A Decline in CFPB Mortgage Complaints. Applications the Exception October 21, 2019 Yemeng Yang The nation’s largest lender/servicer Wells Fargo drew the most gripes, with Mr. Cooper and Ocwen Financial, finishing second and third respectively.Read More
In the Regulatory Spotlight Once Again: VA IRRRL Abuses October 21, 2019 Paul Muolo The Collingwood Group released an update to clients and others, detailing the matter at hand.Read More
Bulk Servicing Sales Hit a Wall in 3Q19, Down 29% October 21, 2019 John Bancroft Co-issuance transfers – a smaller market – actually increased 52.9% sequentially to $59.4 billion…Read More
Top Bulk MSR Seller in 3Q19? A Battle Between Two Michigan-Based Mortgage Giants October 18, 2019 John Bancroft and Paul Muolo loanDepot was also an active seller of bulk MSRs in the third quarter, according to an exclusive tally from Inside Mortgage Trends… Read More
CFPB Hopes to Modernize Regulations. Mortgages on its ‘To Do’ List October 18, 2019 Yemeng Yang Richard Gottlieb, a partner at Manatt, Phelps & Phillips, called the task force development huge. Read More
Invictus Capital Partners to Issue Large Expanded-Credit MBS October 18, 2019 Brandon Ivey The planned $681.0 million issuance will top a $609.2 million deal Invictus issued in May. Read More
VA Completes a Gargantuan Task: $400M in Refunds Over Two Decades October 17, 2019 George Brooks Some of the improper fee charges were blamed on clerical errors…Read More
Wow: Nonbank Share of Agency Servicing Market Tops 47% October 17, 2019 John Bancroft Fun fact: Over the past five years, the nonbank share of the agency servicing market has almost doubled and now stands at 47.2%...Read More
Short Takes: Democrats Question CFPB Chief on Enova / Elizabeth Warren, Good for Mortgage Rates? / Leon Cooperman’s Ocwen Bet / A Positive Reading on New Business / A Big Promotion at Quicken October 16, 2019 Yemeng Yang and Paul Muolo Look out below: Investor/hedge fund titan Leon Cooperman said on CNBC Wednesday morning that if Sen. Elizabeth Warren, D-MA, is elected president the stock market will fall by 25%...Read More
Latest Expanded-Credit MBS from Angel Oak Smaller than Recent Issuance October 16, 2019 Brandon Ivey Angel Oak issued two non-QM MBS earlier this year that each topped $600 million. The new offering is sized at $353 million.Read More
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