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Short Takes: Banks Get a Pass From the CFPB / Fannie Sells Special NPL Pool / The ‘Adverse’ Fee is Dead / Fair Housing Suits Revived / Things Not Looking Up for Genworth

September 2, 2015
Carisa Chappell, Brandon Ivey, and Paul Muolo
The CHLA noted that almost 99 percent of depositories are exempt from exams conducted by the Consumer Financial Protection Bureau.
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Thanks to TRID, Realtors are Altering Their Purchase Contracts; Longer Timelines

September 1, 2015
Thomas Ressler
Meanwhile, 37.0 percent of realtors indicated they have put together plans with their lender or title company to help even out the process...
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Continued Stock Market Swoon Could Spell More Refis

September 1, 2015
Paul Muolo
Moreover, one warehouse executive told IMFnews that he is beginning to get requests for increased capacity.
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M&T Settles Allegations That It Used ‘Neighborhood Racial Criteria’ for Mortgage Product

September 1, 2015
Brandon Ivey
M&T sought a dismissal of the lawsuit in April, claiming that its loan officers were acting based on legitimate, non-discriminatory reasons.
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Stearns Official Clarifies What Blackstone Will Do With Mortgage Units

September 1, 2015
When the Stearns announcement was made some of its competitors began speculating on what might happen to the acquisitions down the road.
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Short Takes: A New Round of Cost Cutting at Stonegate? / No, the White House is Not About to Settle Those ‘Takings’ Cases / Greed is (Still) Good / Lykken Goes Solo, Sort Of / Comergence Hires Giorello

September 1, 2015
Paul Muolo
Pershing Square and Perry Capital began loading up on GSE “junior” preferred two years ago, but not because they thought it was a great investment...
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HUD Extends Comment Period on Key Issue of ‘Certifications’

September 1, 2015
George Brooks
Some in the industry, including the MBA, feel the certification language lacks clarity...
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GSE Buyback Activity Slows Again in 2Q15; A New Low

August 31, 2015
John Bancroft
Almost 60 percent of the repurchases made in the first half of 2015 involved loans that were securitized by the GSEs in 2013 and 2014.
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CFPB’s ATR Rule Seen as Helping Increase Certainty for Lenders, But…

August 31, 2015
Brandon Ivey
The rating service predicted that in the coming months, more lenders will be willing to offer non-QMs that allow for debt-to-income ratios above 50 percent and credit scores as low as 620.
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Jim Cutillo out as CEO of Stonegate Mortgage; Maybe a Sale is the Solution?

August 31, 2015
Paul Muolo
In a statement, Stonegate said Cutillo will be “redirecting” his “entrepreneurial energy on a new endeavor going forward.”
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Latest Imf News

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