Experts Advise on How Best to Deal With Shifting Fair Lending Issues June 30, 2015 Thomas Ressler Many in the industry wonder why it appears that access to credit remains so tight, seven years after the last financial crisis. Read More
Jumbo Underwriting Standards: Yes, There’s Variety June 30, 2015 Brandon Ivey The rating service reviewed 70 aspects of underwriting, including minimum credit scores, loan limits, tax return standards and appraisal requirements.Read More
Fitch Ranked First in ABS Ratings During Early 2015 June 30, 2015 John Bancroft Fitch raised its ABS rating share from 55.0 percent for all of 2014 to about the same level it had back in 2013.Read More
RoundPoint Buyer Walks, Firm Still Open to Offers June 29, 2015 Paul Muolo According to figures compiled by Inside Mortgage Finance, at March 31, RoundPoint serviced $46.88 billion in home mortgages.Read More
Due to Recent Data Breach, IRS Denies Some Lenders’ Request for Tax Transcripts June 29, 2015 George Brooks According to the RHS, the Internal Revenue Service action is meant to deter any fraud that might result from identity theft.Read More
Bank Holdings of Non-Agency MBS Dwindle June 29, 2015 Brandon Ivey Bank holdings of non-agency MBS declined by 16.1 percent compared with the first quarter of 2014...Read More
Regulators in Washington State Accuse Quicken on False VA Loan Ads June 29, 2015 George Brooks Since then, Quicken has conducted a thorough review and has “proactively taken steps to ensure all [VA] mailings reflect our brand and quality standards,” Emerson said.Read More
After Hedge Fund Accumulates Large Stake, Walter Enacts ‘Poison Pill’ Language June 29, 2015 Paul Muolo In total, the Baker Street hedge fund now controls 8.4 million shares of Walter Investment Management, the parent company of Green Tree Servicing.Read More
Another Call Center Operation Sold: Prospect Mortgage Buys Certain Assets of CapWest June 29, 2015 Paul Muolo According to figures compiled by Inside Mortgage Finance, the privately held Prospect ranks 34th among all residential lenders.Read More
On the Rise: Securitization of VA Jumbo Mortgages June 29, 2015 George Brooks VA jumbo originations outpaced FHA jumbo production, which totaled $2.8 billion in the first quarter, up 17.0 percent from the prior quarter.Read More