Redwood: We Have to be Out in Five Years but Our Loans Last 9.5 Years January 14, 2016 Paul Muolo On Thursday, Redwood’s stock was trading for $12.41, just pennies above its 52-week low of $12.31...Read More
Smooth Sailing Ahead for New Breed of ‘Alternative Doc’ Mortgages? January 13, 2016 Brandon Ivey Alternative-documentation verification in the current market typically includes a review of bank statements, W2s, pay stubs, assets and more...Read More
MountainView, IMA Out With New MSR Deals January 13, 2016 Paul Muolo The $3.02 billion of Ginnie Mae rights that IMA is selling are presently being subserviced by LoanCare Servicing, Virginia Beach, VA.Read More
Complaints Filed with the CFPB Down Sharply in 4Q15, but… January 13, 2016 Thomas Ressler In the home mortgage sector, complaints dropped both quarterly and annually.Read More
Short Takes: We Don’t Need No Stinkin’ FICO Scores / Will TRID Hurt Earnings? / TRID was a ‘Blip’ on the Radar at RPM / More NPL Sales by Fannie / Stonegate Exec Departs for Ditech January 13, 2016 Paul Muolo Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."Read More
The TRID Compliance Mess Continues: a 100 Percent Rejection Rate by One Investor January 13, 2016 Paul Muolo A 100 percent rejection rate? That's a problem...Read More
‘Risk Fee’ or No Fee: Different Approaches for Fannie and Freddie January 13, 2016 Carisa Chappell In the past, some lenders have complained about forced buybacks because of loan defects even when a mortgage is current.Read More
Short Takes: FHFA to Industry: Thanks for Your 400 Comments, but No / Mortgage REITs are Not Happy / IMA Selling $3B in Ginnie MSRs / Schneider’s Salary Revealed / Executive Leaves Altisource for Altavera January 12, 2016 Paul Muolo In other words, the regulation to ban captives from entering the system moved forward despite overwhelming industry opposition… Read More
RoundPoint President Dave Worrall Departs; Servicer Still Open to Offers? January 12, 2016 Paul Muolo At one point, PIMCO had been eyeing RoundPoint, sources told IMFnews...Read More
It’s Official: FHFA Bans ‘Captives’ From FHLB System; $35 Billion in Advances Must Go – Eventually January 12, 2016 Paul Muolo and Carisa Chappell REITs have gained access to the FHLB discount window with the goal of leveraging their investments in both MBS and servicing rights. Read More
RSS