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Bank of America Throws 203(k) Loan Program Overboard

May 6, 2015
Paul Muolo
Among all FHA originators, Bank of America ranks eighth nationwide, based on January figures...
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Trade Group Calls for Disclosures on Loan Officer Qualifications

May 6, 2015
Thomas Ressler
Such disclosures also should show whether the LO has passed the SAFE Act test.
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Short Takes: FHFA’s Reps-and-Warranties Clarifications a Bust? / Deephaven’s Nonprime Volume a Mystery / A ‘Responsible’ Nonprime Lender / Mostly a Seller’s Market for Homes?

May 6, 2015
Paul Muolo
Deephaven's website boasts that it helps “aspiring” homeowners “purchase homes as soon as one day after foreclosure or short sale.”
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Fears Over TRID’s Impact Intensify as Clock Ticks

May 5, 2015
Thomas Ressler
As the TRID deadline approaches industry anxieties are getting stronger and more specific in nature.
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Redwood’s Mortgage Income Takes It on the Chin; But Outlook Improves

May 5, 2015
Brandon Ivey
Redwood posted just $2 million in income from residential mortgage banking activities in the first quarter.
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Nationstar’s Stock Hammered After Firm Posts $48 Million 1Q Loss

May 5, 2015
Paul Muolo
On the plus side, the publicly traded nonbank funded $4.2 billion during Q1, a 16 percent sequential improvement.
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Report: A Large Chunk of VA Loans are Not Closing On Time

May 5, 2015
George Brooks
“For VA, this is a significant change for the worse,” said Tom Popik, designer of the survey.
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Freddie’s CEO Layton: Earnings Won’t Rise Much From Here

May 5, 2015
Paul Muolo
In the first quarter, Freddie Mac's net interest income rose on a sequential basis by a mere 2 percent to $3.647 billion.
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Short Takes: CFPB Holds a Candle for the 'Credit Invisible' / Walter Gets Smacked Around Too / New Fannie MF MBS / Correction on MDS

May 5, 2015
Paul Muolo
Fannie Mae reported Tuesday that the GSE issued $10.4 billion of multifamily MBS in the first quarter of 2015, primarily through its delegated underwriting and servicing program.
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Securitization of Seasoned Fannie/Freddie Mortgages on the Rise

May 4, 2015
Paul Muolo
Over the past few years, both the mega banks and regionals have been keeping some of their agency-eligible loans in portfolio...
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Latest Imf News

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