Wedbush: Expanded Credit Could Add $200 Billion of Originations August 24, 2017 Paul Muolo Publicly traded lenders that could benefit from the trend include First Republic Bank, Flagstar Bank, Nationstar Mortgage and U.S. Bank…Read More
Mortgage Brokers Post Big Gains in 2Q17 August 24, 2017 John Bancroft Mortgage brokers saw their market share top 11.0 percent in the second quarter, the highest reading in quite some time, Inside Mortgage Finance found…Read More
Industry Glad that CFPB Will Close the TRID ‘Black Hole’ August 24, 2017 Thomas Ressler As a result, the closing disclosure can generally only be used to reset tolerances based on events that occur within seven days of closing…Read More
Regulators Propose Halt of Tougher MSR Capital Requirements for Regional Banks August 23, 2017 Brandon Ivey The proposed suspension generally applies to banks with less than $250 billion in total assets.Read More
Short Takes: Mortgage Apps Decline / What to do About Fannie and Freddie? / A Fast Grower, Guild has its Eye on M&A / Walter Bolting Reverses / A Promotion at UWM August 22, 2017 Paul Muolo, George Brooks, and Carisa Chappell A fast grower, Guild Mortgage is open to buying other shops...Read More
Despite Coming Ban, Starwood REIT to Buy Non-QMs with FHLBank Help August 22, 2017 Brandon Ivey Starwood didn’t disclose the volume of non-QMs it has acquired at this point.Read More
Wells Fargo Wins the Bid for Seneca Mortgage August 22, 2017 Paul Muolo Other bidders on the $53.6 billion MSR portfolio include JPMorgan Chase and New Residential…Read More
The Final Tally for 2Q17: FHA Lending Up, VA Production Down August 22, 2017 George Brooks Nonbank home originators continued to dominate the top five FHA rankings...Read More
Watchdog Group Seeks Answers from CFPB About Clayton Homes’ Lending Practices August 22, 2017 Thomas Ressler Clayton Homes is one of the nation’s largest mobile home sellers, and is owned by Warren Buffett’s Berkshire Hathaway.Read More
Ellington Financial Sells $86 Million Worth of Notes August 22, 2017 Sherry Muolo Ellington is showing an increasing interest in the non-QM market…Read More