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A Problem: the Successors-in-Interest Provision of the CFPB’s Servicing Rule

June 13, 2017
Thomas Ressler
The industry is concerned the CFPB rule has the potential to put servicers smack-dab in the middle of some nasty family disputes…
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Reverse Mortgage Lending on the Rise Again, but…

June 13, 2017
George Brooks
American Advisors Group continued to dominate the HECM market, funding $691.0 million of reverse mortgages…
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No Mortgage/GSE Reform This Year, Maybe No Bill Either

June 13, 2017
Paul Muolo
Last month, Federal Housing Finance Agency Director Mel Watt said he’s prepared to allow Fannie and Freddie to build some type of capital buffer to avoid a Treasury draw…
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Want to Fund Non-QM Loans? Try Contacting Real Estate Agents

June 13, 2017
Brandon Ivey
Homebuilders can also help source non-QM borrowers.
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Short Takes: Why Treasury Dislikes the CFPB (More) / CID Abuses Alleged / Democrats Strike Back / Fannie Mae About to Lose its General Counsel / A New Hire for Opes

June 13, 2017
Paul Muolo
Looks like Fannie Mae's general counsel is headed to the U.S. Treasury...
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Trump Administration to Recommend Curbs on CFPB, Retention of Single Directorship

June 12, 2017
George Brooks
Proposal appears to be more practical than scorched earth alternative favored by some Republicans.
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Avoid Economic Disruptions When Pondering FHA Changes, Says MBA

June 11, 2017
George Brooks
HUD secretary Ben Carson could implement changes through mortgagee letters to shrink FHA’s role…
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Short Takes: Quicken Still Hiring, Especially in Tech / A Large NPL Sale for Fannie Mae / CALCAP’s Milestone / Colony Buys More SFR Units / Correction

June 11, 2017
Paul Muolo
The broker price opinions on the Fannie Mae NPL pools ranged from 81.03 percent to 88.02 percent…
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Mortgage Bankers and Brokers Careful About Hiring These Days, Except…

June 9, 2017
Paul Muolo
PRMG Mortgage of California is looking to grow its wholesale and correspondent channels and is presently searching for new account executives and support staff…
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House Fires Shot Across CFPB’s Bow, Passes Financial CHOICE Act. Of Course…

June 9, 2017
Thomas Ressler
The CHOICE Act has an uncertain future in the Senate, to say the least.
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Latest Imf News

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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