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Ocwen Faulted for Noncompliant Processes Involving Force-Placed Insurance; Hold on Foreclosures Removed

September 8, 2016
Brandon Ivey
Ocwen had a 24.2 percent error rate on a metric involving the timeliness of force-placed insurance notices, well above the 5.0 percent error rate allowed under the settlement…
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Surge in Purchase-Mortgage Lending Fueled 2Q16 Production Boom

September 8, 2016
John Bancroft
-The average credit score for purchase mortgages securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter was 722.8, down a few points from the first quarter.
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Quicken Sets New Monthly Origination Record, but…

September 7, 2016
Paul Muolo
JPM, though, relies heavily on correspondent loan purchases to gather loans while Quicken bills itself as a direct-to-consumer/retail lender.
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Short Takes: A New Production Milestone for Citadel / Other Nonprime Funders / FBR Feels Quite Bullish About 2016 / A Focus on Mortgage-Centric Depositories / And the NPL Winners Are…

September 7, 2016
Paul Muolo
FBR & Co. raised its estimate on residential loan production for 2016: $1.90 trillion for 2016...
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CFPB Examinations of Nonbank Mortgage Lenders Spike 220 Percent

September 7, 2016
Thomas Ressler
For depositories, the data generally show more overall scrutiny from the CFPB as well…
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Lone Star to Issue Largest Post-Crisis MBS Backed by Nonprime. Caliber the Lead Originator

September 7, 2016
Brandon Ivey
Almost 53 percent of the loans in the bond are non-qualified mortgages and many of the rest are higher-priced QMs…
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Title Agents Respond to TRID Tweaks – and the Comments Aren’t Pretty

September 6, 2016
Thomas Ressler
One agent noted: “Consumers around the country continue to receive inaccurate information at the closing table about their title insurance costs...”
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Bank MSR Holdings Fall Below $4 Trillion. Is $3 Trillion Next?

September 6, 2016
John Bancroft
Only two of the top 10 banks as ranked by “servicing for others” have been in growth mode: PNC Bank and SunTrust.
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Short Takes: More Origination Records for Lenders? / An MSR Offering From Phoenix / A Broker Comp Problem? / Ellie Share Price Remains Sweet / A New Hire for StoneHill

September 6, 2016
Paul Muolo
Mortgage software vendor Ellie Mae has a current market capitalization rate of $3.31 billion...
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Incenter Mortgage Advisors Completes Trade of $8.87B Ginnie MSR Package

September 6, 2016
Paul Muolo
IMA’s Piercy noted that deals can get done – as long as the seller is realistic about pricing.
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Latest Imf News

  • Servicing Portfolios Decline at Rocket, Chase in 3Q

  • Onity Adjusting MSR Acquisition Strategy, Subservicing

  • Ending GSE Conservatorship by 2028 Looks Unlikely

  • Consumer Advocates Seek Stronger Regulation of HEIs

More Imf News

Featured Data

  • Top Ginnie Servicers Increase Portfolios in Third Quarter

  • Major Lenders Pull Back on ECM MBS in 3Q

  • Resets Drive CLO/CDO Issuance Higher in 3Q

  • Originations Tumble 16% in Third Quarter

More Featured Data

Featured Reports

  • Mortgage Profitability Report 2Q26 (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Lender Profiles 2Q26: Top 25 (PDF)

More Latest Reports

Featured Poll

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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