Short Takes: Is Nationstar Listening to Trump? / India Office Will Stay Open / What Will Ocwen Financial Do? / Big M&A Maybe / DocMagic Ready for UCD June 21, 2017 Paul Muolo The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?Read More
Is it Too Late to Delay the New HMDA Requirements? July the Point of No Return? June 21, 2017 Thomas Ressler “We can’t futz around until October,” said attorney Richard Andreano…Read More
New HMDA Requirements ‘No Big Deal’ for Small Lenders, Professor Says June 20, 2017 Thomas Ressler Georgetown University law professor Adam Levitin notes, “In other words, this just ain’t a big deal.”Read More
Nonbanks to FHFA: We’d Rather You Didn’t Examine Us June 20, 2017 Paul Muolo Bottom line: Nonbank mortgage firms don’t want another regulator to answer to…Read More
Banks and Thrifts Continue to Backpedal From Mortgage Servicing June 20, 2017 John Bancroft Not all depositories are retreating from the MSR market. The credit union industry reported a combined $197.6 billion in mortgage servicing for others at March 31, up 1.5 percent…Read More
AIG Subs Ready First Jumbo MBS Deal. Expected Size: $512 Million June 20, 2017 Brandon Ivey Other contributors to the deal include Stearns Lending, American Pacific Mortgage and Cornerstone Home Lending.Read More
TRID Played a Huge Part in Mortgage Defects Last Year June 20, 2017 Thomas Ressler If there’s a TRID error, secondary market investors will not buy the loan or will pay less for it…Read More
IG Sounds Warning: 87 Percent of HUD’s Tech Systems Near the End of Their ‘Life Cycle’; Math Problems Ensue… June 20, 2017 Paul Muolo The problem is so bad that HUD is having trouble doing mathematical calculations…Read More
Short Takes: Fed Vice Chair Fischer Says Go with the ‘Explicit’ Guarantee / Asking the Fed’s Opinion on GSE Reform? / FBR Bullish on MI / A Slight Pay Cut for MGIC’s CEO / Ocwen Hires Ex-Stonegate Executive June 20, 2017 Paul Muolo FBR believes continued changes at FHA will benefit private mortgage insurers... Read More
FHFA to Seek Authority to Examine Nonbank GSE Servicers June 19, 2017 John Bancroft Counterparty risk appears to be on the mind of the FHFA…Read More
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