Inspector General Recommends CFPB Overhaul Nonbank Examinations December 21, 2021 Sam Manas The IG pinpointed four specific problem areas for the supervision...Read More
Still No. 1 in Reverse Mortgage Lending: California December 21, 2021 Monica Hogan The second largest HECM state? Answer: Colorado...Read More
Rocket Set to Spend $1B-Plus for App Acquisition, Stock Suffers December 20, 2021 Paul Muolo Truebill also renegotiates bills on its clients’ behalf, saving them as much as 20% on services...Read More
Looser Underwriting Becoming a Concern in the Non-Agency Market December 20, 2021 Brandon Ivey Industry veteran Rudy Orman of Reliant Bank worries about lenders offering debt service coverage ratios of less than 1.Read More
Correspondent Channel Up in Declining FHA/VA Market December 20, 2021 John Bancroft Correspondent, however, is below its former glories in the government-insured market...Read More
MBA Lobbies for Changes to FHA Single-Family Handbook December 20, 2021 Monica Hogan On the wish list: a rule allowing private flood insurance on FHA loans and much more...Read More
Banks Beat the Fed in MBS Investments in 3Q but Not By Much December 17, 2021 John Bancroft Although the central bank this week announced new plans to scale back growth in its holdings, it added $175.27 billion in 3Q21...Read More
NCUA to Allow Credit Unions to Acquire MSRs from Other CUs December 17, 2021 Brandon Ivey Certain credit unions will finally be allowed to acquire mortgage servicing rights starting in April.Read More
Inspector General Calls on CFPB to Improve Supervision of Nonbanks December 17, 2021 Sam Manas In 2016, the GAO found that the bureau lacked a comprehensive list of nonbank mortgage servicers...Read More
As the Calendar Ticks Down, Bulk MSR Sales Proliferate December 17, 2021 Paul Muolo Meanwhile, David Fleig, president of MorVest Capital, was reporting “very strong” interest in MSR financing on the part of independent mortgage bankers.Read More
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