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Equifax, Experian Top the CFPB Complaint List; Mortgage Gripes Down

April 6, 2016
Thomas Ressler
Total gripes to the bureau slid 5.0 percent in the first quarter and were off 3.0 percent on an annual basis...
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Consultant Floats Idea: Make Loan Officers Pay for Compliance Costs

April 6, 2016
Paul Muolo
The consultant has seen compliance costs rise, but without a commensurate cut in LO commissions...
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Short Takes: Discover, Liking Mortgages Again? / This Wouldn’t Happen at Yale! / WWWD? (What Will Watt Do?) / Now the Consumer Has the Upper Hand? / Stonegate Hires Alumnus

April 6, 2016
Carisa Chappell and Paul Muolo
FHFA chief Mel Watt is expected to issue a final decree this month…
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$128 Billion of GSE Loans Didn’t Meet the QM Test. The ‘Patch’ Saves the Day

April 5, 2016
John Bancroft
This so-called agency “patch” was set up to last for seven years, or until 2021...
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Nonprime Lender Citadel Intentionally Cuts Production Because of TRID

April 5, 2016
Paul Muolo
Citadel's pipeline is at roughly $150 million.
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Former FTC Official: CFPB Rules Have Driven Small Banks out of the Mortgage Business

April 5, 2016
Thomas Ressler
By imposing a one-size-fits-all mechanical underwriting system for mortgages, the QM rule has deprived community banks of a significant competitive advantage over megabanks, he argued…
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Short Takes: Jumbo MBS Ugly in 1Q16 / More TRID Nightmare Talk / CSS is Hiring / Marketplace Mortgage Continue Expansion / New Hires for WFG

April 5, 2016
Brandon Ivey and Paul Muolo
CSS, a joint venture of Fannie Mae and Freddie Mac, is hiring at its main site in Bethesda, MD, as well as its office in Pasadena, CA.
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Short Takes: 20 From WJB Land at Supreme / Bad Timing? / Joe Garrett Wants to Hold a CFPB Contest / The State of the TRID Scratch-and-Dent Market / GM&C Hires Former Fannie Mae Veteran

April 4, 2016
Paul Muolo
We also heard one report that earlier in the year a large production group from a competitor jumped ship and joined WJB in January.
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GAO Suggests Congress Give the CFPB More Power. What?

April 4, 2016
Thomas Ressler
Give the CFPB even more power? The GOP likely would not stand for such a thing...
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The Shifting Sands of Subservicing: Growth for Cenlar; Ocwen Loses Big

April 4, 2016
Paul Muolo
At yearend, Cenlar ranked first in subservicing contracts...
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Latest Imf News

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Featured Data

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