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Appraisal and Property Issues Accounting for Larger Share of Closing Delays

February 26, 2015
Brandon Ivey
Closing delays related to appraisals, title search, insurance and property inspections have all increased in terms of market share in recent months, led by appraisal issues.
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Short Takes: Gone But Not Forgotten: MetLife’s Mortgage Unit / BB&T Facing Heat from DOJ and HUD OIG / Walter Optimistic, but Investors Aren’t / The ‘Father’ of the CFPB: President Jimmy Carter

February 26, 2015
George Brooks, Paul Muolo, and Thomas Ressler
Although Walter Investment Management lost a ton of dough in 2014, it sees brighter days ahead...
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Over Two Years, JPM Has Slashed Mortgage Staff by 41 Percent

February 25, 2015
Brandon Ivey
Kevin Watters said Chase has reduced its mortgage staffing levels due to declines in originations and improvements in mortgage performance.
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HUD Pushing for Authority to Force Servicers to Use Subs for High-Touch Product

February 25, 2015
George Brooks
Last year, House appropriators turned down a request that would have allowed the FHA to charge a fee of 2 to 4 basis points to lenders prospectively...
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Credit Reporting Complaints Rise; Experian the Complaint ‘King’

February 25, 2015
Thomas Ressler
Experian led the pack in terms of complaints with a cumulative total of 15,847.
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Short Takes: $558 Billion in Delinquent Mortgages / Subprime Looking Up / How Much Will Ocwen Cut in India? / PHH’s Retail Perceptions / Dealing with the CFPB

February 25, 2015
Paul Muolo
One of the biggest knocks on PHH Mortgage is that it has little in the way of traditional retail, relying instead on private label partners like Merrill Lynch.
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Ginnie Servicing Rights Top $1.5 Trillion but Growth Slows

February 25, 2015
George Brooks
PennyMac Loan Services, the only nonbank to rank among the top five, had one of the strongest growth rates with 56.7 percent.
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10 Mile Capital Ready to Invest in Mortgage Banking Firms

February 25, 2015
Paul Muolo
A veteran of Bank of America, GE Capital and other financial service firms, Williams said he hopes to unveil 10 Mile’s first investment in April.
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Warehouse Commitments on the Rise Again; How Long Can it Last?

February 24, 2015
Paul Muolo
The only thing bothering most warehouse managers is how long the good times can last.
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WinWater Goes a Little Outside the Box on New Jumbo MBS: LTVs North of 80 Percent

February 24, 2015
Brandon Ivey
KBRA said its loss model is highly sensitive to the increased probability of default associated with mortgages that have high combined LTV ratios.
Read More
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