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Home » Topics » News » IMFnews

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Will TRID Leave Settlement Agents in the Lurch?

April 7, 2015
Thomas Ressler
In the end, the residential originator is ceding less authority to the closing agent...
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Freddie Disclosure: Reducing Its Servicing Exposure to Ocwen

April 7, 2015
Paul Muolo
The disclosure is buried in the details of Freddie’s recent 10-Q filing with Securities and Exchange Commission.
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Short Takes: How Many Lenders are Offering LPMI? / Sell that House Now! / NPL Market Waiting for a Shot of Fannie / CFPB Publishes Secret Sauce on TRID / MB Gets new Mortgage Chief

April 7, 2015
Paul Muolo and Thomas Ressler
Although Fannie Mae is poised to begin auctioning off some of its nonperforming mortgages, the market continues to be dominated by smaller deals.
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FHLB-NY Offers Pilot Program to Facilitate Jumbo Whole Loan Sales

April 7, 2015
Carisa Chappell
According to the FHLB-NY, a limited number of investors – and members – have been approved for the pilot.
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Principal Reduction Loan Modifications Less Frequent

April 7, 2015
Brandon Ivey
The decline in the use of principal reduction mods is concentrated on bank portfolio loans as opposed to mortgages in non-agency MBS.
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Jumbo MBS Issuance Hit Post-Crisis High in First Quarter

April 6, 2015
Brandon Ivey
Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.
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Appointment of Ed Golding to FHA Chief Raises Eyebrows on Capitol Hill

April 6, 2015
George Brooks
Moreover, it is unclear how much enforcement power Edward Golding can wield.
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Small to Medium-Sized Lenders Had Stellar 1Q. Can it Last?

April 6, 2015
Paul Muolo
The wholesale division of Premier Nationwide Lending had its best month of October 2013...
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Lenders Losing Their Appetite for the Ginnie Mae ‘Eagle’?

April 6, 2015
Paul Muolo
However, the late January 50 basis point reduction in FHA premiums should help.
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Nationstar Prevails in Court Case Over Disputed NPL Sales

April 6, 2015
Brandon Ivey
Truman Capital alleged that Nationstar backed out of the transaction after realizing that the sale price for the NPLs was lower than fair market value.
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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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