NFHA Piles on Foreclosure-Related Accusations Against BofA. Zika Allegations Too. BofA Disputes the Charges September 1, 2016 Brandon Ivey The consumer advocate charges that BofA is exacerbating the risk of spreading the Zika virus in South Florida…Read More
Short Takes: ‘Fix n Flip’ Lender Jordan Should Have a Record Year / Help Wanted: SVP of Sales / Nonprime Retail Firm Angel Oak Continues Expansion / Declining MSRs at Prospect Mortgage / Luther Hires Former Finance of America Official September 1, 2016 Paul Muolo Retail nonprime/non-QM originator Angel Oak Home Loans is continuing its national expansion...Read More
HUD Updates Single-Family Property Disposition Regulations September 1, 2016 George Brooks The codified changes include limiting the provision of settlement-cost assistance to owner-occupants. Read More
TRID Compliance Issues Disclosed on New Nonprime MBS from Angel Oak, Deephaven September 1, 2016 Brandon Ivey The originators believe they made a good-faith effort to address all TRID violations through the issuance of revised disclosures…Read More
FCC Limits ‘Robocalls’ on Mortgage Collections, More… August 31, 2016 Thomas Ressler The new rules apply to each caller, rather than each debt…Read More
Lone Star Prepares Second Nonprime MBS of 2016, Possibly the Largest Deal of the Post-Crisis Era August 31, 2016 Brandon Ivey The new security also will include mortgages originated by Sterling Bank & Trust…Read More
Steady as She Goes in Subservicing Market. Cenlar Continues to Dominate August 31, 2016 Paul Muolo Certain subservicers, including Nationstar Mortgage, continue to solicit others to shift their servicing chores over to them…Read More
Some Lenders Expect to Set New Production Records in August August 31, 2016 Paul Muolo One originator described August’s activity as “busy, crazy busy…”Read More
Short Takes: In the Jumbo Space, Banks Were the Top Gainers / Dave Stevens Isn’t Interested in the Job, but … / Former Mortgage Chief Indicted August 31, 2016 Paul Muolo and George Brooks What Stevens describes sounds like something a trade group might want to do...Read More
The Six-Month Tally: FHA Production Up 8.4 Percent, VA by Almost 13 Percent August 30, 2016 George Brooks It was the highest three-month total for government-insured lending on record, although private mortgage insurance did more business in the second quarter than either FHA or VA…Read More
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