CFPB Exams Continue Apace Despite the 'Mulvaney Effect’ November 13, 2018 Paul Muolo MBA’s Pete Mills noted that IMBs of all sizes from small to large are examined each year…Read More
Altisource’s Equator Includes a Blockchain Option in its Servicing Platform November 13, 2018 Brandon Ivey Altisource said the tech offering provides the option for individual mortgages to be tracked as individual chains of data via blockchain...Read More
KBW Raises Earnings Estimates on Fannie and Freddie, Questions CRTs November 13, 2018 Paul Muolo As of Sept. 30, Fannie and Freddie had some form of risking sharing on 38 percent to 42 of their guaranteed portfolios, respectively.Read More
Industry Calls for CFPB Rulemaking to Clarify the Role of Guidance November 13, 2018 Yemeng Yang Lenders continue to worry about examiners critiquing them on issues not based in law…Read More
Short Takes: Assessing the Value of GSE Common / The Prior Decade and GSE Share Prices / Worrying About Home Values in California / Another MBS Settlement for Wells Fargo / Vendor Hires Fannie Mae Official November 13, 2018 Paul Muolo Early last decade, Fannie common once traded as high as $85.03, Freddie $68.20.Read More
GSE Credit Box Opened Slightly Wider in 3Q18 November 12, 2018 John Bancroft The dollar volume of low-score purchase loans increased by 29.8 percent from the second to the third quarter, while total GSE purchase business went up 23.6 percent.Read More
Odds of GSE Reform May Not Have Changed Much November 12, 2018 Paul Muolo Gone from the Senate, via retirement, is Sen. Bob Corker, R-TN, a moderate Republican who was a proponent of reforming the secondary mortgage market…Read More
Ellington Will Convert to a REIT, Focusing on Credit Investments and Agency MBS November 12, 2018 Brandon Ivey Ellington CEO Laurence Penn: “Becoming a REIT would bring with it big benefits, such as lower effective tax rates..." Read More
September Proves to be a Turning Point for Mortgage Employment, and Not in a Good Way November 12, 2018 Paul Muolo One loan broker said business has been so slow that it’s like, “going into a hockey rink overnight: Dead quiet.”Read More
Short Takes: Still Hiring, UWM / Strong Growth for the Nation’s Largest Wholesaler / The Moelis GSE Plan: the Good and the Bad / Promotions at Nations Lending November 12, 2018 Paul Muolo United Wholesale Mortgage continues to hire...Read More