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CFPB May Review Lender-Paid Mortgage Insurance

May 20, 2015
Paul Muolo
One source said the CFPB is even reaching out to former MI officials to assist it in its review.
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TRID to Heighten Odds of Losses in U.S. RMBS, Moody’s Says

May 20, 2015
Thomas Ressler
Mortgages with uncured TRID violations will have higher losses if they default, owing to the potential for increased legal costs and damages, said Moody's.
Read More

Dave Hisey Out as EVP of Nationstar Mortgage

May 20, 2015
Paul Muolo
Investors have been unhappy with Nationstar’s stock performance the past year and want a clearer picture of where the firm is headed.
Read More

FHFA IG Worries About Nonbank Risk (Again), Cyber Attacks, More

May 20, 2015
Paul Muolo
In response to its anxiety, the Inspector General plans a series of audits that will study the risks posed by an increasing volume of nonbank loan sales.
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Congress Ponders Streamlining, Merging Rural Housing Service into FHA

May 20, 2015
George Brooks
“The process of dealing with RHS is a nightmare,” said Rep. Blaine Luetkemeyer, R-MO, vice chairman of the committee.
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Short Takes: Final Capital Standards from the FHFA Arrive / Nationstar Not Worrying / Leveraging Employees (Overseas Too) / Loan Officer Demand Red Hot? / Auction.com Branches Out

May 20, 2015
Paul Muolo
Among those nonbanks not losing too much sleep over the FHFA proposal is Nationstar Mortgage.
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Short Takes: Nationstar to Launch Xome / Fortress Controls 66 Percent of NSM / Hedge Funds Invest in Private Money Lenders / FGMC Posts Nice Origination Gain / Foreclosure Law Firm Goes Bust

May 19, 2015
Paul Muolo
First Guaranty Mortgage Corp., Frederick, MD, originated $940 million of home mortgages in the first quarter, a 48 percent jump from the same period a year earlier.
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The Latest Word From the CFPB’s Cordray on TRID: August 1, No ‘Soft’ Enforcement?

May 19, 2015
Thomas Ressler
The CFPB also disputed the notion that the Aug. 1 effective date comes at a bad time on the closing calendar...
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Wells, Ocwen, Others Agree to Register and Maintain Vacant Properties in New York

May 19, 2015
Brandon Ivey
Under existing New York law, mortgage companies aren’t required to maintain vacant properties until they receive a judgment of foreclosure...
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FHA Premium Cut Helped Fuel 1Q Jump in Government Lending; Quicken #1 Again

May 19, 2015
George Brooks
Quicken once again ranked first among all FHA lenders, funding $2.46 billion during 1Q, more than double the volume of its closest competitor, Wells Fargo.
Read More
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Latest Imf News

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Featured Data

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