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JPM Suffers a 23 Percent Decline in Residential Lending, but Megabank Continues to Hoard Loans for Balance Sheet

January 14, 2016
Paul Muolo
At yearend, JPM held $157.1 billion of what it calls “prime mortgages” (including option ARMs), a stunning 48 percent increase over the past 12 months.
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Real Estate Values in Colorado Head North. The Marijuana Effect?

January 14, 2016
Sherry Muolo
Has the marijuana trade bolstered home values in the Rocky Mountain state?
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Short Takes: Another Refi Boom in the Works? It Sounds Crazy But… / Watch the Stocks / A 3.75 Percent 30-year FRM? / BankUnited Kills Retail Home Lending / Weitz Sticks With Redwood Trust / A Correction

January 14, 2016
Brandon Ivey and Paul Muolo
Yet another funder has pulled the plug on traditional retail mortgage lending, but will remain a correspondent buyer...
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The TRID Compliance Mess Continues: a 100 Percent Rejection Rate by One Investor

January 13, 2016
Paul Muolo
A 100 percent rejection rate? That's a problem...
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‘Risk Fee’ or No Fee: Different Approaches for Fannie and Freddie

January 13, 2016
Carisa Chappell
In the past, some lenders have complained about forced buybacks because of loan defects even when a mortgage is current.
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Smooth Sailing Ahead for New Breed of ‘Alternative Doc’ Mortgages?

January 13, 2016
Brandon Ivey
Alternative-documentation verification in the current market typically includes a review of bank statements, W2s, pay stubs, assets and more...
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MountainView, IMA Out With New MSR Deals

January 13, 2016
Paul Muolo
The $3.02 billion of Ginnie Mae rights that IMA is selling are presently being subserviced by LoanCare Servicing, Virginia Beach, VA.
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Complaints Filed with the CFPB Down Sharply in 4Q15, but…

January 13, 2016
Thomas Ressler
In the home mortgage sector, complaints dropped both quarterly and annually.
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Short Takes: We Don’t Need No Stinkin’ FICO Scores / Will TRID Hurt Earnings? / TRID was a ‘Blip’ on the Radar at RPM / More NPL Sales by Fannie / Stonegate Exec Departs for Ditech

January 13, 2016
Paul Muolo
Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."
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Short Takes: FHFA to Industry: Thanks for Your 400 Comments, but No / Mortgage REITs are Not Happy / IMA Selling $3B in Ginnie MSRs / Schneider’s Salary Revealed / Executive Leaves Altisource for Altavera

January 12, 2016
Paul Muolo
In other words, the regulation to ban captives from entering the system moved forward despite overwhelming industry opposition…
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Latest Imf News

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