Spring is Here – and Mortgage Loan Officers are in Demand March 21, 2016 Paul Muolo With commercial banks continuing to pare back their role in the mortgage market, nonbanks are aggressively hiring top performers.Read More
Short Takes: Existing Home Sales – Blame it on the Blizzard and More / Lean Inventories a Problem / A Job Offer Almost Every Day / SoFi: So Little Information on its Loan Volumes / Second Liens Rising March 21, 2016 Paul Muolo The mortgage chiefs at “marketplace” lender SoFi were at the recent ABS Vegas show talking up their business with other lenders...Read More
MBS Inventory Creeped Higher in Late 2015, No Shortage of Investors March 18, 2016 John Bancroft There are two sides to the story. A year from now, the agency MBS market could reach the $6.0 trillion mark...Read More
Trouble in Appraisals? FHA and VA Valuations Often Miss the Mark March 18, 2016 Brandon Ivey A Realtor based in California noted that selling prices are generally increasing, but at widely disparate rates based on location...Read More
Why Sell Your Home When You Can ‘Trade’ It? March 18, 2016 Carisa Chappell There is, however, a 0 to 6 percent fee...Read More
GSE Funds Finally Flow Into Government-Mandated Affordable Housing Programs; GOP Not Happy March 18, 2016 Paul Muolo When the two GSEs were losing money earlier in the decade, then-Acting FHFA Director Edward DeMarco suspended the contributions before any had ever been made.Read More
What We’re Hearing: A Wakeup Call for the CFPB? / Tombstone Blues? / The Strange Case of W.J. Bradley / Former FHFA Chief DeMarco: Congress Should Take a Close Look at FHA and Ginnie Mae / A Big Hire for AmeriSave Mortgage March 18, 2016 Paul Muolo DeMarco, by the way, called on Congress to take a “thoughtful” review of the FHA program and Ginnie Mae’s role in housing finance. Read More
Home-Equity Lending Up Solidly in 2015, but Balances Wane March 17, 2016 John Bancroft Home-equity originations declined by a modest 3.0 percent from the third to the fourth quarter...Read More
CFPB’s Cordray: ‘Diagnostic’ Approach to TRID Still in Effect, But… March 17, 2016 Thomas Ressler Whether mortgage lenders get any additional, official clarification or guidance regarding the TRID rule is another matter entirely.Read More
Western Asset Management Will Increase Holdings of Non-QMs Seeing Profits Where Others Fear to Tread March 17, 2016 Brandon Ivey Anupam Agarwal, CIO of Western Asset Mortgage Capital, noted: “Well, that unicorn doesn’t exist.”Read More