Experts Advise on How Best to Deal With Shifting Fair Lending Issues June 30, 2015 Thomas Ressler Many in the industry wonder why it appears that access to credit remains so tight, seven years after the last financial crisis. Read More
Jumbo Underwriting Standards: Yes, There’s Variety June 30, 2015 Brandon Ivey The rating service reviewed 70 aspects of underwriting, including minimum credit scores, loan limits, tax return standards and appraisal requirements.Read More
A Final Tally From the FHFA: Record G-Fees/LLPAs in 2014 June 30, 2015 Paul Muolo Prior to the financial crisis and the government takeover of Fannie and Freddie, some seller-servicers had “strategic alliance” deals that allowed them to pay under 15 basis points in g-fees...Read More
Green Tree Corrects Servicing Settlement Issues, Ocwen Still Under Investigation June 30, 2015 Brandon Ivey Smith said his team has reviewed thousands of documents and interviewed at least nine Ocwen executives...Read More
Short Takes: So, Where’s the Rate Plunge? / MBS Prices? / CitiMortgage Fails a Servicing Metric / Pending Home Sales Bright / A New Hire for DocMagic June 30, 2015 Paul Muolo, Brandon Ivey, and Sherry Muolo With Greece ready to crack up, it was thought that mortgage rates might plunge. But it hasn't happened yet...Read More
RoundPoint Buyer Walks, Firm Still Open to Offers June 29, 2015 Paul Muolo According to figures compiled by Inside Mortgage Finance, at March 31, RoundPoint serviced $46.88 billion in home mortgages.Read More
Due to Recent Data Breach, IRS Denies Some Lenders’ Request for Tax Transcripts June 29, 2015 George Brooks According to the RHS, the Internal Revenue Service action is meant to deter any fraud that might result from identity theft.Read More
On the Rise: Securitization of VA Jumbo Mortgages June 29, 2015 George Brooks VA jumbo originations outpaced FHA jumbo production, which totaled $2.8 billion in the first quarter, up 17.0 percent from the prior quarter.Read More
Short Takes: A Killer Quarter for Fannie and Freddie? / A Shrinking Market: Bad Loans / Turn, Turn, Turn Times / Stonegate’s Third-Party Loan Portal / New Hires for Mortgage Network, Ellie Mae June 29, 2015 Paul Muolo and Brandon Ivey Why do loan turn times – application to closing – vary so much?Read More
After Hedge Fund Accumulates Large Stake, Walter Enacts ‘Poison Pill’ Language June 29, 2015 Paul Muolo In total, the Baker Street hedge fund now controls 8.4 million shares of Walter Investment Management, the parent company of Green Tree Servicing.Read More