NFHA Piles on Foreclosure-Related Accusations Against BofA. Zika Allegations Too. BofA Disputes the Charges September 1, 2016 Brandon Ivey The consumer advocate charges that BofA is exacerbating the risk of spreading the Zika virus in South Florida…Read More
TRID Compliance Issues Disclosed on New Nonprime MBS from Angel Oak, Deephaven September 1, 2016 Brandon Ivey The originators believe they made a good-faith effort to address all TRID violations through the issuance of revised disclosures…Read More
Lone Star Prepares Second Nonprime MBS of 2016, Possibly the Largest Deal of the Post-Crisis Era August 31, 2016 Brandon Ivey The new security also will include mortgages originated by Sterling Bank & Trust…Read More
Subservicer Statebridge Nearly Doubles Contracts to $2.60 Billion August 30, 2016 Brandon Ivey FrontRange Capital first invested in Statebridge back in 2013. The money allowed the subservicer to buy out its then-owner, Integrated Asset Services.Read More
Jumbo Originations Increase Sharply in 2Q as Megabanks Turn on the Gas August 26, 2016 Brandon Ivey Marianne Lake, Chase’s CFO, said jumbos are the bank’s “first priority” among mortgage originations.Read More
TRID Impact on Purchase-Mortgage Process Receives Widely Differing Assessments from Real Estate Agents August 25, 2016 Brandon Ivey One real estate agent did not mince words: "TRID is a nuisance and should be done away with immediately if not sooner. Shut the Consumer Financial Protection Bureau.”Read More
Redwood Shoots Down Report on Suspension of its Jumbo MBS Program August 24, 2016 Brandon Ivey In recent years, Redwood has favored whole loan sales to jumbo MBS due to pricing considerations, but the company has continued to issue jumbo MBS.Read More
Delinquencies at Large Servicers Rise Ever So Slightly August 24, 2016 Brandon Ivey The nation’s three largest residential servicers – Wells Fargo, Chase and Bank of America – all showed sequential increases in late payments...Read More
Tennessee Bank FB Financial Files for IPO, Looks to Increase Mortgage Business August 22, 2016 Brandon Ivey FB also services roughly $4.02 billion in residential loans…Read More
Credit Suisse Involved in Warehouse Financing Security Backed by Agency-Eligible Mortgages August 19, 2016 Brandon Ivey The deal is secured by a master repurchase agreement, purchased mortgages and related assets.Read More