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CFPB’s TRID Rule Gets the Blame for a Rise in Mortgage Defects

September 20, 2016
Thomas Ressler
In fact, these two categories are responsible for more than 75 percent of all defects.
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Mortgage Trade Groups Fear an 'October Surprise' on the GSE CSP

September 20, 2016
Paul Muolo
“We’re extremely concerned the CSP would be transferred to a nonprofit or a corporation where the board members include executives from JPMorgan Chase or GE Capital,” CMLA's Corso said.
Read More

MountainView, Prestwick Roll Out New MSR Auctions

September 20, 2016
Paul Muolo
As rates increase, more deals are hitting the market...
Read More

Short Takes: The Wells Fargo Senate Barbeque / The Scandal’s Effect on Wells’ Mortgage Business? / Hats Off to the Los Angeles Times / Sen. Warren Slams Stumpf / Jumbo Update

September 20, 2016
Brandon Ivey and Paul Muolo
Will a potential residential mortgage customer bolt Wells Fargo because they can’t trust the bank’s employees, including its retail loan officers?
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On the Rise Again: Bank Repurchases of Mortgages

September 19, 2016
John Bancroft
All of the second-quarter increase can be attributed to Bank of America, which reported $372.0 million in repurchases for the period – up $67.0 million from the first quarter.
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GSEs Have A Strong August; Market Share Gains?

September 19, 2016
John Bancroft
Fannie and Freddie could top last year’s $824.8 billion in single-family MBS issuance by the time 2016 is over…
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Deal Agent Concept for Non-Agency MBS Closer to Reality with Release of Sample Document

September 19, 2016
Brandon Ivey
However, the sample deal agent agreement doesn’t address one of the remaining controversial issues: how much to pay for their services.
Read More

Ginnie Chief Tozer Lays it on the Line About MSR Values, Liquidity

September 19, 2016
Paul Muolo
Senior Vice President of Issuer and Portfolio Management Michael Drayne said recently the revised acknowledgement agreement could be ready by the end of September.
Read More

Credit Unions Voice Concerns over GSE CSP Project. A Level Playing Field?

September 19, 2016
Carisa Chappell
NAFCU wants the FHFA to preserve existing Fannie and Freddie securities so they don’t become unmarketable after the launch…
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Phoenix Flow Deal Could Yield $3 Billion in Product

September 19, 2016
Paul Muolo
The identity of the seller was not revealed in the offering circular except to say the company is “well capitalized.”
Read More
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Latest Imf News

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