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Four Banks Contemplating Nonprime Warehouse Lines?

August 13, 2013
Paul Muolo
Is the warehouse market about to open up to select hard money lenders? Perhaps, but it won't be a tidal wave.
Read More

Short Takes: CashCall Sued by NY AG but Not Over Mortgages / Sen. Jack Reed Shows Some Love for the GSEs / QRM Coming Soon? / ASF Tells Servicers to Reject Eminent Domain Offers / Trailer Park Loans Get an Appraisal Break

August 13, 2013
George Brooks and Paul Muolo
CashCall may be in trouble with New York State. So, where's Senator Reed's GSE bill?
Read More

HUD May Scotch Richmond's Eminent Domain Dreams

August 13, 2013
George Brooks
According to a new letter obtained by Inside Mortgage Finance, HUD says it is uncertain whether any new loan created under the controversial eminent domain plan would qualify for FHA insurance.
Read More

VA Originations Still Humming Along, Well Sort Of

August 12, 2013
George Brooks
Combining their year-to-date results, the FHA and VA reported $105.5 billion of single-family originations during the second quarter of 2013.
Read More

HAMP Activity Declining, Servicers Favor Proprietary Mods

August 12, 2013
Brandon Ivey
Even with the incentive fees offered by the HAMP program, residential servicers favor proprietary mods.
Read More

With Refis Tanking, Can CashCall Get Sold?

August 12, 2013
Paul Muolo
As refinancings continue to fall, lenders that specialize in such loans will see their franchise values drop dramatically.
Read More

HUD Tightens Underwriting Guidance on Borrower Judgments

August 12, 2013
George Brooks
The guidance, effective October 15, applies to manually underwritten FHA loans and requires lenders to document reasons for approving a mortgage when the borrower has collection accounts or judgments.
Read More

Bulk Market Continues to Spit Out MSR Offerings

August 12, 2013
Paul Muolo
Investors searching for residential servicing rights can take a run at new offerings from Interactive Mortgage Advisors and MIAC, among others.
Read More

Short Takes: At Least Harry Reid Likes the GSEs / Uncle Sam Takes In More Revenue, Thanks to Fannie and Freddie / Greenlight Earned How Much Last Year? / HSBC Official Joins Mortgage Master / Calling All Warehouse Lenders

August 12, 2013
Paul Muolo
Senate Majority Leader Harry Reid appears to have come out in support of Fannie Mae and Freddie Mac. But will other elected officials follow suit?
Read More

Fair Lending Considerations Important to QM Points-and-Fees Calculation

August 9, 2013
Thomas Ressler
Lenders would be well served to periodically re-assess the fair lending impact of their policies especially in regard to the qualified mortgage rule.
Read More
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