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FHA Loans Not Immune From the TRID-Anxiety Plague

January 20, 2016
George Brooks
Although the issues cited by lenders are not FHA issues per se, some firms are concerned that TRID-related uncertainties may cause problems for their FHA business...
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Nation’s Largest Subservicer Says ‘Fad’ of Hiring Overseas Mortgage Workers Has Passed

January 20, 2016
Paul Muolo
For some servicers, including Ocwen Financial, the math of outsourcing is simple: pay back-office workers the equivalent of $2 an hour when their U.S. counterparts can earn at least five times that.
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Mortgage Trade Group Urges CFPB to Require Universal Loan Officer Test

January 20, 2016
Thomas Ressler
Nonbanks don't like the idea that bank LOs can avoid passing a test...
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Impac Re-Hires Pre-Crisis Chief Credit Officer to Boost Originations of Non-QMs

January 20, 2016
Brandon Ivey
Impac is working to increase originations of non-QMs as part of an effort to mitigate against reduced refinance volumes.
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A Secondary Market Develops for Loans With TRID Errors; 90 Cents on the Dollar?

January 20, 2016
Paul Muolo
“We’re seeing a lot of TRID flow right now,” said Rob Smialek, senior vice president of capital markets for Rincon Mortgage Trading.
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Short Takes: The 52-Week Low Club Welcomes Ocwen, Stonegate, More… / What Ocwen Needs to Tell Investors / Fannie and Freddie Common Suffer as Well / A Sliding 10-Year Means More Refis?

January 20, 2016
Paul Muolo
Ocwen, in particular, will need to tell investors exactly how they plan to become a top-10 originator, something that seems like a long shot right now...
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Redwood Trust Cuts 25 Percent of Workforce, Quits GSE Loan Acquisitions

January 20, 2016
Paul Muolo
Rumors of a large layoff at Redwood first broke Monday...
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First Republic the Top Jumbo MBS Contributor, Quicken No. 2

January 19, 2016
Brandon Ivey
Jumbo MBS issuers are not required to identify lenders that contribute less than 5.0 percent of the loans to any particular deal.
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Survey of Real Estate Agents Will Provide Details on the Changing Nature of Lender Referrals

January 19, 2016
Brandon Ivey
Where Realtors were once the first source of information for homebuyers, increasingly independent mortgage lenders are attempting to provide leads on homes for sale and more...
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Mortgage Production Just About Flat at BofA in 4Q15; Residential Profits Down 35 Percent

January 19, 2016
Paul Muolo
The mega banked earned $133 million from home lending and servicing in the fourth quarter, a 35 percent decline from 3Q15.
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