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California Cites Document Request Delays at Ocwen, May Suspend the Lender/Servicer

January 13, 2015
Paul Muolo
For short sellers, Ocwen Financial is the gift that keeps on giving.
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Home Equity Lending Expected to Increase

January 13, 2015
Brandon Ivey
The two top banks increased their HEL holdings from midyear, and industry analysts expect home-equity lending to continue to increase in 2015.
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Short Takes: JPM Touts Correspondent Channel / CFPB Chief Cordray Says the Sky Did Not Fall / What? / Supreme Court Deals Blow to RBS, Nomura

January 13, 2015
Paul Muolo and Thomas Ressler
Despite Cordray's proclamation, loan production fell by 35 percent last year, but all that was tied to refis plunging. Right?...
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Cove Financial, a Lender Operated by Former New Century Officials, Goes Bust

January 12, 2015
Brandon Ivey
Patrick Flanagan, Cove’s CEO, was once the president of New Century Mortgage, a now-defunct subprime giant
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FHA Sets Lower FHA Premium Date: January 26

January 12, 2015
George Brooks
FHA lenders may start requesting case number cancellations on Jan. 15, but must submit all requests before midnight on Feb. 26.
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Short Takes: Five Oaks Cuts New Repo Deal with BofA / Ocwen’s ‘Clean-up’ Calls / More Intel on Never Meeting the Customer / We Like Our Debt Just the Way It Is

January 12, 2015
Paul Muolo
“I only saw about 5 percent of my buyers face-to-face last year,” said one Texas-based loan officer.
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2014: The Jumbo MBS Boom That Wasn’t

January 11, 2015
Brandon Ivey
S&P believes the gap in execution between whole-loan sales and securitization has started to narrow.
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New, Lower VA Loan Limits: Don’t Sweat It

January 11, 2015
George Brooks
However, the VA loan program does not require a downpayment, which is a major attraction for some borrowers.
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Want to Make Money as a Loan Officer? Don’t Work at a Bank

January 11, 2015
Paul Muolo
How much a loan officer earns can be determined by where his/her leads come from.
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Mortgage M&A Outlook: Plenty of Buyers, Not So Many Sellers

January 9, 2015
Paul Muolo
Since early September, at least 14 mortgage company acquisitions have been announced publicly, according to a database of deals compiled by Inside Mortgage Trends.
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Latest Imf News

  • CFPB Receives Conflicting Feedback on HMDA Requirements

  • Appeals Court Rules in Favor of Lender in Attorney's Fees Dispute

  • Non-Agency MBS Issuers Bring Somewhat Larger Deals

  • MISMO Housing Counseling Dataset Aims to Improve Services

More Imf News

Featured Data

  • GSE Seller Buybacks and Unresolved Claims Decline

  • Profits Sag at FHLBanks in Fourth Quarter

  • Production vs Servicing Results Mixed in 4Q25

  • Correspondents Retreat in 4Q as Brokers Forge Ahead

More Featured Data

Featured Reports

  • Mortgage Profitability Report 4Q25 (PDF)

  • Agency Channel Analysis: 4Q25 (PDF)

  • IMF Mortgage Directory: Full interactive database

  • IMF HMDA Dashboard: 2024

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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