Buyers Continue to Hunt for Mortgage Firms; Mid-Sized Lenders Red Hot? June 3, 2015 Paul Muolo Chuck Klein, managing director for Mortgage Banking Solutions, agrees that most of the coming M&A activity will center on small- and medium-sized shops. Read More
CFPB to be Sensitive to Lenders on TRID Compliance June 3, 2015 Thomas Ressler The reassurance on TRID was given Wednesday morning to Richard Hunt, president and CEO of the Consumer Bankers Association...Read More
MBA: Residential Origination Profits Almost Doubled in 1Q15 June 3, 2015 Paul Muolo The findings were based on results supplied by 359 residential originators.Read More
Short Takes: FHFA Official Spills the Beans on LPMI, More / But Comments Made Behind Closed Doors / Mortgage Applications Down Modestly / Loans With MI Have Good Closing Record / A New Hire for Clayton June 3, 2015 Paul Muolo Not only is the FHFA scrutinizing lender-paid mortgage insurance products, but the agency might require higher capital standards...Read More
ATR Rule Has Done Little to Crimp Mortgage Activity by Banks June 2, 2015 Brandon Ivey Portfolio holdings of mortgages also have increased at a faster rate for smaller banks than larger ones.Read More
Streamline Refis Power VA-Backed MBS June 2, 2015 George Brooks California, Virginia, Texas, Florida and Washington, in sequential order, retained their VA securitization ranking from 2014.Read More
Two Harbors Turning Out to be a Prolific Issuer of Jumbo MBS June 2, 2015 Brandon Ivey Two Harbors is outpacing a fellow REIT, Redwood Trust, in terms of jumbo MBS deals with the latter putting more of an emphasis on whole loan sales.Read More
Short Takes: CFPB Fines of $1 Million a Day? / A Boon for Second-Lien Investors? / Billions of Dollars in HELOCs? / HARP Goes to Arizona / A New Hire for Hamilton June 2, 2015 Brandon Ivey and Paul Muolo According to one trader, secured nonperforming seconds sell in the secondary market for one penny on the dollar to 20 cents on the dollar…Read More
Blackstone’s ‘New’ Mortgage Company Can’t Take Apps Over the Web Until…the NYDFS Says So June 2, 2015 Paul Muolo In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a “roll-up” strategy...Read More
The Latest Lender to Pay Up via the FCA for FHA Violations: First Tennessee June 2, 2015 George Brooks The FHA loans were originated through the bank’s mortgage subsidiary, First Horizon Home Loans, which was sold to MetLife Bank in August 2008.Read More