House Subcommittee Plans Hearing on ‘Waste, Fraud and Abuse’ Allegations at the FHFA. The GSEs? August 9, 2018 Carisa Chappell There was no mention of Freddie Mac’s CEO, Don Layton.Read More
Bulk Servicing Sales Continue at a Brisk Pace. A Record Year? August 9, 2018 Paul Muolo IMA and MountainView expect to trade more product this year than last…Read More
Mortgage Banking Income Fades at Banks August 8, 2018 John Bancroft Second-ranked JPMorgan Chase had a similarly disappointing quarter.Read More
CFPB Active Again in Enforcement Actions. 23 Cases Being Litigated August 8, 2018 Yemeng Yang A spokesperson told Inside the CFPB the agency’s office of enforcement is now “actively litigating 23 cases.”Read More
Another Record Non-QM Production Quarter for Citadel. 2018 Production Could Top $1.8 Billion August 8, 2018 Paul Muolo At the end of July, Citadel serviced $1.75 billion of non-QMs…Read More
Redwood Reports Lower Earnings, but a Rise in Loan Purchases August 8, 2018 Paul Muolo At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.Read More
Industry Seeks Update from Banking Regulators on Basel, Tier I Capital and MSRs August 8, 2018 George Brooks At the very least, the MBA wants a timeframe from the regulators…Read More
Short Takes: Brother, Can You Spare $77.6 Billion? / If Things Get Rough, This is How Much Money I Might Need / Define ‘Severely Adverse’ Scenario / The Wells Fargo Mortgage Layoff Tally for July / Fannie Director Departs August 8, 2018 Paul Muolo But the bailout calculations – mandated under the Dodd-Frank Act Stress Tests – were not done by the FHFA. Read More
House Financial Services Committee Passes Bill Revising Points and Fees August 7, 2018 Yemeng Yang The revised definition excludes from points and fees any compensation included in the interest rate and for which the consumer was separately charged.Read More
Nonbank Market Share of Ginnie MSRs: 59.9 Percent and Growing August 7, 2018 John Bancroft Wells Fargo’s agency servicing volume dropped by $9.4 billion…Read More
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