The new boss at the Consumer Financial Protection Bureau – Mick Mulvaney – wasted no time this week in beginning to steer a new course for the controversial agency.
Warehouse lenders ended the third quarter of 2017 with an estimated $67.0 billion of commit-ments on their books, a 4.7 percent sequential gain and a sign that nonbanks are continuing to search for liquidity – even if they’re not ready to tap it right away.
For lenders that produce pools with inexplicably fast prepayment speeds, removal from the program is not out of the question, said Ginnie Mae's Michael Bright...
According to figures compiled by Inside Mortgage Finance, New Residential ranks fifth among all residential servicers with $343.0 billion of contracts at Sept. 30. New Penn ranks 46th among lenders.