Will CFPB Director Cordray Bolt by Labor Day? August 17, 2017 Thomas Ressler The clock is ticking on Richard Cordray’s political ambitions in Ohio…Read More
Citadel Offering One-Month Bank Statement Program with Minimum Credit Score of 700 August 17, 2017 Brandon Ivey In its new bank-statement program, Citadel will make mortgages of up to $3 million…Read More
Government-Insured Mortgages the Biggest Gainer in 2Q17 August 17, 2017 John Bancroft Roughly 71.0 percent of second-quarter primary-market originations of first-lien mortgages were purchase loans, the highest reading in years…Read More
Short Takes: HUD Deputy Nominee Waits on the Senate, Still / Refis Rising? / A Private Placement for Ellington / Ellie Goes After the Big Boys / A Share Price Estimate of Zero August 16, 2017 Paul Muolo Mortgage software provider Ellie Mae said in a recent SEC filing that “part” of its business strategy is to target larger mortgage lenders...Read More
Fannie, Freddie Earnings Could Hit $10 Billion in 3Q17 Thanks to RBS Settlement August 16, 2017 Paul Muolo If the $10.4 billion figure proves accurate it will result in another hefty dividend payment by Fannie and Freddie to the holder of its senior preferred stock: the U.S. Treasury.Read More
For Sale by MountainView: $94 Million of NPLs/RPLs and More August 16, 2017 Paul Muolo Over the past three years MountainView has sold $3.8 billion of whole loans as measured by unpaid principal balance…Read More
Alternative Credit Scores for GSE Loans will Have to Wait for the Single-Security Project August 16, 2017 Carisa Chappell Mel Watt called the credit score explorations one of the “most difficult” evaluations he’s taken on as FHFA director.Read More
Federal Appeals Court Rules Mortgage Underwriters are Entitled to OT Pay August 16, 2017 George Brooks Under this test, an employer must show that the employee is paid at least $455 per week…Read More
Mortgage Hiring Spree Tapering Off? August 16, 2017 Paul Muolo Another digital lender that’s hiring is NewFi Lending of Emeryville, CA…Read More
Short Takes: What REITs and Fannie & Freddie Have in Common / Replacing One Burden with Another / Who is Western Bancorp? / PHH’s Warehouse Providers / A New Hire for LenderLive August 15, 2017 Paul Muolo A higher dividend than what Fannie and Freddie pay?Read More
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