Wells Fargo’s Acquisition of Seneca Mortgage – a Fluke or Something Else? September 7, 2017 Paul Muolo In late August, a notice appeared on the website of the Federal Trade Commission under the banner of the agency’s “pre-merger notification program,” identifying Wells as the winning bidder…Read More
ICBA Says Government Seizure of Fannie and Freddie was ‘Questionable at Best’ September 7, 2017 Paul Muolo ICBA’s comment marks the first time that a major industry trade group has questioned putting Fannie and Freddie into conservatorship…Read More
Purchase-Mortgage Blowout: 2Q17 Highest Volume Since 3Q06 September 7, 2017 John Bancroft Purchase loans accounted for 67.5 percent of the estimated $455.0 billion in first-lien mortgage originations during the April-June cycle...Read More
Delinquencies Inch Up in 2Q17. A Trend or a Blip? September 7, 2017 Brandon Ivey The increase in delinquencies was driven by loans going late in 30-60 day category…Read More
Short Takes: Loan Closings Cancelled in Parts of FL as Hurricane Approaches / A Rarity: Podium Readies Jumbo MBS Backed by Reverses / Applications and Refis on the Rise / Freddie Exec Takes CIO Job with Subservicer Cenlar September 6, 2017 Paul Muolo, Brandon Ivey, and Sherry Muolo As another hurricane approaches the U.S. more loan closings are cancelled...Read More
CFPB’s Cordray to Give Ohio Speech on Date of Gubernatorial Debate. Meaning? September 6, 2017 Thomas Ressler Fun fact: Ocwen is one of the sponsors of the event where CFPB Director Richard Cordray will be speaking…Read More
Jumbo Servicing Continues to Increase for Most Firms; Performance Pristine September 6, 2017 Brandon Ivey Of the nation's top 10 jumbo servicers, just one is a nonbank: Ocwen Financial.Read More
First ‘Expanded Prime’ MBS from Redwood Shows Somewhat Looser Underwriting than Typical Super-Prime Jumbos September 6, 2017 Brandon Ivey Mortgages from 103 lenders will be included in the deal led by PrimeLending…Read More
Nine Years Ago, Fannie and Freddie Were Taken Over. Treasury is Now $82.3 Billion Richer September 6, 2017 Paul Muolo Investors Unite speaks for GSE shareholders – except senior preferred holders (the Treasury Department)…Read More
FHA Extends Interim Rules for Condo Project Approval September 6, 2017 George Brooks Spot-condo approvals would require property recertification every three years…Read More
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