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Investors Warn the CFPB About the Chilling Effect of the TRID Rule; Troubles May Extend to the Conforming Market

March 31, 2016
Brandon Ivey
The AMI chief warned that at some point the GSEs may decide to review TRID documentation and penalize lenders who made even small clerical errors in the disclosures.
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Short Takes: NAR Keeping Congress Informed on the TRID Mess / No Sign of Mortgage Standards Easing? / The Customer Count for Two MI Firms / CMG Signs on with Global DMS / New Penn Hires Former BofA Official

March 31, 2016
Paul Muolo and Brandon Ivey
Can (and will) Congress act to fix the TRID mess?
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UG Makes it Official, Files IPO; $916 Million in Earnings the Past Three Years

March 31, 2016
Paul Muolo
The MI industry’s future also hinges on Fannie and Freddie, which by statute must have MI coverage on the high loan-to-value ratio mortgages they buy.
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Home Equity Loans Down Ever So Slightly at Depositories

March 30, 2016
Brandon Ivey
Bank of America ranked second in home equity holdings with $125.69 billion.
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Non-QM Lending: A Niche Market Looking to Expand?

March 30, 2016
Brandon Ivey
Impac originated $132.4 million in non-QMs in 2015, including $50.8 million in the fourth quarter of the year. Citadel did even more...
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Want to Achieve TRID Compliance? First Meet These 150 Requirements…

March 30, 2016
Brandon Ivey
The SFIG draft includes details on potential cures for TRID violations.
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Huge Growth in Securitization of VA ‘Jumbos’

March 30, 2016
George Brooks
Wells Fargo delivered $5.03 billion of VA jumbo loans into Ginnie Mae pools in 2015, making it the leading securitizer in that segment.
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Short Takes: Who Will Show Up First on TRID Relief? Godot or Cordray? / A Potential to Shut Down the Mortgage Market? / Fannie’s Play in Energy Loans / DocMagic’s Launch / New Consumer Lending Chief for Ditech

March 30, 2016
Paul Muolo and Carisa Chappell
This same official also predicted that if TRID errors ever become an issue on Fannie Mae/Freddie Mac loans, the entire mortgage market would come to a halt...
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MBA Says Applications Fell Again, but Lenders Say 1Q16 Looking Decent

March 30, 2016
Paul Muolo
Jim Picard, vice president of Denali Home Loans in Alaska, said that so far this quarter, his firm’s volume is up almost 13 percent compared to the year ago period.
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Plan to Smooth Out TRID Errors Could See the Light of Day This Week

March 29, 2016
Brandon Ivey
The SFIG has circulated a draft proposal regarding a standardized approach...
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Latest Imf News

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Featured Data

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