CFPB Fines Meridian Title $1.25 Million for ‘Steering’ September 28, 2017 Thomas Ressler Meridian consented to the action without admitting or denying any wrongdoing.Read More
MBA Warns Members: Equifax Data Breach May be ‘Largest Cybercrime in History’ September 28, 2017 Paul Muolo MBA is encouraging members to “evaluate their own security preparedness.”Read More
Examiners Continue to Find Mortgage Servicing Failures September 28, 2017 Thomas Ressler In recent exams, CFPB examiners found that one or more servicers received incomplete loss mitigation applications…Read More
Short Takes: Nice Gains for GSE Shares / Sen. Bob Corker’s ‘Short’ Recommendation / Corker for FHFA Director? / Keep an Eye on GSE MF / Former Ellie Mae COO Lands at Blue Sage September 28, 2017 Carisa Chappell and Paul Muolo Keep in mind that Mel Watt’s term as Federal Housing Finance Agency director expires in January 2019...Read More
Subservicing Contracts Continue to Grow; Cenlar and Dovenmuehle Dominant Once Again September 27, 2017 Paul Muolo Subservicers handle 19.0 percent of all homes mortgages in the U.S., Inside Mortgage Finance found…Read More
Freddie Relaxes Appraisal Policies for Trainees September 27, 2017 Carisa Chappell Freddie Mac: “We are also specifying that an unlicensed or trainee (or similar classification) appraiser may perform a completion report…”Read More
BKFS: 100,000 FHA Loans In Puerto Rico Could be at Risk September 27, 2017 Paul Muolo Overall, there are 500,000 mortgage properties on the island, according to Black Knight…Read More
In New ‘Strategic’ Report FHFA Punts on Zero Capital Issue September 27, 2017 Paul Muolo So far, speculation regarding a change in the GSE dividend payment has been dead wrong, but there’s still time...Read More
Short Takes: Trade Groups Take Aim at HUD IG Report on Nonbanks / A Pejorative Phrase for Lenders? / CFPB’s Cordray Continues to Master the Phrase ‘No Comment’ / A Gain for PRMG September 27, 2017 Paul Muolo and Thomas Ressler In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…Read More
Bank Retail Production Up in 2Q17, Sales Down September 27, 2017 John Bancroft Residential loan sales by banks totaled $151.79 billion in the second quarter, down 7.3 percent from the previous period. Read More
RSS