Mortgage Servicers Worry about Bankruptcy Provisions in CFPB Rule February 7, 2018 Thomas Ressler As of April 2018, mortgage servicers will have to send monthly billing statements to consumers in active bankruptcy cases…Read More
MBA Chairman Motley Hopeful that HUD Will Act Soon on FHA Clarifications February 7, 2018 Paul Muolo The trade group chief said uncertainty still exists around FHA loan level certifications…Read More
Short Takes: The FHFA Version of Mick Mulvaney / Political Appointees at the FHFA? / Waiting on Hensarling’s GSE Draft / A Strong Profit for Genworth / Reverse Lender Goes Forward February 7, 2018 Paul Muolo Rep. Hensarling, a Republican from Texas, has yet to unveil a legislative blueprint…Read More
Mortgage Profits at Depositories Tumbled 29 Percent in 2017 February 6, 2018 John Bancroft Many lenders cited increased competition in a declining market for the weaker results…Read More
Despite Anticipated Production Downturn, Mortgage Firms Paying up for LOs February 6, 2018 Paul Muolo One branch manager told Inside Mortgage Finance: “I get two calls per week from headhunters and recruiters. I’ve never seen recruiting so hot.”Read More
Chairman of House Financial Services Subcommittee Pondering GSE Reform February 6, 2018 Carisa Chappell and Paul Muolo MBA’s Dave Stevens worries about what might happen to the mortgage market under a Trump-appointed FHFA director…Read More
TIAA Preps Jumbo MBS with Loans Originated by Unit Formerly Known as EverBank February 6, 2018 Brandon Ivey In recent years, only two other banks have issued jumbo MBS: JPMorgan Chase and Flagstar...Read More
House Poised to Pass Qualified-Mortgage Tweak February 6, 2018 Thomas Ressler However, there is no companion legislation in the Senate...Read More
Short Takes: What Stock Market Correction? / Bond Prices? / Fretting Over Fannie-Freddie Common / The GSE Message from Jeb and Steve / BlackRock Likes Genworth / New Penn Gets a New President / FSR Chief Pawlenty Departs February 6, 2018 Carisa Chappell and Paul Muolo The price of Fannie Mae and Freddie Mac common is getting smacked around...Read More
Redwood Brings Largest Expanded-Prime Jumbo MBS to Date February 5, 2018 Brandon Ivey The MBS will include credit enhancement of 10.0 percent on the senior tranche, similar to other expanded-prime MBS from Redwood.Read More
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