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Lenders Press the CFPB to Continue Its ‘Diagnostic’ Approach

October 26, 2016
Thomas Ressler
The ICBA noted that community banks have invested heavily in complying with the disclosure rules, but the complexity of the requirements has made it inevitable that some will be found non-compliant.
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Ginnie Mae Tries to Allay Investor Fears on Streamlined Refis

October 26, 2016
George Brooks
Ginnie Mae President Ted Tozer noted that investor participation “depends, in part, on a level of confidence that investment returns can be expected to be reasonably aligned with market conditions.”
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A Big (Sort of) Mortgage M&A Deal – But in the Commercial Space

October 26, 2016
Paul Muolo
On average, the California-based GEMBC facilitates roughly $800 million of commercial mortgages a year.
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MBA: Originations Look Decent for 2017

October 26, 2016
Paul Muolo
The higher purchase-money estimate – released at the MBA annual in Boston – is predicated on stronger household formations coupled with employment growth and rising wages.
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Short Takes: What a Trump White House Means for the GSEs / PHH Will Release 3Q16 Results on Election Day / Wedbush Initiates Coverage of PHH / Freedom From Reps & Warrants? / The First Hispanic-American MBS Chair / New Hires for Silver Hill

October 26, 2016
Paul Muolo
Wedbush's Henry Coffey notes that PHH is “facing a number of challenges,” including a struggle to restore profitability…
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Surprise: Ocwen Earns a Profit for 3Q16, but Revenue Slips While Company Cites Unpaid Settlements

October 26, 2016
Brandon Ivey and Paul Muolo
Ocwen, which in the past has been sanctioned by regulators for some of it servicing practices, also disclosed $10.0 million of additional reserves for a potential California regulatory settlement and $7.0 million of incremental reserves for a previously disclosed letter dating issue.
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Realty Giant RE/MAX Launches Mortgage Brokerage Franchise. The Concept: One-Stop Shopping

October 25, 2016
Brandon Ivey
Pairing real estate agents with loan brokers? RESPA attorneys start your engines...
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An Almost 10 Percent Gain in Originations for Flagstar

October 25, 2016
Paul Muolo
At Flagstar, refinances accounted for 57.6 percent of originations compared to 54.2 percent in the second quarter.
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A Milestone: Nonbanks Now Control 51 Percent-Plus of Ginnie Mae Servicing Market

October 25, 2016
John Bancroft
But there is one caveat: The VA sector is one business from which banks are not yet running away from…
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MBS Trading Volume Hit Yearly High in September. Improved Liquidity?

October 25, 2016
Paul Muolo
“Agency MBS prepayment speeds slowed in September, but they still hover near the multi-year highs reached last month,” according to a report from Keefe, Bruyette & Woods.
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Latest Imf News

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