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With Issuance Booming, Ginnie Mae Rolls Out Four Changes For Issuers

September 9, 2015
George Brooks
All issuers must comply with the revised requirements, which take effect immediately, in order to remain an eligible participant in the Ginnie Mae program.
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Condo Projects Could Lose VA, FHA Business Due to Lapsed Approvals

September 9, 2015
George Brooks
It is unclear how many developments have expired approvals but the number could be significant, Shrum said.
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Short Takes: BlackRock Bailing on PHH? / New Stonegate Prez Gets Shares / Coester Takes on State RE Board / Plaza Home Gets to 50 / Walter Settles Reverse Allegations / DocMagic Hires Former Prospect Mortgage Executive

September 9, 2015
Paul Muolo
Coester filed suit against the Virginia Real Estate Appraiser Board, charging that the regulator is engaged in “a conspiracy to restrain and monopolize trade” and is operating in violation of antitrust laws.
Read More

Bank Holdings of First Liens Highest Since 2009

September 8, 2015
Brandon Ivey
Jumbo originations have increased sharply since 2008 but only about 5 percent of the loans have been included in jumbo MBS, which means the product is residing in bank portfolios...
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Class-Action Lawsuits Against Ocwen and Altisource Dismissed; ‘Puffery’ Not a Violation of Securities Laws

September 8, 2015
Brandon Ivey
The judge presiding over the case ruled that securities law regulates "disclosure of information, not the mismanagement of a company...”
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Angel Oak Readies $150 Million ‘Nonprime’ MBS

September 8, 2015
Paul Muolo
Is the subprime MBS market ready for a revival, at least a small one?
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Nation’s Second-Largest Wholesaler UWM Continues Hiring Spree

September 8, 2015
Paul Muolo
Company CEO Mat Ishbia noted that the privately held company plans to continue a “strong pace” of hiring at the beginning of 2016.
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The Future of the MI Industry: More of the Same (Unchanged)

September 8, 2015
Paul Muolo
However, insuring private-label MBS is not likely to be a future activity of the MI industry, given the losses suffered in the past...
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Short Takes: Collingwood Hires Freddie Single-Family Chief / New Penn is Just ‘Average,’ Says Moody’s / Fannie’s New Index / Black Knight: Home Equity Up $1 Trillion / Promotions at Fidelity

September 8, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
Collingwood's latest hire is Paul Mullins, former senior vice president of single-family lending for Freddie Mac.
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Trouble Ahead? Agency MBS Issuance Tanked in August

September 4, 2015
John Bancroft
Ginnie Mae had the smallest decline of the three agencies as new issuance slid 4.7 percent from July.
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Latest Imf News

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Featured Data

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Featured Poll

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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