Mortgage Employment Keeps Rising, but for How Long? April 11, 2017 Paul Muolo Jeff Detwiler, president of Long & Foster, which also owns a mortgage banking firm, said the company’s attrition rate “is at its lowest.”Read More
Treasury Backs Away from Supporting Current FHFA Structure April 11, 2017 Carisa Chappell In a March 24 advisory, the Treasury Department announced its change of heart regarding the legal structure of the FHFA…Read More
Short Takes: Consumer Complaints Center on Credit Bureaus / LenderLive Completes PHH Deal / New Rez Issues Non-Agency MBS / Ben Carson’s ‘Listening Tour’ Arrives in Jacksonville, FL / Norcom Opens Denver Branch April 11, 2017 Brandon Ivey, Paul Muolo, and Thomas Ressler LenderLive hired a majority of the former PHH employees and rebranded the private-label facility...Read More
Mortgage Complaints Down Without Exception, Data Show April 10, 2017 Thomas Ressler Compared to the fourth quarter of last year, mortgage complaints declined by 14.8 percent.Read More
Are Nonbanks Losing Their Mojo with Fannie and Freddie? GSE Market Share Slips Again April 10, 2017 John Bancroft Single-family volume was down from the unusually high level in the fourth quarter of last year…Read More
Phoenix Capital Selling $2.5 Billion of Bulk GSE Servicing Rights April 10, 2017 Paul Muolo It’s not often that FHLB servicing rights hit the auction block…Read More
Mixed Performance for Nonbanks, but Quicken Strong April 10, 2017 Brandon Ivey Moody’s notes that the privately held Quicken Loans has strong profitability “due to its solid franchise position and strong capital levels…”Read More
UWM Funds $4.6 Billion in 1Q, Expects 2Q to be Much Bigger April 10, 2017 Paul Muolo UWM is the nation’s largest table funder in the nation, followed by Caliber Home Loans and Stearns Lending, according to a full-year 2016 ranking from Inside Mortgage Finance…Read More
Short Takes: Ocwen’s $6 Million Man / 21 Board Meetings in One Year / GSE Reform on Track for Next Year? / Senate Meeting on GSE Reform / FirstKey’s SFR Deal April 10, 2017 Paul Muolo Cowen assigns a 65 percent probability to a GSE bill becoming law next year…Read More
MBS and ABS Issuance Cooled in Early 2017 as Refis Swooned April 7, 2017 John Bancroft Fannie, Freddie and Ginnie securitized $156.80 billion of refi loans during 1Q17, down 35.1 percent sequentially, according to Inside MBS & ABS.Read More
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