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Short Takes: The Big TRID CFPB Pow-Wow / Pete Mills of MBA Weighs in on TRID at LO Show / 80 Percent of Lenders Having Problems? / A Loss for Parent of Nonbank / NCRC Chief Will Give Up One Title and Keep One

March 8, 2016
Paul Muolo
TRID errors were a topic of discussion at the LendersOne mortgage cooperative meeting in New Orleans. Pete Mills, senior vice president of the Mortgage Bankers Association, was giving a presentation.
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GSE MBS Market Share Continues to Fall; 2015 the Lowest Reading In Eight Years

March 7, 2016
John Bancroft
February’s new issuance was also the lowest monthly total for the GSEs since May 2014...
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The Jumbo MBS Drought is About to End

March 7, 2016
Brandon Ivey
Fitch didn’t adjust its loss expectations due to TRID compliance issues, noting that the risk for investors was “immaterial...”
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MBA Still Hopes for Clarity from the CFPB on TRID Errors

March 7, 2016
Paul Muolo
Stevens said there has been “a lot of back and forth” on the topic with the regulator…
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Wholesale Mortgage Team Seeks a New Home

March 7, 2016
Paul Muolo
According to survey figures from Inside Mortgage Finance, wholesale/broker production accounted for 9.6 percent of fundings in the fourth quarter of 2015...
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Ellington Ramps Up for Non-QMs; Sets a Goal of $20 Million Per Month

March 7, 2016
Brandon Ivey
Ellington is also investing in lenders that originate the loans.
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Short Takes: Lenders One Still Searching for a Permanent CEO / LOMC Hikes Dividends Paid to Members / Parseghian Steps Down from PHH Board / Ocwen Insider Buys Low / Amy Brandt Schumacher Joins New Penn

March 7, 2016
Paul Muolo
Wall Street veteran Greg Parseghian has informed the board of PHH Corp. that he will retire as director of the publicly traded nonbank.
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Agency MBS Issuance in February Hits Lowest Level Since November 2014

March 4, 2016
John Bancroft
The decline was largely based on a seasonal slump in purchase-mortgage activity. Looking forward, primary-market indicators point to a solid increase in consumer demand.
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One Last Boost for HARP as GSEs Target Borrowers with Older HAMP Mods

March 4, 2016
Carisa Chappell
The FHFA said about 16,000 HAMP borrowers facing resets are eligible for HARP.
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The CFPB Has Four Mortgage Priorities Over the Next Two Years

March 4, 2016
Thomas Ressler
The CPFB it will continue to work with institutions to support implementation of its mortgage rules and “begin to assess the effectiveness of significant rules.”
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