Mortgage Brokers Upset with How CFPB Handled Small Business Panel for LO Comp Rule August 11, 2016 Brandon Ivey Several mortgage brokers believe their industry wasn’t well represented on the panel…Read More
Relationship with Fannie CEO at Heart of Decision to Fire Fifth Third General Counsel. So Far, Industry Questions Bank’s Decision August 11, 2016 Paul Muolo According to figures compiled by Inside The GSEs, Fifth Third doesn’t even rank among Fannie’s 40 largest customers and sells almost 70 percent of his home mortgages to Freddie Mac, based on July data.Read More
New MI Has a Stellar Spring, Setting New Business Records in a Booming Market August 11, 2016 John Bancroft All seven of the nation’s active MIs reported hefty increases in flow volume…Read More
The CFPB Unveils its Final Servicing Rule and the Industry Groans August 11, 2016 Brandon Ivey Most of the new requirements under the CFPB servicing rule will take effect in a year…Read More
Short Takes: Brokers are Hot, Bankers Not So Much / Help Wanted: Senior Mortgage Execs / Flagstar Boosting Retail / The Cost Savings From Closing a Jumbo Conduit / New NPL Auction from Fannie Mae August 10, 2016 Paul Muolo and Brandon Ivey Senior-level mortgage executives are in demand these days, according to one recruiter... Read More
S&P Upgrades Ocwen’s Servicer Ratings, Removing the Threat of a Non-Agency Servicing Transfer August 10, 2016 Brandon Ivey S&P said the upgrade was prompted by improvements to Ocwen’s “control environment,” among other items…Read More
It’s Summer Vacation Time, but Mortgage Applications are Going Strong August 10, 2016 Sherry Muolo The VA share of new loan applications improved to 13.0 percent from 12.1 percent the week prior.Read More
Loan Broker Employment Best Since the Financial Crisis August 10, 2016 Paul Muolo UWM is beginning to see some of its competitors pick up their game...Read More
GSE Credit Box Hardly Budged in 2Q16 August 10, 2016 John Bancroft The share of refi loans with scores of 740 or higher edged up from 57.8 percent in the first quarter to 61.6 percent in the second.Read More
Megabanks the Big Winners as Jumbo Conduits Close? August 10, 2016 Paul Muolo The fear is that loan pricing will be worse and loan-to-value ratios will be more restrictive.Read More
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