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Lenders Using ‘Big Data’ for Originations Could Face Regulatory Scrutiny

January 15, 2016
Carisa Chappell
Angela Klein, an attorney with the law firm Morrison & Foerster, said her firm has been talking to mortgage lenders that use big data about the risk and how little guidance there is about it.
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What We’re Hearing: A Big Year for Mortgage M&A? Don’t Bet On It / Jamie Dimon’s Thrift / Borrowing Short and Lending Long / When’s the Last Time a Megabank Bought a Mortgage Company? / $1.7 Trillion in Originations?

January 15, 2016
Paul Muolo
When’s the last time a regional or megabank bought a nonbank mortgage company? Wells Fargo? JPMorgan? BofA? Citigroup? Nope, none of them, that we can recall...
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Redwood: We Have to be Out in Five Years but Our Loans Last 9.5 Years

January 14, 2016
Paul Muolo
On Thursday, Redwood’s stock was trading for $12.41, just pennies above its 52-week low of $12.31...
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Fannie/Freddie Business with Private MI Fell in 4Q; A Shift to FHA/VA?

January 14, 2016
John Bancroft
However, for all of 2015, private MI volume in Fannie/Freddie MBS was up 25.2 percent from 2014...
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Residential Lending Could Remain Strong This Year – Thanks Partly to the TRID ‘Backlog’

January 14, 2016
Brandon Ivey
Closing delays caused by TRID will push a certain amount of loan production into the first quarter of 2016. But how much?
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JPM Suffers a 23 Percent Decline in Residential Lending, but Megabank Continues to Hoard Loans for Balance Sheet

January 14, 2016
Paul Muolo
At yearend, JPM held $157.1 billion of what it calls “prime mortgages” (including option ARMs), a stunning 48 percent increase over the past 12 months.
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Real Estate Values in Colorado Head North. The Marijuana Effect?

January 14, 2016
Sherry Muolo
Has the marijuana trade bolstered home values in the Rocky Mountain state?
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Short Takes: Another Refi Boom in the Works? It Sounds Crazy But… / Watch the Stocks / A 3.75 Percent 30-year FRM? / BankUnited Kills Retail Home Lending / Weitz Sticks With Redwood Trust / A Correction

January 14, 2016
Brandon Ivey and Paul Muolo
Yet another funder has pulled the plug on traditional retail mortgage lending, but will remain a correspondent buyer...
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The TRID Compliance Mess Continues: a 100 Percent Rejection Rate by One Investor

January 13, 2016
Paul Muolo
A 100 percent rejection rate? That's a problem...
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‘Risk Fee’ or No Fee: Different Approaches for Fannie and Freddie

January 13, 2016
Carisa Chappell
In the past, some lenders have complained about forced buybacks because of loan defects even when a mortgage is current.
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