FHFA’s Examiner Program Under Fire for Lack of Results October 3, 2018 Carisa Chappell During a House hearing, Rep. Ann Wagner, R-MO, criticized the FHFA for spending $7.7 million on what she called a “crucial training program which lacks professionalism, among other things…”Read More
Short Takes: How High Might the Yield on the 10-Year Go? / Waiting on a Stock Market Correction / Deficits Don’t Matter Anymore (For Now) / A New Office for Better Mortgage / Richey Buys Two / Freddie Promotes Former Wells Fargo Exec October 3, 2018 Paul Muolo The stock market hit a new high. What possibly could go wrong?Read More
Trade Groups Seek Changes to LO Compensation Rule October 2, 2018 Yemeng Yang Trade groups said the rule, while well-intentioned, is causing serious problems for the mortgage industry…Read More
MSR Sales Were Slow in 3Q18, but Pace May Quicken as Yearend Approaches October 2, 2018 Paul Muolo One fact that all dealmakers can agree on is that MSR pricing is the best it’s been all decade…Read More
One Reason FHA Premiums Won’t be Cut? Slow Servicers… October 2, 2018 Paul Muolo In 10 cases, the servicing process was delayed by more than two years...Read More
GSE Shareholders Take Solace in Partial Win Against FHFA, Treasury October 2, 2018 Carisa Chappell Investors Unite: “Lamberth’s ruling does not mean reimbursement checks are on the way…”Read More
Short Takes: Top-Ranked Subservicer Hires Nonbank Execs / Soon to be One: Ocwen and PHH / NAR Bolsters its Government Affairs Staff / One Criticism of Jeb / California, the Golden GSE State October 2, 2018 Carisa Chappell and Paul Muolo One criticism of Hensarling is that his conservative ideals prevented him from shaping a consensus bill to reform Fannie Mae and Freddie Mac...Read More
Bank MSR Values the Highest They’ve Been Since 2007 October 1, 2018 John Bancroft Banks valued these servicing rights at $46.4 billion, $5.6 billion more than in March…Read More
Inspector General Wants FHFA to Better Utilize Fannie, Freddie Fraud Reports October 1, 2018 Carisa Chappell The IG said there’s no specific methodology for fraud detection and reporting…Read More
Top-Ranked Wholesaler Unveils New Leadership Structure October 1, 2018 Paul Muolo Plaza Home is growing its renovation loan and reverse lending businesses...Read More
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