Short Takes: Genworth Moves Closer to Delinking MI Unit / The Hottest Real Estate Markets, According to Veros / Wells Fargo Loses a Regional Production Rep / The Fastest Growing Servicers are Franklin American and Quicken March 28, 2013 George Brooks and Paul Muolo Genworth moves closer to delinking from its mortgage insurance unit. Meanwhile, Wells Fargo has suffered the loss of a well-regarded regional rep.Read More
FHA Coverage Spikes in January, Wells and Quicken Lead the Pack March 27, 2013 George Brooks Try as they might, the government cannot keep a good MI program down. FHA endorsements rose almost 19 percent in January.Read More
Credit Unions Want Relief from CFPB Rules March 27, 2013 Thomas Ressler The credit union industry has appealed to the U.S. Senate for relief on rules and regulations coming out of the CFPB.Read More
Armed with $500 Million in Cash, Sterling Now Actively Bidding on MSRs March 27, 2013 Paul Muolo Sterling Partners of Chicago is one of many private equity firms eying servicing rights as an investment. But so far, it has yet to win any bids.Read More
Servicers Will Solicit Candidates Under New FHFA/GSE Modification Initiative March 27, 2013 Paul Muolo Severely delinquent Fannie Mae/Freddie Mac borrowers may get a shot at a streamlined refi under a new program unveiled Wednesday.Read More
Short Takes: MBA Hikes Origination Forecast, Applications Rise / Rep. Waters Applauds Move to Ban Incentive Payments on Force-Placed / Appraisal Complaints Continue / EverBank is How Large in Warehouse Lending? March 27, 2013 Paul Muolo Residential loan production for 2013 may turn out to be better than originally projected, thanks to a vastly improved purchase-money business. Read More
Short Takes: Are Loan Standards Really Loosening? / Two Harbors Looking Frothy? / Oil, Gas, and Servicing / Senate Banking Committee Chairman Retiring? / The Never Dying Story: Force-Placed Insurance March 26, 2013 George Brooks, Paul Muolo, and Thomas Ressler Urban legend: mortgage lenders are beginning to loosen loan standards. Well, maybe only for "rich" clients.Read More
Interest-Only Originations Rose by Almost 20 Percent in 2012 March 26, 2013 Brandon Ivey Interest-only lending picked up steam in 2012 despite new regulations that make the loans less attractive from a 'qualified mortgage' point of view.Read More
Are Nonbanks Aggressively Courting LOs From The Megabanks? March 26, 2013 Paul Muolo One loan officer was lured away by an offer of making $20,000 per month, Inside Mortgage Finance was told. Read More
Feds Scramble to Fulfill Dodd-Frank, Despite Hiring Binge March 26, 2013 Thomas Ressler In spite of the influx of new human resource assets, banking regulators have a mixed effectiveness when it comes to compliance with their own Dodd-Frank obligations.Read More