016
Paul Muolo
Founded by former Goldman Sachs executive Donald Mullen, Pretium Partners bills itself as a specialized investment management firm with roughly $6.5 billion of assets under management.
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Mortgage Production is Booming but Reports Abound of Appraisers Cherry-Picking Assignments and Charging ‘Rush Fees’

September 21, 2016
Paul Muolo
One mortgage CEO who runs a California-based shop told IMF his firm recently was in a pinch and paid a $1,500 “rush fee” to an appraiser to get a deal done on time.
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Freddie Mac Predicts a 3Q16 Production Boom of $595 Billion

September 21, 2016
Brandon Ivey
Freddie expects originations to hit $2.0 trillion this year, a 14.3 percent sequential improvement…
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Nationstar Mortgage JV with KB Home to End; $1 Billion of Production in Limbo?

September 21, 2016
Paul Muolo
The privately held Stearns Lending is already “offering mortgage banking services” to the homebuilder’s customers…
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Judge Orders Govt. to Produce More GSE-Related Docs, Shows Signs of Frustration

September 21, 2016
Carisa Chappell
Margaret Sweeny, the judge presiding over the case, is growing increasingly frustrated with the government’s attempt to keep documents out of the public domain
Read More
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