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Nonbank and Community Lenders Push for ‘Hold Harmless’ Enforcement on TRID

April 16, 2015
Thomas Ressler
Certain factions of the industry want the CFPB to develop a plan to provide implementation support during a restrained enforcement period following the Aug. 1 effective date.
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Fannie, Freddie, MBA Hike Their Origination Forecasts (Some Ever So Slightly)

April 16, 2015
Paul Muolo
Some lenders are swamped with refis...
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GSE Refi Loans with PMI Spike 37 Percent in First Quarter 2015

April 16, 2015
John Bancroft
The steadily declining average loan-to-value ratio on PMI-covered refinances reflects dwindling production in the HARP program.
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1Q Residential Production at Citigroup Lags Peers; Servicing Continues to Shrink

April 16, 2015
Paul Muolo
Meanwhile, Citigroup continues to see its servicing “for others” portfolio shrink...
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Texas Depository Purchases 15-Year-Old Nonbank Mortgage Firm

April 16, 2015
Paul Muolo
In general, depositories have not been active buyers of mortgage companies, though that’s starting to change somewhat.
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Short Takes: So Much for the Moratorium on Captives Joining FHLBs / Nonprofits Stand Up for Ocwen / Ocwen Layoffs? / Time to Exit SFR? / CFPB Rule Update

April 16, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Is the bloom off the rose in the single-family home rental market? Some institutional investors are shedding assets.
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Credit Union Share of Residential Production Hits a Record 9.45 Percent

April 16, 2015
John Bancroft
Credit unions now lay claim to almost 10 percent of the residential lending market.
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FHA Recaptures Few of Its Refinances; Cut in Annual Premium Could Help

April 16, 2015
Paul Muolo
Where are these FHA loans migrating to? “Fannie Mae and Freddie Mac,” said Chappelle.
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Points-and-Fees Language Passes House but White House Veto Looms

April 15, 2015
Thomas Ressler
Hours before the House vote, word came from the White House that President Obama would veto the measure.
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Low Credit Enhancement on New Jumbo MBS From Two Harbors

April 15, 2015
Brandon Ivey
Credit enhancement levels set by the rating services play a major role in an issuer’s decision to come to market.
Read More
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