The Shifting Sands of Subservicing: Growth for Cenlar; Ocwen Loses Big April 4, 2016 Paul Muolo At yearend, Cenlar ranked first in subservicing contracts...Read More
Final Tally: Bank Loan Sales Fell in 4Q16; A Weak Year Overall April 4, 2016 John Bancroft The link between loan sales and mortgage-banking income can be squishy…Read More
Congress Opens Doors to Ranieri/Zandi & Co. Plan April 4, 2016 Paul Muolo Of course, just because five industry vets have issued a white paper, that doesn’t mean it can readily yield into legislation.Read More
Jumbo MBS Market Remains Attractive – For Some April 4, 2016 Brandon Ivey Redwood Trust, another REIT, hasn’t issued a jumbo MBS since November...Read More
JPMorgan Cuts Back in Another Government Mortgage Program – RHS; Freedom the Buyer April 4, 2016 Paul Muolo A few years ago JPM stopped funding RHS mortgages through loan brokers.Read More
Mortgage Banking Jobs Take it on the Chin in February April 4, 2016 Paul Muolo Although BLS reported declines, recent interviews conducted by IMFnews suggest that some nondepositories are in a hiring mode this spring, especially for retail loan officers.Read More
What We’re Hearing: Cordray Caves, Issues Formal Guidance on TRID Errors / Is the CFPB In Over Its Skis? / WJB Mortgage Keeps Rincon Busy / Rep. Hensarling Promises the GOP Will Do Something About Dodd-Frank / Marketplace Home Mortgage Continues Expansion April 1, 2016 Paul Muolo How many more of W.J. Bradley's TRID-error loans will be sold in the scratch-and-dent market? Read More
96 Million Potential Mortgage Customers? (Hint: They’re Renters) April 1, 2016 Brandon Ivey The HFPC found that 63.8 million adults – 52 percent of renters in the country – don’t have a high enough credit score to qualify.Read More
Surprise: OCC Cuts Disclosures of Key Mortgage Servicing Data at Banks April 1, 2016 Brandon Ivey Fact: The Mortgage Metrics report for the third quarter of 2015 was 66 pages while the most recent issue was slashed to just 14 pages.Read More
UG Makes it Official, Files IPO; $916 Million in Earnings the Past Three Years March 31, 2016 Paul Muolo The MI industry’s future also hinges on Fannie and Freddie, which by statute must have MI coverage on the high loan-to-value ratio mortgages they buy.Read More