During 4Q14 Javelin Mortgage Investment sold all of its holdings of prime, fixed-rate, senior bonds from new-issue jumbo MBS – $119.6 million of non-agency product in total.
Tom Popik, research director of Campbell Surveys, notes that the Quicken Loans’ call-center model can be an accepted alternative to local mortgage branches.
CFPB General Counsel Meredith Fuchs showed little sympathy for lenders worried about TRID's start date, referencing the rule's long implementation period.
The headline might sound promising, but keep in mind that during the housing boom of 2003 to 2007, the industry averaged nearly $340 billion a year in home-equity originations.