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Short Takes: Do the GSEs and Ginnie Know About WJB? / 500 Employees / The WJB-RPM LO Case / Angel Oak Rolls Out New Product / EverBank Sells Debt

March 15, 2016
Paul Muolo
At last check, W.J. Bradley employed roughly 500 workers...
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HUD Codifies Final Loan-Level Certification Rule

March 15, 2016
George Brooks
But does this mean the HUD Inspector General and Department of Justice will ease up on suing lenders?
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TRID a Factor in Certain Banks Increasing Their Whole Loan Portfolios

March 14, 2016
Brandon Ivey
John Shrewsberry, a senior vice president at Wells Fargo, said the bank has focused on adding jumbo mortgages to its portfolio. “They are very safe loans,” he said. “I think we’ve got four basis points of loss coming through that portfolio.”
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FHA, VA Call for Forbearance in Flint, MI, Over the Water Contamination Crisis

March 14, 2016
George Brooks
HUD’s Single Family Policy Handbook authorizes lenders to order testing or remediation to ensure that the property’s public-water supply has acceptable levels of contaminants.
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The TRID Mess Continues: Due Diligence Firms Try a Legal End Run Against a Reluctant CFPB

March 14, 2016
Paul Muolo
One executive who’s involved with the working group said the new guidance from the due diligence firms will help the rating agencies identify "material" risk...
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New Player in Servicing Sales MorVest Capital Hires National Sales Director

March 14, 2016
Paul Muolo
MorVest has represented only sellers of mortgage servicing rights, but that may change...
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Rising Share Price Effects Nationstar’s Stock Repurchase Program

March 14, 2016
Paul Muolo
When the nonbank first unveiled the stock buy-back program, its shares were trading at $8.61.
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Short Takes: The Moving of a Subservicing Contract / GOS on the Rise in 1Q16 / Don’t Worry About Oil Prices and Mortgage Losses / CFPB Considers Rural Definitions / Altisource Gains Two Large Bank Clients

March 14, 2016
Brandon Ivey and Paul Muolo
Good news for mortgage bankers: gain-on-sale profit margins are on the rise.
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Banks Continue Their Retreat from Non-Mortgage ABS

March 11, 2016
John Bancroft
The supply of outstanding ABS itself fell slightly in the fourth quarter, down 2.3 percent to $704.91 billion...
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The Biggest Problem with Reviving the Non-Agency Market: Lack of Demand

March 11, 2016
Brandon Ivey
Matthew Tomiak, a managing director at Redwood Trust, said investors occasionally request that Redwood issue publicly-registered jumbo MBS.
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Latest Imf News

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  • MBA Economist Still Sees Interest Rates Staying Above 6.0%

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More Imf News

Featured Data

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More Featured Data

Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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