IG: CFPB Pushed Examiners into the Field Before They Were Ready October 11, 2017 Thomas Ressler Some examiners did not receive adequate training or developmental opportunities, the IG said…Read More
The GSEs Should Report Robust Earnings for 3Q17. Here’s Why… October 11, 2017 Paul Muolo A previously announced legal settlement with Royal Bank of Scotland will soon hit the books...Read More
Fannie MH Pilot Program Could Boost This Niche Market October 11, 2017 Carisa Chappell While the pilot is limited to New Hampshire home buyers, Fannie thinks the pilot could open the door to other states doing something similar…Read More
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
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