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TD Bank Looks to Nearly Double LO Staff, Focuses on Growth in the Northeast

November 23, 2015
Brandon Ivey
In a statement, officials at TD Bank said the new hires will focus on originations in the Northeast.
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Ocwen Restarts Stalled Share Buyback Program, but Offers No Assurances

November 23, 2015
Paul Muolo
California had threatened to pull the company’s license over document requests that Ocwen was ignoring at the time. Eventually, the two parties came to terms.
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Short Takes: When Will the FHFA Say Something About Captives? / FHLB Advances Decline / Banks Still Top the List of Borrowers / LoanStar LO Count Reaches 120 / Executive Bolts LenderLive for Clayton

November 23, 2015
Carisa Chappell, Brandon Ivey, and Paul Muolo
LoanStar expects to originate $750 million of home mortgages this year and has set a goal of doubling that in 2016…
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Mortgage Profits at Banks Take a Turn for the Worse in 3Q15

November 23, 2015
John Bancroft
Unless mortgage-banking income takes another steep downturn in the fourth quarter, 2015 will likely prove more profitable than 2014 by a slim margin.
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Are Mortgage Lenders Missing the Mobile Boat?

November 23, 2015
Thomas Ressler
However, 40 percent of those lenders who do not offer a mobile app plan to make one available over the next 12 months.
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Bank MBS Holdings Soar to a New Record in 3Q15; BofA Especially Hungry

November 20, 2015
John Bancroft
Bank of America grew its MBS holdings by a stunning 22.7 percent in the third quarter, according to Inside MBS & ABS.
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Strong Opposition to FINRA Proposal on Margin Requirements for TBA MBS

November 20, 2015
Brandon Ivey
FINRA made some concessions to the industry in the proposal issued in October, but many MBS traders warned of dire consequences if the proposed margin requirements take effect.
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Hatteras Preparing to Issue its First Jumbo MBS; REIT Has Been Acquiring ARMs

November 20, 2015
Brandon Ivey
Moreover, during the quarter, the REIT joined the Federal Home Loan Bank of Atlanta.
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Prospect Mortgage in $10.2 Million Settlement With States Over Improper Fees

November 20, 2015
Paul Muolo
Prospect Mortgage said that although it settled, the lender did not admit “to any alleged violations of applicable laws, regulations or rules..."
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What We’re Hearing: FHA Premium Cut Coming…Eventually / A 4 Percent Capital Minimum for the FHA MMIF?/ Good, Let the Banks Leave / Tony Hsieh Addresses Scuttled IPO / Can loanDepot’s LOs Surf? / New Day Fined by the NYDFS

November 20, 2015
Paul Muolo
In the same blog post, Hsieh – who did not talk to the press about the scuttled IPO – described loanDepot as a “unicorn startup,” calling it “one of the very few success stories not from Silicon Valley.
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Latest Imf News

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