GSEs Unaffected by Deloitte’s Computer Break-In October 11, 2017 Paul Muolo A Freddie spokesman noted: “We take cyber-security seriously as it relates to every aspect of our business.”Read More
Credit Report Gripes Filed with the CFPB Go Sky High October 11, 2017 Thomas Ressler Gripes to the bureau leapt by 53.4 percent on a sequential basis…Read More
Short Takes: Ginnie Mae Worried about Certain Nonbanks? / The David Kittle Nomination? / KKR Closes Fund to New Investors / SFR Hits $33 Billion / A New Hire for Grandbridge October 11, 2017 Paul Muolo There’s still no word from the White House on when it will nominate industry executive David Kittle to be the next president of Ginnie Mae...Read More
Did the Department of Justice Ever Opine in the CFPB Case? Hard to Say… October 10, 2017 Thomas Ressler No one’s talking, and there’s been no indication that the DOJ has even filed a brief in the Ocwen case…Read More
Lenders Not Pleased with LOS Systems, ‘LeadGen’ in Particular Gets Low Marks October 10, 2017 Brandon Ivey Lenders are none-too-thrilled with LOS compliance functions as well…Read More
A ‘BRAWL’ Forms, Broker Group Accuses Certain Lenders of Stealing Borrowers October 10, 2017 Brandon Ivey For now, BRAWL isn’t naming names, but credited three lenders for being “true partners” because more than 90 percent of their production comes through the wholesale channel...Read More
As the New Quarter Begins, More GSE MSR Deals Hit the Auction Block October 10, 2017 Paul Muolo The first offering is for $524 million and comes from an independent mortgage banking firm…Read More
The Equifax Data Breach – What it Might Mean for the Mortgage Industry. Warehouse Implications? October 10, 2017 Paul Muolo Overall, hackers stole financial information on roughly 140 million American consumers…Read More
Short Takes: CIT Will Take Hefty Hit on Sale of Financial Freedom / OneWest’s Roots / Fannie and Freddie Affected by Deloitte Hack? / ALTA Unveils Registry / A New Hire for Platinum October 10, 2017 Brandon Ivey and Paul Muolo CIT Group will take a charge of up to $50 million on the sale of Financial Freedom...Read More
GSE Purchase-Loan Share Hit 63 Percent in 3Q17, a 10-Year High October 9, 2017 John Bancroft The flow of home loans for first-time buyers was up a robust 24.7 percent on a sequential basis…Read More
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