Bipartisan House Bill Allows Bank Loan Officers to Move Easily to Nonbanks May 7, 2015 Brandon Ivey The legislation would provide a temporary transitional license and give loan originators 120 days to pass testing standards...Read More
Short Takes: PHH and the Merrill PLS Contract? / What About Morgan and HSBC? / Stonegate Buries the Lead / Compass Point Not Impressed with Walter / PennyMac Joins an FHLB May 7, 2015 Brandon Ivey and Paul Muolo Most firms report the earnings/loss figure in the first or second paragraph of their press release, but not Stonegate Mortgage.Read More
Broker Market Share Up to 13 Percent; Is 20 Percent Doable? May 6, 2015 Paul Muolo Now that brokers are gaining traction, the big question becomes: how much more market share can they gobble up?Read More
First Republic Remains Top Jumbo MBS Lender May 6, 2015 Brandon Ivey Fun fact: First Republic was the only bank among the top five contributors to jumbo MBS issued in the first quarter. Read More
Delinquency and Foreclosure Performance Improves to Levels Last Seen in 2007 May 6, 2015 Brandon Ivey Nearly every firm tracked in the Inside Mortgage Finance Large Servicer Delinquency Index reported improvements in mortgage performance during the first quarter...Read More
Bank of America Throws 203(k) Loan Program Overboard May 6, 2015 Paul Muolo Among all FHA originators, Bank of America ranks eighth nationwide, based on January figures...Read More
Trade Group Calls for Disclosures on Loan Officer Qualifications May 6, 2015 Thomas Ressler Such disclosures also should show whether the LO has passed the SAFE Act test.Read More
Short Takes: FHFA’s Reps-and-Warranties Clarifications a Bust? / Deephaven’s Nonprime Volume a Mystery / A ‘Responsible’ Nonprime Lender / Mostly a Seller’s Market for Homes? May 6, 2015 Paul Muolo Deephaven's website boasts that it helps “aspiring” homeowners “purchase homes as soon as one day after foreclosure or short sale.” Read More
Fears Over TRID’s Impact Intensify as Clock Ticks May 5, 2015 Thomas Ressler As the TRID deadline approaches industry anxieties are getting stronger and more specific in nature.Read More
Redwood’s Mortgage Income Takes It on the Chin; But Outlook Improves May 5, 2015 Brandon Ivey Redwood posted just $2 million in income from residential mortgage banking activities in the first quarter. Read More