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Consultant Floats Idea: Make Loan Officers Pay for Compliance Costs

April 6, 2016
Paul Muolo
The consultant has seen compliance costs rise, but without a commensurate cut in LO commissions...
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Industry Braces for CFPB’s Investigation of Loan Officer Compensation

April 6, 2016
Thomas Ressler
“We’ve heard recently that CFPB Director Richard Cordray expects to continue to use enforcement actions to shape policy,” said attorney Kris Kully.
Read More

$128 Billion of GSE Loans Didn’t Meet the QM Test. The ‘Patch’ Saves the Day

April 5, 2016
John Bancroft
This so-called agency “patch” was set up to last for seven years, or until 2021...
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Nonprime Lender Citadel Intentionally Cuts Production Because of TRID

April 5, 2016
Paul Muolo
Citadel's pipeline is at roughly $150 million.
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Former FTC Official: CFPB Rules Have Driven Small Banks out of the Mortgage Business

April 5, 2016
Thomas Ressler
By imposing a one-size-fits-all mechanical underwriting system for mortgages, the QM rule has deprived community banks of a significant competitive advantage over megabanks, he argued…
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Short Takes: Jumbo MBS Ugly in 1Q16 / More TRID Nightmare Talk / CSS is Hiring / Marketplace Mortgage Continue Expansion / New Hires for WFG

April 5, 2016
Paul Muolo and Brandon Ivey
CSS, a joint venture of Fannie Mae and Freddie Mac, is hiring at its main site in Bethesda, MD, as well as its office in Pasadena, CA.
Read More

The Shifting Sands of Subservicing: Growth for Cenlar; Ocwen Loses Big

April 4, 2016
Paul Muolo
At yearend, Cenlar ranked first in subservicing contracts...
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GAO Suggests Congress Give the CFPB More Power. What?

April 4, 2016
Thomas Ressler
Give the CFPB even more power? The GOP likely would not stand for such a thing...
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Short Takes: 20 From WJB Land at Supreme / Bad Timing? / Joe Garrett Wants to Hold a CFPB Contest / The State of the TRID Scratch-and-Dent Market / GM&C Hires Former Fannie Mae Veteran

April 4, 2016
Paul Muolo
We also heard one report that earlier in the year a large production group from a competitor jumped ship and joined WJB in January.
Read More

JPMorgan Cuts Back in Another Government Mortgage Program – RHS; Freedom the Buyer

April 4, 2016
Paul Muolo
A few years ago JPM stopped funding RHS mortgages through loan brokers.
Read More
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Latest Imf News

  • Agency MBS Issuance Declines in October

  • loanDepot Losses Tick Up in 3Q

  • Former Ginnie Leaders Call for Liquidity Backstops

  • Jumbo Borrowers Need to Reset Rate Expectations

More Imf News

Featured Data

  • Top Ginnie Servicers Increase Portfolios in Third Quarter

  • Major Lenders Pull Back on ECM MBS in 3Q

  • Resets Drive CLO/CDO Issuance Higher in 3Q

  • Originations Tumble 16% in Third Quarter

More Featured Data

Featured Reports

  • Mortgage Profitability Report 2Q26 (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Lender Profiles 2Q26: Top 25 (PDF)

More Latest Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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