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How to Beat TRID in the MBS Sector: Issue Securities Backed by Investment Properties

April 20, 2016
Brandon Ivey
Investors take note: The collateral has a current interest rate of 8.15 percent.
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It was Thought the TRID ‘Scratch & Dent Market’ Would Peter Out. It Hasn’t

April 20, 2016
Paul Muolo
To date, Mid America has bought roughly $115 million worth of product with TRID errors...
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Mortgage Complaints Down Across the Board – According to the CFPB

April 20, 2016
Thomas Ressler
Wells Fargo was the subject of more mortgage complaints than any other player in the sector. Then again, Wells is both the largest lender and servicer.
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Short Takes: All in the Mortgage Family / Can Ditech’s TPO Strategy Work? / The Megabanks Feeling Less Love for GSE Loans? / 38,865 Fannie Mae Shareholders / FRB Sets 1Q Production Record

April 20, 2016
Brandon Ivey and Paul Muolo
Would you lend money to your relatives? One mortgage firm has made it a business model...
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If the CFPB Loses the PHH Case, Congress and the White House Will Have to Fix the Agency

April 19, 2016
Paul Muolo
One point of contention is the CFPB’s legal status – the fact that it’s a single agency headed by a single person...
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Mortgage Websites Get the Thumbs Down from Realtors on Customer Leads

April 19, 2016
Brandon Ivey
Researcher Tom Popik said lenders may be missing opportunities to leverage strong homebuyer contacts acquired through the mortgage preapproval process.
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Senate Banking Chair Wants GAO and CBO to Investigate Change in Course at the FHFA

April 19, 2016
Brandon Ivey
Shelby noted that Congress “has a responsibility to conduct proper oversight” over the FHFA and the GSEs.
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GOP Votes to Subject CFPB to Congressional Budget Process

April 19, 2016
Thomas Ressler
The American Bankers Association said it “strongly supports the principle of accountability and balance, and commends the sponsor of this measure for working to improve the accountability of the bureau.”
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New Disclosures Cast Doubt on Salability of PHH Mortgage

April 19, 2016
Paul Muolo
The new disclosures have forced PHH to withdraw previous earnings guidance where it estimated a slight profit or breakeven for 2016.
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Short Takes: Wells Fargo Stays the Course on FHA / But FHA Production Drops / A Large MSR Auction from Prestwick / A FHLB Deal from Phoenix / New Hires for New Penn and Ellie Mae

April 19, 2016
Paul Muolo
Wells Fargo spokesman Tom Goyda called FHA lending an “important tool” for the bank.
Read More
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Latest Imf News

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