Acting FHA Chief Dana Wade Sees Disturbing Trends, Worries About Potential Losses April 26, 2018 George Brooks Warning sign: In February, the percentage of FHA borrowers with DTI ratios above 50 percent rose to 24.6 percent, up from 19.8 percent a year ago.Read More
Lenders Divided on Whether Changes Should be Made to QM Standards April 26, 2018 Brandon Ivey “It appears that the larger the investment, the larger the resentment,” Stratmor said.Read More
Sen. Brown Says CFPB Chief Mulvaney Must Go, Cites ‘Pay to Play’ Comments April 26, 2018 Paul Muolo Sen. Brown said he wants a new CFPB director, one with a moral compass…Read More
Altisource Reports a Loss, Declining Revenue and Says the CFPB Won’t Take Action Against It April 26, 2018 Paul Muolo In February of last year, Altisource disclosed in an SEC filing that the CFPB was looking into the vendor’s relationship with Ocwen...Read More
Short Takes: Losses at Privately Held Shops? / Refis Near a 10-Year Low / Will the CFPB Target Rate-Lock Commitment Abuses? / Strong Earnings for Radian but Clayton a Drag / A New Hire for United Wholesale April 26, 2018 Paul Muolo and Yemeng Yang Radian's mortgage and real estate services division – which includes due diligence provider The Clayton Group – continues to struggle...Read More
VA Servicing Continues to Grow at a Nice Clip April 25, 2018 John Bancroft Don’t look now, but Ginnie Mae MBS outstanding is approaching the $2 trillion mark…Read More
PHH’s CEOs Took Home (Combined) $5.26 Million in Compensation Last Year April 25, 2018 Paul Muolo Crowl’s base pay for 2017 totaled $554,808 while Messina’s came to $485,962.Read More
Chimera Packaging Mortgages Aggregated by BofA into a Prime Jumbo MBS April 25, 2018 Brandon Ivey Most of the loans are non-agency jumbos, but a handful are eligible for sale to Fannie Mae and Freddie Mac.Read More
VA-Based Nonbank Lender Reveals Data Breach April 25, 2018 Brandon Ivey WEI is based in McLean, VA and owned by Arc Home, which in turn is controlled by funds under the management of Angelo, Gordon.Read More
Sen. Crapo Says GSE Reform Still Possible in This Congress (You Heard That Right) April 25, 2018 Carisa Chappell The senator disagreed with comments made earlier in the day by HUD Deputy Secretary Pam Patenaude, who said there aren’t enough legislative days left...Read More