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A Trickle of Jumbo Securitizations. Blame TRID?

April 26, 2016
Brandon Ivey
Pricing on the deal was good, but investor fears rule the day.
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Short Takes: Delinquencies Decline / Comment Deadline for Controversial Survey / New STACR Deal / Assurant Fills in on Flood Insurance

April 25, 2016
Thomas Ressler and Brandon Ivey
The delinquency rate declined by 8.4 percent in March compared with February and was down 12.4 percent on an annual basis.
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Fee on Lenders to Fund FHA Tech Upgrades Excluded from Appropriations Bill

April 25, 2016
George Brooks
The Mortgage Bankers hailed the bill for supporting a number of MBA priorities and for rejecting an administration proposal to fund FHA technology upgrades through a fee on lenders.
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Mortgage Warehouse Volume at Horizon Bancorp Declines in First Quarter, TRID Remains an Issue

April 25, 2016
Brandon Ivey
Craig Dwight, Horizon Bancorp’s chairman and CEO, indicated that the TRID mortgage disclosure rule had an impact on warehouse lending during the quarter.
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Growth in Servicing VA Mortgages Outpaces FHA; Nonbanks Take More Share

April 25, 2016
George Brooks
The nonbank share of the market for servicing mortgages in Gnnie Mae MBS increased from 35.05 percent at the end of the first quarter of 2015 to 46.73 percent at the end of the first quarter of 2016.
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Borrowers Like New TRID Forms, Even with Delays

April 25, 2016
Thomas Ressler
While most borrowers felt positive about the new forms, 63 percent said their experience with TRID prevented them from closing on their new homes within the desired timeframe.
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What We’re Hearing: Are Mortgage Loan Officers Overpaid? / Why the Mortgage Process is Complicated / Which is a Better Investment: Spending Money on LOs or Programmers? / A New Call Center on the Way? / Nationstar Compared to Ocwen and Walter

April 22, 2016
Paul Muolo
Then again, I’ve talked to recruiters who believe that good LOs are worth every nickel as long as they bring in the business.
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A Harbinger of Non-QM Lending to Come?

April 22, 2016
Brandon Ivey
Altavera chief Brian Simons said staffing requests suggest the industry is preparing for an increase in non-QM business.
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Non-Mortgage ABS Production Rebounds in Early 2016, But…

April 22, 2016
John Bancroft
Roughly $41.42 billion of non-mortgage ABS were issued in the first quarter, up 35.8 percent from the unusually low volume at the end of 2015.
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GAO Questions CFPB’s Ability to Enforce Nonbank Servicers

April 22, 2016
Thomas Ressler
The GAO says the consumer regulator lacks comprehensive statistics due to external data constraints, and collecting this information is challenging...
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