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TRID Update: Settlement Agents May be Out in the Cold

March 30, 2015
Thomas Ressler
Some banks have already been doing loan closings themselves...
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Short Takes: Nonbanks Dominate Credit Suisse Jumbo Deal / LLC Wins Freddie NPL Auction / When Will Fannie Sell Some NPLs? / Clayton Buys AVM Vendor / A Reserve Fund for GSE Profits?

March 30, 2015
Carisa Chappell and Brandon Ivey
So, how come Freddie has conducted a handful of NPL sales thus far and Fannie Mae has not?
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Another Cross to Bear for Jumbo MBS: Investors Like GSE Risk-Share Deals Better

March 27, 2015
Brandon Ivey
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.
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Increasingly, Real Estate Agents are Warming Up to Call-Center Lenders

March 27, 2015
Brandon Ivey
Tom Popik, research director of Campbell Surveys, notes that the Quicken Loans’ call-center model can be an accepted alternative to local mortgage branches.
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Going, Going, Gone: HARP Volumes a Shadow of What They Used to Be

March 27, 2015
John Bancroft
Although HARP originations plunged by 76 percent last year, the FHFA may keep the program alive.
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VA Originations Continue to Impress, Up Almost 18 Percent in Fourth Quarter

March 27, 2015
George Brooks
Total VA volume for the entire year was $112.0 billion in purchase and refinance loans.
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What We’re Hearing: PHH, Worth Double? / BofA, Slow and Really Cautious / No Cut in G-Fees? Here’s Why / Protecting Your Officers and Directors / A Market on Fire: VA Lending

March 27, 2015
Paul Muolo
Glenview is bullish on Ocwen but it also owns a large stake in the nonbank...
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CFPB Holds Firm on Implementation Date for Integrated Disclosure Rule

March 26, 2015
Thomas Ressler
CFPB General Counsel Meredith Fuchs showed little sympathy for lenders worried about TRID's start date, referencing the rule's long implementation period.
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Home-Equity Lending Has Its Best Year Since 2009

March 26, 2015
John Bancroft
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.
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CSBS Sets Nonbank Capital Minimum at $2.5 Mil; Guidelines Look a Lot Like FHFA’s

March 26, 2015
Brandon Ivey
For capital, the proposed baseline standard for all nonbanks would require a base net worth of $2.5 million...
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