CFPB Official Tells ABS East Attendees: Show Us Data on How Consumers Have Been Harmed September 18, 2017 Brandon Ivey “We want to know if there are impediments because of our rules,” said CFPB Policy Analyst Patrick Orr…Read More
Prestwick Selling $1.8 Billion Bulk Fannie/Ginnie MSR Portfolio September 18, 2017 Paul Muolo The Fannie balance of the pool accounts for $1.33 billion of the receivables.Read More
Nonbank Lenda Gets Backing of $5.25 Million September 18, 2017 Sherry Muolo Lenda originally began as a refinance provider in 2013…Read More
Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network September 18, 2017 George Brooks, Brandon Ivey, and Paul Muolo The FHA nominee had been a Radian director since 2012…Read More
Interest in Mortgage Tech Heats Up September 14, 2017 Paul Muolo Blend announced a stunner – it had raised $100 million in “Series D” funding…Read More
Treasury Taking Meetings on GSE Issues, Including Zero Capital and Multiple Guarantors September 14, 2017 Paul Muolo Rob Zimmer, a former Freddie Mac executive: “Republicans run this town, obviously, and there is no way they want to be identified as the party of taxpayer bailouts for large financial institutions.”Read More
Short Takes: Patenaude Finally Gets Senate Approval to be the #2 at HUD / Acting Ginnie Chief Vows Progress on VA Refi Abuses / Radian Readies Huge Note Sale / A New Hire for eOriginal September 14, 2017 Paul Muolo Radian inked a deal with Wall Street underwriters this week to sell $450 million of senior notes due in 2024...Read More
CHLA Underscores Importance of Nonbanks September 14, 2017 George Brooks Nonbank lenders rely on their own capital and on warehouse loans to fund loans, rather than federally insured deposits...Read More
Redwood Sourcing ‘Expanded Prime’ Jumbos from Hundreds of Correspondents September 14, 2017 Brandon Ivey Redwood Trust has approved 185 originators to sell Choice loans directly…Read More
A Revision Coming for the Definition of ‘Home Mortgage Loan’ (CRA Changes) September 14, 2017 Thomas Ressler The amendments could take effect at the start of 2018…Read More
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