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An Onslaught of Legislation to Change the CFPB? QM a Target

March 10, 2015
Thomas Ressler
Bills are expected to include provisions such as providing “qualified mortgage” status for many portfolio loans, with a much broader impact than the CFPB’s recent proposal.
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PHH’s Ticking Time Bomb: the Merrill Lynch Private-Label Contract

March 10, 2015
Paul Muolo
The early betting is that PHH will hold onto the Merrill contract, but in mortgage banking, anything can happen...
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Non-Agency MBS Outstanding Increased in February. What?

March 10, 2015
Brandon Ivey
The increase was a rare occurrence: Since 2009 the balance of non-agency debt outstanding has been on the wane.
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Fannie Mae’s Chief Risk Officer Takes Leave of Absence

March 10, 2015
Paul Muolo
Fannie Mae provided no additional information on the departure, which sounds temporary in nature.
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Short Takes: No Future for Common Shareholders of Fannie and Freddie? / DocMagic Furthers Electronic Closings / BofA MBS Settlement Gets One Green Light / Stonegate Hires Someone with Cha-Cha Experience

March 10, 2015
Brandon Ivey and Paul Muolo
KBW, by the way, has set a $1 per share price target for both Fannie and Freddie.
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Supreme Court Rules in Favor of Loan Officers in Overtime Pay Case

March 10, 2015
George Brooks
The Supreme Court ruling could cost mortgage bankers a bundle in terms of overtime pay. Or maybe not...
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Originations of Interest-Only Loans Held Steady in Fourth Quarter, Sort Of

March 9, 2015
Brandon Ivey
For the full year, PHH Mortgage was the top IO lender in the nation with $12.81 billion in production...
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HECM Lending Spiked in 4Q, but Down for the Year

March 9, 2015
George Brooks
Reverse volume leader American Advisors Group funded $2.0 billion in 2014, giving it a market share of 14.7 percent.
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JPMorgan Chase Going for the Jumbo Gold

March 9, 2015
Brandon Ivey
“We are building a higher quality and less volatile mortgage business,” said JPMorgan mortgage executive Kevin Watters.
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Mortgage Employment Basically Flat Early in the Year; Servicing Layoffs Ahead?

March 9, 2015
Paul Muolo
Mortgage companies that fall under the heading “real estate credit” actually cut 300 employees during the month, leaving the sector with 211,700 full-timers.
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Latest Imf News

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