Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie June 27, 2017 Paul Muolo and George Brooks We kid you not: Home loans from a firm called Homie...Read More
MBA Urges DOJ, HUD to Suspend Future FCA Enforcement Actions June 26, 2017 George Brooks FCA enforcement actions can result in significant damage to a lender’s reputation and bottom line, warns MBA President Dave Stevens.Read More
Short Takes: The Big Loser in Nationstar’s ‘Insourcing’ Deal? / Wanting to Talk to U.S. Reps / The Desire to Own / Here Comes the Flood (Bills) / A Promotion at Guild Mortgage June 22, 2017 Paul Muolo and George Brooks But before you can shout “Let’s make America great again” there are some caveats to consider...Read More
Meanwhile, Ginnie Mae is Still Without a Permanent President June 16, 2017 Paul Muolo and George Brooks Former Ginnie Mae president Ted Tozer stressed the importance of getting the post filled as soon as possible. “The way things are going, by yearend Ginnie will have $2 trillion of guarantees on its books,” he said.Read More
DOL to Seek Public Comment on Blocked Overtime Rule, Which Affects LOs June 15, 2017 George Brooks During his confirmation hearing in March, Labor Secretary Alexander Acosta said he favored raising the exemption threshold but only up to $33,000.Read More
USDA Securitizations Decline; Freedom Shows Stellar Growth, Thanks to Chase Deal June 14, 2017 George Brooks In the first quarter, Amerihome Mortgage had the largest sequential growth rate in USDA lending.Read More
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…Read More
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.Read More
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…Read More
VA Production Drops in 1Q17 as the Refinancing Train Loses Steam May 31, 2017 George Brooks Freedom Mortgage, a nonbank, was the top VA originator in the first quarter with USAA Federal and loanDepot ranking second and third, respectively… Read More