Lending Home Claims to be the Largest ‘Marketplace’ Lender in Mortgages April 11, 2016 Brandon Ivey Marketplace lenders connect borrowers with institutional and individual investors while eschewing traditional warehouse lines of credit...Read More
Fifth Third’s HELOC Deal: a 1.99 Percent Start Rate; High FICOs Though April 11, 2016 Brandon Ivey The bank offers HELOC line amounts up to $500,000 and a maximum loan-to-value ratio of 70.0 percent.Read More
Merrill Lynch Tells PHH to Take a Hike on Private-Label Contracts; Stock Clobbered April 11, 2016 Paul Muolo PHH isn't saying much on the touchy subject of Merrill Lynch at this time...Read More
Short Takes: The ‘Banksters’ Aren’t Going to Jail But They Are Paying Through the Nose (Goldman Sachs) / CFPB Chief Cordray Tries to Clear the Air on TRID ‘Cures’ / Nation’s Largest Mortgage REIT to Buy Another / Two New Directors for Fannie Mae April 11, 2016 Brandon Ivey and Paul Muolo Associate Attorney General Stuart Delery: “This resolution holds Goldman Sachs accountable for its serious misconduct..."Read More
Wells Fargo Agrees to Pay U.S. Record $1.2 Billion to Settle Allegations of FHA Fraud April 9, 2016 Paul Muolo As recently as this past summer, there was talk in the industry that Wells Fargo might counter-sue the government...Read More
Non-Mortgage ABS Up Almost 30 Percent From 4Q15, But… April 8, 2016 John Bancroft In 1Q, the residential MBS sector was down 7.1 percent from 4Q15 with $277.05 billion in new issuance. It was the lowest output since the second quarter of 2014...Read More
New Study: Realtors Like the ‘Call Center’ Lending Model April 8, 2016 Brandon Ivey Of course, Quicken isn't the only lender that uses call centers to produce retail loans...Read More
Preserve Fannie and Freddie Somehow? Okay, but What About Expanding the Credit Box? April 8, 2016 Carisa Chappell What's the right answer to the GSE "problem"? A new Congress and White House will have to decide...Read More
Blackstone May Take its SFR Platform, Invitation Homes, Public April 8, 2016 Paul Muolo Blackstone’s SFR unit, Invitation Homes, appears to be the market leader with 50,000 rental units nationwide. Read More
What We’re Hearing: Hot Commodities: Mortgage Call Centers? / Morningstar Says Chillax on TRID / MBA’s Chief Dave Stevens: It’s Not Just ‘Bellyaching’ / Do or Die Time For Ocwen? / Carol Galante Will Earn How Much at Ocwen? / Casey Crawford Scores, Again April 8, 2016 Paul Muolo The mortgage industry is still demanding “formal” guidance from the CFPB on TRID and will accept nothing less.Read More
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