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
Lone Star Preps Nonprime MBS that Could be the Largest Issued with Post-Crisis Originations September 5, 2017 Brandon Ivey The nonprime mortgages were sourced through Lone Star affiliate Caliber Home Loans and other lenders…Read More
The Yield on the 10-Year Treasury Hits a 10-Month Low. More Refis? September 5, 2017 Lower rates could translate into more refinancings, but could cause hedging problems for Fannie Mae and Freddie Mac…Read More
Jet Direct Takes Off Into Wholesale September 5, 2017 Sherry Muolo The company hired industry veteran Joseph Boiano to oversee the new division…Read More
Short Takes: Trump Tax Cuts Could Damage High-End Market / Almost 60 Groups Fight for Vote on Patenaude / The Signors / Hurricane Damage Update / A New Hire for Mortgage Network September 5, 2017 Paul Muolo and Thomas Ressler Groups signing the Patenaude letter include the Center for Responsible Lending, Community Mortgage Lenders of America, NAACP, NAR and many others…Read More
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