Great Ajax Looks to Increase Servicing for Others with Expansion of Gregory Funding Unit August 22, 2018 Brandon Ivey Gregory Funding is in the first year of a three-year expansion plan…Read More
Short Takes: Celebrity in the Hunt / Ocwen Gets the ‘All Clear’ Signal from Ginnie / Oh Carol / The National Servicing Settlement – It’s a Wrap / Two Joes In Charge at Waterstone August 22, 2018 Brandon Ivey and Paul Muolo Celebrity Financial has several M&A irons in the fire...Read More
Washington State Tightens Servicing Rules. More States to Follow August 21, 2018 Yemeng Yang In Washington mortgage servicers must now maintain recorded telephone conversations with consumers for three years after the date of the call…Read More
Cal Realtors Ask FHFA for Immediate Halt to GSE Financing of SFR August 21, 2018 Paul Muolo Certain SFR operators have been criticized for gobbling up thousands of properties for corporate ownership, thus removing these units from the inventory of homes available for sale.Read More
Short Takes: Broeksmit Takes Over as MBA Chief / His Resume / Cowen: Bright, a Plus for Housing / A Possible Successor to Watt at the FHFA? / Churchill Mortgage Executive Named to CMLA’s Board August 21, 2018 Paul Muolo Bright has been mentioned in housing and mortgage circles as a possible successor to FHFA Director Mel Watt.Read More
Watt’s Accuser Sues FHFA, Alleges Pay Discrimination, Wants $1 Million in Damages August 21, 2018 Paul Muolo When bonuses and benefits are factored in, Grimes says the pay disparity totals $100,000 per year...Read More
Fix-and-Flip Loan Market Continues to Hum Along August 20, 2018 Paul Muolo CALCAP is looking to expand into the Texas market…Read More
GSE Sellers Continued to Stretch the Credit Box (Incrementally) in 2Q18 August 20, 2018 John Bancroft A year ago, just 12.1 percent of new purchase loans fell into the highest-risk category…Read More
FHFA Wants GSEs to Take a Closer Look at Their Multifamily Lenders August 20, 2018 Carisa Chappell The FHFA wants Fannie and Freddie to institute proper controls and perform monitoring on their multifamily counterparties…Read More
A Real Estate Fintech Takes a Test Drive in Mortgage Banking. Will Others Follow? August 20, 2018 Paul Muolo “Zillow could have done this on a much larger scale. Heck, they could’ve bought Ditech,” said industry consultant Paul Hindman.Read More
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