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Industry Cheers as Nation’s Largest FHA Lender Sues HUD and DOJ

April 20, 2015
Paul Muolo
Quicken is the first major lender in the nation to challenge the government in this regard by filing a lawsuit.
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Short Takes: The Quicken Data Dump to DOJ / Dan Gilbert’s Growing Portfolio of Detroit Properties / Ocwen Gets Extension / ASPS Grants Options to Executives / BofA and IBM?

April 20, 2015
Paul Muolo and Brandon Ivey
The lender says government investigators have conducted lengthy depositions with numerous Quicken leaders…
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VA Servicing Growing While FHA Market Shrinks

April 20, 2015
John Bancroft
The trend reflects the surge in VA home loan originations over the past few years at a time when the FHA has lost market share to private mortgage insurers.
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PMIER Fallout: Genworth May Need $700MM of Additional Capital but Expects to be Compliant

April 20, 2015
Paul Muolo
In trading Monday, Genworth’s stock price was down slightly trading at $7.96. Its 52-week low is $6.75, its high $18.74.
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Marketplace Lender Ponders Non-Agency Mortgages

April 20, 2015
Brandon Ivey
LendingHome is testing residential originations of non-qualified mortgages, among other products.
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No G-Fee Hike but LLPAs Rise for Cash-Outs, Conforming Jumbos; A PMIER Suprise

April 17, 2015
Paul Muolo and Carisa Chappell
G-fees will stay the same while the adverse market charge will be eliminated and certain loan-level pricing adjustments will increase. The FHFA also released private mortgage insurer eligibility requirements.
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Jumbo MBS Issuance Reaches Post-Crisis High

April 17, 2015
John Bancroft
In the jumbo MBS sector, mortgage firms issued $4.60 billion of bonds in 1Q, a hefty 20.3 percent increase from 4Q and more than triple the volume posed during the first three months of 2014.
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Deal Agent Seen as ‘Centerpiece’ of Benchmark Non-Agency MBS Project

April 17, 2015
Brandon Ivey
Laurie Goodman, director of the Urban Institute’s Housing Finance Policy Center, is among those who support Treasury’s push to include a deal agent in the benchmark non-agency MBS.
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What We’re Hearing: Concern Over LPMI Discounting? / RoundPoint Still Hunting for a Suitor / A Book out on Seterus? / When Fannie Almost Bought Litton / loanDepot Claims It’s Among the Fastest

April 17, 2015
Paul Muolo
If Fannie Mae bought a servicing platform Congress, of course, would blow a gasket...
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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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Latest Imf News

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Featured Data

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More Latest Reports

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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