Short Takes: W.J. Bradley Vendor Owed Money / The TRID Error Options Are… / loanDepot Teams Up with Avant / Loan Mods Slow / Primary Capital Hires SVP March 22, 2016 Brandon Ivey and Paul Muolo What does a depository do if it has a mortgage with a TRID error?Read More
GSE Seller Buybacks Fall to Record Low in Late 2015 March 21, 2016 John Bancroft The improved R&W framework has been a big plus for GSE sellers...Read More
Due Diligence Firms Draft Proposal with Standardized Approach to Grading Mortgages Subject to TRID March 21, 2016 Brandon Ivey SFIG noted that the proposal won’t supplant the group’s efforts to pursue a resolution from the CFPB to uncertainty related to TRID exceptions.Read More
Former Fannie Mae CFO Howard Criticizes Economics of GSE Risk-Sharing Deals March 21, 2016 Carisa Chappell Former Fannie CFO Howard said this leaves the government-controlled mortgage giant to pay about $7 billion over the next 10 years in premiums and hedging costs.Read More
$6.19 Billion of GSE Servicing Rights Hit the Auction Block March 21, 2016 Paul Muolo With rates rising of late, MSR pricing should firm up...Read More
Spring is Here – and Mortgage Loan Officers are in Demand March 21, 2016 Paul Muolo With commercial banks continuing to pare back their role in the mortgage market, nonbanks are aggressively hiring top performers.Read More
Short Takes: Existing Home Sales – Blame it on the Blizzard and More / Lean Inventories a Problem / A Job Offer Almost Every Day / SoFi: So Little Information on its Loan Volumes / Second Liens Rising March 21, 2016 Paul Muolo The mortgage chiefs at “marketplace” lender SoFi were at the recent ABS Vegas show talking up their business with other lenders...Read More
MBS Inventory Creeped Higher in Late 2015, No Shortage of Investors March 18, 2016 John Bancroft There are two sides to the story. A year from now, the agency MBS market could reach the $6.0 trillion mark...Read More
Trouble in Appraisals? FHA and VA Valuations Often Miss the Mark March 18, 2016 Brandon Ivey A Realtor based in California noted that selling prices are generally increasing, but at widely disparate rates based on location...Read More
Why Sell Your Home When You Can ‘Trade’ It? March 18, 2016 Carisa Chappell There is, however, a 0 to 6 percent fee...Read More