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CFPB Proposes Clarifications to HMDA Rule; What Exactly is an ‘AU’ System?

April 25, 2017
Thomas Ressler
Such loan terms as “temporary financing” and “automated underwriting system” would be clarified…
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The Wild Card for Ocwen: Getting (Some of) Its Servicing Yanked

April 25, 2017
Paul Muolo
Fitch notes that New Residential Investment Corp., a publicly traded REIT, owns $118.7 billion in servicing rights that are being subserviced by Ocwen.
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Short Takes: Fannie Mae’s Goal: to Help Those with Student Loans / As Long as Someone Else Pays / Fannie is NOT Entering the Student Loan Business / The Key: Cutting G-Fees / Quicken Hires Fiat’s Ad Guy

April 25, 2017
Paul Muolo
A Fannie spokesman stressed that this effort in no way represents the GSE getting into the student loan business…
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Ocwen Files to Block Sanctions in Illinois and Massachusetts; Plans to Fight All the Other States as Well

April 25, 2017
Paul Muolo
The company adds: “Under these circumstances, Ocwen has a responsibility to its customers, shareholders, and employees to vigorously defend the company.”
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Servicing Transfer Activity Slowed in 1Q17; Fannie’s Temporary Freeze a Factor

April 24, 2017
John Bancroft
Matrix Financial Services edged out Lakeview Loan Servicing as the top acquirer of servicing rights through co-issuance deals…
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Signs of Life in Ginnie Mae Servicing Sales? MIAC Out with a $2.1 Billion Package

April 24, 2017
Paul Muolo
The MSR portfolio that MIAC is selling has an average FICO score of 672…
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Loans from Caliber, Sterling Bank in Record-Breaking Nonprime MBS from Lone Star

April 24, 2017
Brandon Ivey
The Sterling loans tend to have tighter underwriting characteristics than Caliber’s contributions.
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‘Fix & Flip’ Lenders Turn to Loan Brokers

April 24, 2017
Paul Muolo
Meanwhile, over at the Pasadena, CA-based CALCAP, its use of third-party brokers to make loans is just getting underway.
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Investors Unite Criticizes Parts of MBA’s GSE Plan

April 24, 2017
Paul Muolo
Investors Unite: “We’re encouraged to see that MBA has changed its position on both of these issues and we also note that in their [sic] paper, MBA acknowledges the role of the Federal Housing Finance Agency … in stabilizing the companies during the conservatorship.”
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Short Takes: A Major Reorg in the Offing? / 24 States and Ocwen / Arch Readies 1Q17 Results / National MI in Linked Note Deal / Delinquency Figures on Lone Star-Related MBS / Alterra Hires Sales Chief

April 24, 2017
Paul Muolo and Brandon Ivey
Arch Capital will issue its quarterly earnings this Wednesday, April 26. It will mark the first earnings release following the Arch Mortgage Insurance purchase of competitor United Guaranty…
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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