In Trying to Prevent a ‘Hard Stop,’ Freedom Mortgage Runs Afoul of HMDA June 6, 2019 Yemeng Yang The CFPB said the practice was not limited to a specific location, loan officer or time period...Read More
Short Takes: A Refreshing Assessment from Freddie’s Don Layton / Hey, Let’s Build an AU System Everyone Can Use (Maybe Not) / FHFA Pulls the Plug on Rate Survey / Booming Loan Originations. However… / CHLA Hires Industry Vet Willison June 5, 2019 Paul Muolo Freddie CEO Don Layton: "People tell me, ‘Well, let’s have a common AUS that everyone can use.’ My only data point on that is that to have a common system on the backend for the security (UMBS) took seven years and $2 billion to build…”Read More
Short Takes: Bake in a Rate Cut? / U.S. Bank Chooses Empower as its LOS Vendor / Annaly Unveils Stock Buyback Initiative / A New Hire for Multifamily Lender Greystone June 3, 2019 Paul Muolo A coup for Black Knight...Read More
Relying on One Single LOS Vendor a Thing of the Past? June 3, 2019 Brandon Ivey The change in the technology landscape is due to new participation in the mortgage market by fintech companies…Read More
MBS Trading Volume Declines as Investors Worry About Rates, Speeds May 29, 2019 Paul Muolo The strongest MBS trading month of the year came in March at $269.9 billion... Read More
Short Takes: First American’s Systems Exposed? / Forensic Team Hired / Whatever You Do, Don’t Treat Your Employees Like Family / Another New Hire for FHFA / GSE Preferred Shares Repaid? May 28, 2019 Paul Muolo FHFA hires a new legislative affairs director...Read More
AEI Blames FHA Volume Decline on TOTAL. MBA Says Pinto Is Wrong May 1, 2019 George Brooks However, the Mortgage Bankers Association disagrees with Pinto’s findings...Read More
LendingTree Posts Record Revenue for 1Q19, but Suffers a Loss April 26, 2019 Paul Muolo LendingTree played up the results of its nonmortgage-related businesses and increased its overall revenue forecast for the year.Read More
More Red Ink for Industry Vendor Altisource April 25, 2019 Paul Muolo Altisource is in the process of selling its financial services business, which should bring in roughly $44 million...Read More
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