Mortgage Originations Rebounded in 2Q18, but Market Lags 2017 Production July 26, 2018 John Bancroft An estimated $445.0 billion of first-lien home loans were originated during the second quarter, an 18.7 percent sequential gain…Read More
Legislative Roundup: House Reauthorizes NFIP, More Changes to ‘Points and Fees’ Definition July 26, 2018 George Brooks The revised definition excludes from points-and-fees any compensation included in the interest rate…Read More
Short Takes: 25 Comments So Far on GSE Capital / Count Stegman and DeMarco Among Them / A FHFA Director Candidate? / China Changes Gears on U.S. RE / Large Georgia Bank Buys Florida Depository July 25, 2018 Paul Muolo and Carisa Chappell Among those weighing in on GSE capital: Michael Stegman, senior fellow at the Milken Institute, and former FHFA Acting Director Ed DeMarco...Read More
Arizona Nonbank Tells LOs at Other Companies They’re Getting Ripped Off July 25, 2018 Paul Muolo Geneva Financial has a message for all loan officers: “Compensation isn’t everything … said no one!”Read More
Flagstar Posts Decent Originations but Expresses Concern About GOS July 25, 2018 Paul Muolo At June 30, Flagstar serviced $120.3 billion in home mortgages, but 77.5 percent of that represents subservicing contracts…Read More
MSR Market Still Hot but Quieter Times May Lie Ahead July 25, 2018 Paul Muolo Some MSR investors are suffering from "buyer exhaustion," said one deal maker... Read More
Industry Trade Groups Want Consumers to Contact Firms First, Not the CFPB July 25, 2018 Yemeng Yang “Customers are more promptly and efficiently served when they contact their financial institution directly with a concern,” said the American Bankers Association…Read More
Freddie Official: Big Data and Advanced Analytics will Change the Business July 25, 2018 Brandon Ivey Chris Boyle, chief client officer at Freddie Mac: “I don’t know how half of you make money.”Read More
FHFA Says No Decision in 2018 Regarding Updating Credit Score Models July 24, 2018 Carisa Chappell After two years of work, the FHFA throws the idea out the window...Read More
Mortgage Complaints Filed with the CFPB Plunge. Wells Still #1 July 24, 2018 Yemeng Yang In terms of consumer ire, Wells Fargo was the complaint market leader…Read More
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