Ginnie SVP Drayne: Influx of Nonbanks Has Raised A Lot of Issues for the Agency May 23, 2016 John Bancroft “We also have to pay more attention to third-party financing and third-party document custodians that new issuers are relying on,” Drayne added.Read More
Single GSE Security, CSP Still on Target for 2-Stage Launch; The Cost Thus Far: $270 Million May 23, 2016 John Bancroft Although the CSS joint venture has a projected budget and multi-year budget plan, it is working with FHFA about when to release that information…Read More
CFPB Experts: Chances of Being Examined Rest in Complaint Portal, Data May 23, 2016 Paul Muolo Nonbanks primarily need to worry about being examined for lending, but the CFPB has its ears open to servicing complaints as well…Read More
IMA, MIAC Out with New Servicing Deals May 23, 2016 Paul Muolo With rates holding steady the past two weeks, more servicing auctions could come to market…Read More
Short Takes: So Much for the Quiet on TRID Complaints / Mortgage Lenders Lean Toward Trump? / The Last Squeezing of the HARP Grapes / Former Wells Exec Joins Fannie Mae Board May 23, 2016 Paul Muolo So, who will mortgage professionals vote for come the fall election? Trump or Clinton? Read More
The Love Affair Continues: Banks and MBS, Though the Big Boys Pull Back May 20, 2016 John Bancroft At $1.661 trillion, it’s a new record in terms of banks and MBS holdings…Read More
Conservative Groups (Surprisingly) Join the Fannie/Freddie Recap Bandwagon May 20, 2016 Carisa Chappell The groups stress that the conservatorships were intended to be a short-term measure to keep the GSEs solvent…Read More
FHFA OIG Lays Claim to $3.5 Billion in Recoveries May 20, 2016 Carisa Chappell The OIG’s investigations also include matters tied to loan origination and short sale fraud and even REO…Read More
Surprise: First-Time Homebuyers Finally Gain Market Share Despite Limited Inventory May 20, 2016 Brandon Ivey First-time buyers tend to target homes with lower prices, which have been in particularly short supply recently.Read More
What We’re Hearing: Let the TRID-Compliance Games Begin! / The Central Nervous System = CMS / And Don’t Forget a Parking Space for the CFPB! / JPM Now the Jumbo King / A New MSR Deal From IMA / Where Would the GSEs Be Without Their Legal Recoveries? May 20, 2016 Paul Muolo Helpful CFPB mortgage audit tip: Set aside a parking space for the visiting CFPB examiner(s) that says, “Welcome, CFPB…”Read More
RSS