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Another Job for CFPB’s Mulvaney? Kraninger’s Confirmation Hearing Set for July 19

June 29, 2018
Yemeng Yang
“It’ll be more chaos if the president has to appoint another acting director," said one former CFPB official.
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It’s Official: Ditech is on the Auction Block, Hires Houlihan Lokey

June 28, 2018
Paul Muolo
The nation’s 12th largest servicer of residential loans said other options include a “business combination” or maintaining its status as a standalone entity.
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Ditech is on the Auction Block. But Who Will Buy It?

June 28, 2018
Paul Muolo
Nationstar might be a suitor...
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Carson: HUD is Examining Policies that Go Beyond FHA’s Core Mission

June 28, 2018
George Brooks
In April 2018, more than 24 percent of FHA homebuyers left the closing the table with debt-to-income ratios at or above 50 percent, up from 20 percent from the same period last year.
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More Pain, No Gain for Nation’s Largest Home Lenders

June 28, 2018
John Bancroft
With loan production hitting a wall at the megabanks, layoffs are likely to ensue...
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The Wells Fargo Layoff Tally for June: 400 and the Month’s Not Over Yet

June 28, 2018
Paul Muolo
Wells Fargo is the nation’s largest home lender and a bellwether for the overall market.
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Freddie Extends Appraisal Waivers to Condo Purchases and Refis

June 28, 2018
Carisa Chappell
Now, eligible condo loan borrowers can take advantage of the appraisal waiver if ACE deems it unnecessary.
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Short Takes: Ralph Nader Has Some Unkind (And That’s Putting it Nicely) Words for CFPB’s Mulvaney / Mulvaney Viewed Favorably Elsewhere / Nader and the GSEs (Remember that One?) / More M&A for Union Home / A New Hire for Mello

June 28, 2018
Paul Muolo
A few years back, Nader went to bat for Fannie Mae/Freddie Mac shareholders suing the federal government over the GSE net worth profit sweep...
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M&A Roundup: LenderLive Hires Houlihan Lokey to Weigh Options, Stearns Lending Looks at Opportunities

June 28, 2018
LenderLive, a third-party service provider and correspondent lender, is weighing its options and has hired investment banker Houlihan Lokey, according to industry advisors familiar with the firm.
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Bank Loan Sales Down Sharply in First Quarter, JPM Especially

June 27, 2018
John Bancroft
Second-ranked JPMorgan Chase reported a hefty 48.3 percent decline in mortgage sales.
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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