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Treasury Responds to Sen. Grassley on PSPAs, Transparency of Conservatorship Decisions

April 23, 2015
Carisa Chappell
Most of Sen. Grassley's inquiry focused on transparency and whether the president invoked executive privilege over some of the documents pertaining to the third amendment to the PSPAs...
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Short Takes: Some Lenders Think Mortgage Counseling is a Waste of Time / Credit Suisse Readies New Jumbo Deal / Originations Rise Slightly at BB&T / More MSR Deals / DocMagic Rolls out TRID Service

April 23, 2015
Brandon Ivey and Paul Muolo
The top contributor to the new Credit Suisse jumbo deal is New Penn, which is controlled by MBS co-inventor Lew Ranieri.
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DOJ Sues Quicken for FHA Underwriting Violations, Accuses Nonbank of Inflating Appraisals, More

April 23, 2015
Paul Muolo
DOJ cites an email written by a Quicken divisional vice president for underwriting who brags that the lender has a team that is “responsible to pushback on appraisers questioning their appraised values.”
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Freddie Mac Gears New NPL Auction to Smaller Investors

April 22, 2015
Carisa Chappell
Qualified buyers have until June 2 to bid on the Miami-based loans.
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Realtors Continue the Drumbeat: Mortgage Credit is Too Restrictive

April 22, 2015
Thomas Ressler
Then there was Bert Ely who noted: "In my opinion, American housing policy is leading the country down the same path that led to the last housing bubble..."
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Redwood’s Latest Jumbo MBS Includes Highest Share Yet of Non-QMs

April 22, 2015
Brandon Ivey
Some 97 lenders contributed to the pending security from Redwood, led by PrimeLending with a 9.0 percent share.
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Interactive Mortgage Advisors Unveils Two New MSR Deals

April 22, 2015
Paul Muolo
On IMA’s other deal, the brokerage firm is offering $100 million per month of Fannie Mae/Freddie Mac “flow” product.
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Wall Street’s Return to Mortgage Lending: Blackstone Buys a Residential Lender

April 22, 2015
Paul Muolo
Is Blackstone's purchase of a mortgage lender a "one-off" deal or will other Street firms follow suit?
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Short Takes: A HUD Settlement for Green Tree? / After Losing LeBron, Quicken Owner Fears Little / More Regs for AMCs / Lenders You May Not Know: First Cal / Freddie Gets New Chief Risk Officer

April 22, 2015
Brandon Ivey and Paul Muolo
It's always possible that Green Tree could turn around and sue HUD before HUD sues them, which is what Quicken Loans did.
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Hoping and Praying that the CFPB Goes ‘Soft’ on TRID

April 21, 2015
Thomas Ressler
A period with protection against liability would allow the CFPB to evaluate any unforeseen issues stemming from TRID.
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