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BB&T Reports Warehouse Commitments of $2.8 Billion

April 26, 2016
Paul Muolo
Warehouse consultant Larry Charbonneau noted that he knows of at least two new entrants to the business.
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Fannie Mae Will Focus on Reperforming Loan Securitization

April 26, 2016
Carisa Chappell
As part of the program, the GSE will enhance loan-level disclosures for the RPLs to provide more transparency.
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Short Takes: When In Doubt, Bolt the FHA? / A Record ‘Tightness’ for Non-Agency? / Mortgage Banking is Only Good When Hot / Essent Gets LOC / Parkside Hires Former BofA Executive

April 26, 2016
Brandon Ivey and Paul Muolo
One industry consultant warns that when times are good, mortgage banking income can “turbocharge” earnings but...
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Growth in Servicing VA Mortgages Outpaces FHA; Nonbanks Take More Share

April 25, 2016
George Brooks
The nonbank share of the market for servicing mortgages in Gnnie Mae MBS increased from 35.05 percent at the end of the first quarter of 2015 to 46.73 percent at the end of the first quarter of 2016.
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Borrowers Like New TRID Forms, Even with Delays

April 25, 2016
Thomas Ressler
While most borrowers felt positive about the new forms, 63 percent said their experience with TRID prevented them from closing on their new homes within the desired timeframe.
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Fee on Lenders to Fund FHA Tech Upgrades Excluded from Appropriations Bill

April 25, 2016
George Brooks
The Mortgage Bankers hailed the bill for supporting a number of MBA priorities and for rejecting an administration proposal to fund FHA technology upgrades through a fee on lenders.
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Mortgage Warehouse Volume at Horizon Bancorp Declines in First Quarter, TRID Remains an Issue

April 25, 2016
Brandon Ivey
Craig Dwight, Horizon Bancorp’s chairman and CEO, indicated that the TRID mortgage disclosure rule had an impact on warehouse lending during the quarter.
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Short Takes: Delinquencies Decline / Comment Deadline for Controversial Survey / New STACR Deal / Assurant Fills in on Flood Insurance

April 25, 2016
Brandon Ivey and Thomas Ressler
The delinquency rate declined by 8.4 percent in March compared with February and was down 12.4 percent on an annual basis.
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GAO Questions CFPB’s Ability to Enforce Nonbank Servicers

April 22, 2016
Thomas Ressler
The GAO says the consumer regulator lacks comprehensive statistics due to external data constraints, and collecting this information is challenging...
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Another Week and More TRID Drama: Buyer Exits Correspondent Jumbo Space; Industry Gives Up Hope on ‘Official Guidance’

April 22, 2016
Paul Muolo
“Investors are taking the conservative approach,” said the Morrison & Foerster attorney. “No one wants to be the test case. They’re all worried about what a court might say.”
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