Origination of Reverse Mortgages Continues to Grow; Banks on the Sidelines December 31, 2015 George Brooks Commercial banks continue to avoid the reverse mortgage market like the plague.Read More
Nationstar Registers $498.5 Million of Debt Securities with the SEC December 31, 2015 Paul Muolo Nationstar Mortgage is laying the ground work for a huge debt sale. But what will it use the money for?Read More
Non-QM Trouble Ahead: Why Some Lenders Avoid the Empire State December 31, 2015 Brandon Ivey Eric Morgenson, a sales manager at Angel Oak, said the lender’s main concern involves New York's foreclosure timelinesRead More
PennyMac Registers Shares for Sale; Potential Sellers Include CEO Kurland, BlackRock, Others… December 31, 2015 Paul Muolo If Kurland sells all of the shares he registered, it will leave him with 424,025, making him (still) the largest individual shareholder in the publicly traded REIT.Read More
In the New Year, Look for Rule Changes from the VA on Fees, Appraisers, More… December 31, 2015 George Brooks One proposed rule would establish reasonable fees that VA lenders may charge in connection with the origination and servicing of loans.Read More
Short Takes: The ‘Biggest’ Mortgage Stories of 2015? A Subject Ranking, for Sure / But Here’s the List: Strong Origination Volumes; TRID, Nonbanks, FHA Loan Volumes, No GSE Reform, Blackstone’s Mortgage Growth… December 31, 2015 Paul Muolo The biggest mortgage story of 2015? How about origination volumes being a lot better than anyone dreamed of?Read More
The Largest Investor in GSE Common (Pershing Square) Still Seems Bullish, but… December 30, 2015 Paul Muolo Over the past year, the share price of GSE common has tanked, at least on a percentage basis.Read More
CFPB Issues TRID ‘Clarifying’ Letter; GSEs Won’t Conduct ‘Routine’ Post Purchase Reviews December 30, 2015 Thomas Ressler The CFPB letter is aimed at preventing the secondary mortgage market from getting clogged up... Read More
SEC Faults Larger Rating Services for Issues Tied to Reviews on Non-Agency MBS December 30, 2015 Brandon Ivey The SEC recommends that the rating service in question establish and maintain effective internal controls and more… Read More
Short Takes: The loanDepot IPO Could Happen in 2016 / Just Because the CFPB Issues a Letter That Doesn’t Mean Some Lawyer Somewhere Won’t Sue / FA: Fraud Risk Rises in FL / Radian Becomes PMIER Compliant December 30, 2015 Carisa Chappell, Brandon Ivey, and Paul Muolo Now that the Consumer Financial Protection Bureau has issued a “clarifying” letter on TRID errors, all is well, right? Not necessarily...Read More