MBA: Mortgage Applications Post a Slight Decline July 5, 2018 Paul Muolo Brace yourself, new mortgage employment figures will be released Friday morning…Read More
Short Takes: Megabank Bidding on VA IRRRLs / HUD Didn’t Fix the Mess / Blame the Dodd-Frank Reform Act / Applies to REMICs Only / JPM Remains the FHLB Advance King July 5, 2018 Carisa Chappell and Paul Muolo Needless to say, the VA IRRRL issue is complicated...Read More
LenderLive Pondering a Sale? Or Something Else? July 5, 2018 Paul Muolo In July 2017, the vendor named Rob Clements chairman and CEO and John Surface president and chief operating officer. Both came over from EverBank Financial…Read More
Fannie Mae Servicer Seterus the Foreclosure King of California? July 5, 2018 Paul Muolo Seterus is owned by IBM, but the vendor doesn’t even mention the ownership link to ‘Big Blue’ in the “About Us” section of its website…Read More
DBRS Tops in Rating Non-Agency MBS July 5, 2018 John Bancroft Kroll Bond Rating Service moved up from fourth place in 2017 to start this year in second…Read More
HomeStreet to Sell 20 Percent of its MSR Portfolio to Matrix Financial Services July 3, 2018 Brandon Ivey HomeStreet continues to deemphasize its role in residential mortgages… Read More
A Big Decline for Interest-Only Originations July 3, 2018 Brandon Ivey Among all IO originators, First Republic Bank ranked first with $1.54 billion…Read More
Despite Favorable Court Rulings, Questions Remain on Marketing Services Agreements July 3, 2018 Yemeng Yang The RESPA statute and existing regulations still clearly prohibit payments for referrals…Read More
Short Takes: An MSR-Only Sale for Ditech? / Layoffs at The Money Source / Fannie and Freddie Trim Subprime Holdings / A Capital Raise for Redwood / New Rez Closes on Shellpoint Deal July 3, 2018 Brandon Ivey and Paul Muolo TMS called it a “realignment,” explaining the cuts are part of a plan to “fuel fintech growth.” Read More
Banks Boost First-Lien Holdings in 1Q18 but a Slight Drop at Wells Fargo July 2, 2018 Brandon Ivey The three largest holders of first-liens are Wells Fargo, JPMorgan Chase and Bank of America…Read More
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