Merrill Lynch Tells PHH to Take a Hike on Private-Label Contracts; Stock Clobbered April 11, 2016 Paul Muolo PHH isn't saying much on the touchy subject of Merrill Lynch at this time...Read More
Short Takes: The ‘Banksters’ Aren’t Going to Jail But They Are Paying Through the Nose (Goldman Sachs) / CFPB Chief Cordray Tries to Clear the Air on TRID ‘Cures’ / Nation’s Largest Mortgage REIT to Buy Another / Two New Directors for Fannie Mae April 11, 2016 Paul Muolo and Brandon Ivey Associate Attorney General Stuart Delery: “This resolution holds Goldman Sachs accountable for its serious misconduct..."Read More
Ginnie Mae Market Slumped in 1Q16, But... April 11, 2016 John Bancroft Early 2016 was the slowest market in a year for Ginnie MBS production...Read More
Lending Home Claims to be the Largest ‘Marketplace’ Lender in Mortgages April 11, 2016 Brandon Ivey Marketplace lenders connect borrowers with institutional and individual investors while eschewing traditional warehouse lines of credit...Read More
Fifth Third’s HELOC Deal: a 1.99 Percent Start Rate; High FICOs Though April 11, 2016 Brandon Ivey The bank offers HELOC line amounts up to $500,000 and a maximum loan-to-value ratio of 70.0 percent.Read More
Monday Morning Shocker: Merrill Lynch Tells PHH to Take a Hike on Private Label Originations – and Servicing April 11, 2016 Paul Muolo Big trouble for PHH? Its stock is getting clocked.Read More
Wells Fargo Settles FHA Claims for $1.2 Billion; Who’s Next? April 11, 2016 Paul Muolo As recently as this past summer, there was talk in the industry that Wells Fargo might counter-sue the government... Read More
Wells Fargo Agrees to Pay U.S. Record $1.2 Billion to Settle Allegations of FHA Fraud April 9, 2016 Paul Muolo As recently as this past summer, there was talk in the industry that Wells Fargo might counter-sue the government...Read More
What We’re Hearing: Hot Commodities: Mortgage Call Centers? / Morningstar Says Chillax on TRID / MBA’s Chief Dave Stevens: It’s Not Just ‘Bellyaching’ / Do or Die Time For Ocwen? / Carol Galante Will Earn How Much at Ocwen? / Casey Crawford Scores, Again April 8, 2016 Paul Muolo The mortgage industry is still demanding “formal” guidance from the CFPB on TRID and will accept nothing less.Read More
Preserve Fannie and Freddie Somehow? Okay, but What About Expanding the Credit Box? April 8, 2016 Carisa Chappell What's the right answer to the GSE "problem"? A new Congress and White House will have to decide...Read More
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