TD Bank Looks to Nearly Double LO Staff, Focuses on Growth in the Northeast November 23, 2015 Brandon Ivey In a statement, officials at TD Bank said the new hires will focus on originations in the Northeast.Read More
Short Takes: When Will the FHFA Say Something About Captives? / FHLB Advances Decline / Banks Still Top the List of Borrowers / LoanStar LO Count Reaches 120 / Executive Bolts LenderLive for Clayton November 23, 2015 Carisa Chappell, Brandon Ivey, and Paul Muolo LoanStar expects to originate $750 million of home mortgages this year and has set a goal of doubling that in 2016… Read More
Strong Opposition to FINRA Proposal on Margin Requirements for TBA MBS November 20, 2015 Brandon Ivey FINRA made some concessions to the industry in the proposal issued in October, but many MBS traders warned of dire consequences if the proposed margin requirements take effect.Read More
Hatteras Preparing to Issue its First Jumbo MBS; REIT Has Been Acquiring ARMs November 20, 2015 Brandon Ivey Moreover, during the quarter, the REIT joined the Federal Home Loan Bank of Atlanta.Read More
Implementation of TRID Requirements Doesn’t Appear to Have Had a Significant Impact on Closing Times November 19, 2015 Brandon Ivey Some realtors who have closed sales subject to TRID said the process went smoothly while others reported extended potential closing timelines...Read More
Ocwen Looks Beyond Acquisitions of MSR Assets November 18, 2015 Brandon Ivey In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...Read More
Fitch Downgrades Residential Credit Solutions’ Servicer Ratings, Citing Regulatory Issues November 18, 2015 Brandon Ivey A few months back, rumors began circulating that ACMI was contemplating taking bids on its servicing business. Read More
Short Takes: What’s Keeping Mortgage CEOs Up at Night? / Food Titan Enters the Non-Agency MBS Market / A Non-QM Loan from loanDepot / Mortgage Applications Rise / AMC Hires Former Stewart Executive November 18, 2015 Brandon Ivey and Paul Muolo Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.Read More
New Rez Will Issue $520 Million Non-Agency MBS Backed By 12-Year-Old Alt A Loans November 17, 2015 Brandon Ivey A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.Read More
On the Rise: Nonprime, Non-QM Loan Volumes November 16, 2015 Brandon Ivey Impac’s initial foray into non-QM production was sourced mostly through the wholesale channel.Read More