Bill Introduced to Install an Independent IG at the CFPB February 8, 2019 Yemeng Yang Currently, the bureau shares an inspector general with the Federal Reserve...Read More
4Q18 Ugly: All Major Mortgage Product Groups Suffer February 7, 2019 John Bancroft Expanded-credit was the only corner of the market that grew last year – by an estimated $7.6 billion…Read More
A Mortgage Giant in the Making? BB&T, SunTrust Set Merger February 7, 2019 Paul Muolo Once the merger is completed, the combined institution will rank ninth, just ahead of AmeriHome Mortgage.Read More
Mortgage Tech in Transformation? Ellie Mae Contemplates a Sale February 7, 2019 Yemeng Yang Industry consultant Paul Hindman: “It’s all about the next tech platform.”Read More
BlackRock’s Stake in Ocwen Financial: 6.3%. Meaning? February 7, 2019 Paul Muolo Ocwen would like to buy mortgage servicing rights once again, but…Read More
Short Takes: Hoping and Praying for the Right GSE Outcome / Contemplating a Settlement by the Government / Setting the Table for a Merger / #9 Mortgage Dream: SunTrust-BB&T Deal / IMA’s Bulk MSR Deal February 7, 2019 Paul Muolo Open hostility toward the government's GSE case?Read More
Mnuchin: Treasury Prepared to Go It Alone on GSE Reform February 6, 2019 Dennis Hollier and Paul Muolo Treasury’s GSE plan is being shaped by Senior Treasury Counselor Craig Phillips, who cut his teeth on Wall Street as an MBS trader…Read More
Civil Rights Groups Up in Arms Over Crapo’s GSE Reform Plan February 6, 2019 Paul Muolo CRL and other groups noted: “To date, Congress has exercised extreme caution in repairing the housing finance system…”Read More
Quick Turn Time for Prolific Lone Star on New MBS February 6, 2019 Brandon Ivey Mortgages in the MBS have an average credit score of 720…Read More
Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke February 6, 2019 Brandon Ivey and Paul Muolo Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...Read More
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