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Non-Mortgage ABS Production Rebounds in Early 2016, But…

April 22, 2016
John Bancroft
Roughly $41.42 billion of non-mortgage ABS were issued in the first quarter, up 35.8 percent from the unusually low volume at the end of 2015.
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A Harbinger of Non-QM Lending to Come?

April 22, 2016
Brandon Ivey
Altavera chief Brian Simons said staffing requests suggest the industry is preparing for an increase in non-QM business.
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What We’re Hearing: Are Mortgage Loan Officers Overpaid? / Why the Mortgage Process is Complicated / Which is a Better Investment: Spending Money on LOs or Programmers? / A New Call Center on the Way? / Nationstar Compared to Ocwen and Walter

April 22, 2016
Paul Muolo
Then again, I’ve talked to recruiters who believe that good LOs are worth every nickel as long as they bring in the business.
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Six Months After TRID Implementation, Closing Times Finally Start to Improve … But Not By Much

April 21, 2016
Brandon Ivey
Closing times are improving but not by leaps and bounds.
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NAR Tells Congress About Investor Problems Caused by TRID – and Lenders Not Willing to Share the CD

April 21, 2016
Paul Muolo
NAR voiced its dismay that some mortgage bankers are making it difficult for Realtors to obtain a copy of the closing disclosure form or CD...
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Mortgage Attorneys Predict a Victory for PHH in CFPB-RESPA Case

April 21, 2016
Thomas Ressler
Former CFPB enforcement attorney Jennifer Lee said the Circuit Court was hostile towards the CFPB’s arguments on statute of limitations, separation of powers, constitutionality of the agency and more...
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Jumbo Lender First Republic Boosts Minimum Wage to $20 an Hour, Launches New Mortgage Program

April 21, 2016
Brandon Ivey
First Republic, which lends to the affluent, earned $148.87 million in the first quarter of 2016, up 6.3 percent from the previous period...
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Short Takes: Potential Trouble for Mortgage Employers? / A Crackup Coming for P2P? / Hey, What About an App That Lets You Foreclose by Hitting a Button? / Freedom Tosses Jumbo Loan / PRMG Likes ‘HomeReady’

April 21, 2016
Paul Muolo
Here's a product idea: hit a button on your cell phone and get foreclosed on...
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The Mortgage MSR Evolution Continues: From Banks to Nonbanks

April 20, 2016
John Bancroft
Nonbanks serviced $2.085 trillion of agency MBS at the end of March, a 2.9 percent increase from the fourth quarter.
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Fannie Mae Captured a Slice of Market Share in a Slumping 1Q16

April 20, 2016
John Bancroft
Wells Fargo was the top seller to the GSEs in the first quarter with $22.75 billion, followed by Quicken Loans ($11.33 billion) and JPMorgan Chase ($6.87 billion).
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Latest Imf News

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