Flagstar Admits TRID was a Problem; Originations Down 26 Percent in 4Q January 26, 2016 Paul Muolo Mortgages sold and securitized by Flagstar fell 29.4 percent. Read More
Credit Unions Not Happy With New Reporting Requirements Under HMDA January 26, 2016 Thomas Ressler Credit unions could incur an average cost of almost $9,600 to update their computer systems with the changes required by the CFPB…Read More
Short Takes: Flagstar’s Best Year Since 2003 / Depositories Not So Aggressive in Table Funding (Still) / Genworth’s Share Price Continues to Suffer / Arch Among Fast-Growing MI Firms / DB’s MBS Research Chief Departs January 26, 2016 Paul Muolo Flagstar is the largest depository remaining as a table funder of mortgages through loan brokers...Read More
MBS Liquidity Falls to a New Low… January 26, 2016 Paul Muolo As a structural matter, the bank is moving the operation from its “securitized products” group to “macro trading.”Read More
AIG Plans to Spin Off Top-Ranked MI in a Tough Market for Mortgage Stocks January 25, 2016 Paul Muolo A change of control of a mortgage insurance firm would need the approval of Fannie Mae or Freddie Mac...Read More
Short Takes: Quicken Taps Microsoft Executive for Strategy Post / Mortgage Technology Innovators? / NY and NJ a Problem for Freddie Mac / Stonegate Mortgage Hires SW Regional Manager January 25, 2016 Paul Muolo Besides Quicken, loanDepot has been mentioned as an innovator when it comes to new using new technologies...Read More
Third-Party Originators More Daring on Credit in 4Q15 January 25, 2016 John Bancroft Loan brokers were slightly more purchase-focused than retail lenders...Read More
Realtors Chime in About TRID Delays January 24, 2016 Thomas Ressler A Realtor in North Carolina noted, “Lenders do not communicate well with real estate agents…”Read More
Plunge in Oil Prices Causing Lenders to Tighten Underwriting? Hardly… January 23, 2016 Paul Muolo New foreclosure figures compiled by RealtyTrac suggest Texas and Oklahoma could be in for some minor bumps along the road.Read More
Freddie Unveils First NPL Auction of 2016: $1.6B of Loans Serviced by NSM; At Least $7.1B Queued Up? January 23, 2016 Paul Muolo The NPLs that Freddie Mac wants to sell currently are being serviced by Nationstar Mortgage.Read More
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