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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…
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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.
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Nonbank Lenda Gets Backing of $5.25 Million

September 18, 2017
Sherry Muolo
Lenda originally began as a refinance provider in 2013…
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HECM Production Up Almost 26 Percent in First Half of 2017

September 18, 2017
George Brooks
Despite increased originations, FHA data show HECM production, in general, has been on a gradual decline for several years…
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A Growing Problem: VA ‘Rapid’ Refis

September 18, 2017
George Brooks
Acting Ginnie Mae President Michael Bright confirmed the resurgence of inappropriate streamline refinancing in securitization pools, promising a crackdown…
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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...
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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...
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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.”
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Interest in Mortgage Tech Heats Up

September 14, 2017
Paul Muolo
Blend announced a stunner – it had raised $100 million in “Series D” funding…
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Nonbanks Continue Market Takeover in 2017, Could Pose Risk to GSEs, FHA and Ginnie

September 14, 2017
The growing reliance on nonbanks could pose a risk to the government housing agencies, according to a recent study by the Urban Institute’s Housing Policy Center. Just four years ago, banks originated 70 percent of new mortgages, the researchers noted. But in 2017 nonbanks are originating 60 percent of all new mortgages and 76 percent of loans destined to be securitized by Ginnie Mae. UI called...
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Latest Imf News

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