FHLB-NY Offers Pilot Program to Facilitate Jumbo Whole Loan Sales April 7, 2015 Carisa Chappell According to the FHLB-NY, a limited number of investors – and members – have been approved for the pilot.Read More
Mortgage Complaints Filed with the CFPB Plunge 33.5 Percent April 7, 2015 Thomas Ressler Once again, consumer criticisms about residential mortgages led the decline in both timeframes.Read More
New Residential Buys HLSS Via Asset Purchase; Merger Kaput April 6, 2015 Paul Muolo The original merger agreement, unveiled in late February, was an all-cash deal valued at $1.3 billion.Read More
Short Takes: Navy Fed Sets New Company Record for Originations / Keep, Don’t Sell / PennyMac Amends Servicing Facility / Fed Keeps Buying MBS, but Less Than Before / DBRS Adds Portfolio Advisors April 6, 2015 Paul Muolo The no-downpayment product from Navy Federal is called “HomeBuyer’s Choice,” and year-to-date the lender has funded $179 million in such loans…Read More
Lenders Losing Their Appetite for the Ginnie Mae ‘Eagle’? April 6, 2015 Paul Muolo However, the late January 50 basis point reduction in FHA premiums should help.Read More
Nationstar Prevails in Court Case Over Disputed NPL Sales April 6, 2015 Brandon Ivey Truman Capital alleged that Nationstar backed out of the transaction after realizing that the sale price for the NPLs was lower than fair market value.Read More
Small to Medium-Sized Lenders Had Stellar 1Q. Can it Last? April 6, 2015 Paul Muolo The wholesale division of Premier Nationwide Lending had its best month of October 2013...Read More
Jumbo MBS Issuance Hit Post-Crisis High in First Quarter April 6, 2015 Brandon Ivey Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.Read More
Appointment of Ed Golding to FHA Chief Raises Eyebrows on Capitol Hill April 6, 2015 George Brooks Moreover, it is unclear how much enforcement power Edward Golding can wield. Read More
What We’re Hearing: A Loosening of Credit? Not Really / How Big of an LLPA Cut? / PMIERs? / Ocwen Earnings on Indefinite Hold / High Turnover at NE Lender? / PennyMac Gets Financing from Citi / UWM Says Freddie 3 Percent Down Product Better Than FHA April 3, 2015 Paul Muolo As one Ocwen source told us: It’s on “indefinite” hold…Read More
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