High Credit Score Mortgages Continue to Dominate GSE Lending March 31, 2015 John Bancroft Mid-range credit scores – from 700 to 739 – accounted for 21.3 percent of Fannie and Freddie business last year.Read More
Of All the Ocwen Affiliates, Altisource Hit the Hardest March 31, 2015 Paul Muolo To understand the plight of the publicly traded REO vendor, you first have to understand where it came from...Read More
ICBA Asks CFPB for ATR ‘Safe Harbor’ for Community Banks March 31, 2015 Thomas Ressler ICBA also suggested extending QM exceptions to more community banks by raising the threshold number of loans small lenders can originate each year. Read More
Short Takes: Looser Credit, for Real? / When in Doubt, Sell Whole Loans / How Did 1Q15 Shape Up? / Nationstar Provides More Details on Stock Sale / First Key's New SFR Deal March 31, 2015 Paul Muolo Reliance recently was approved for credit by a Wall Street wholesale lender that does 10 percent down, no-mortgage insurance loans...Read More
Certain Cities See Nice Recovery in Home Values, But Maybe Too Much March 31, 2015 Carisa Chappell In some cities, future price gains may be hard to come by, especially if home flippers and investors bolt.Read More
Mortgage Origination Profits Looking Rosy? March 31, 2015 Paul Muolo Meanwhile, according to interviews conducted by IMFnews with certain warehouse consultants, profits have been quite good during the first quarter... Read More
Newer GSE Loans Account for Biggest Share of Unresolved Buyback Claims March 30, 2015 John Bancroft Mortgage companies repurchased or provided indemnification to Fannie and Freddie on some $4.046 billion of mortgages during 2014. Read More
Banks Shift Tactics on Loan Modifications, Reducing Use of Interest Rate Reductions March 30, 2015 Brandon Ivey Loan modification tactics varied based on whether a mortgage was serviced for Fannie/Freddie or was non-agency in nature.Read More
FHFA Likely To Leave G-Fees Unchanged. As for LLPAs… March 30, 2015 Paul Muolo Few lenders are counting on a reduction in the current “ongoing” GSE fee, which increased from 13 basis points in 2009 to 40 bps in 2013.Read More
Commercial Bank Selling $10 Billion of MSRs, But Looking for Subservicing Option March 30, 2015 Paul Muolo The selling depository – which MVSG did not name – prefers to retain servicing, but will consider an outright sale.Read More