Plan to Smooth Out TRID Errors Could See the Light of Day This Week March 29, 2016 Brandon Ivey The SFIG has circulated a draft proposal regarding a standardized approach...Read More
Short Takes: Banks vs. Nonbank on TRID / Depositories Avoid ‘Fix n Flip’ Mortgages / Fannie, Freddie and ‘Nimrick’ Revisited / RHS and QMs / A Legal Case to Study: Guarantee Rate’s ‘Corporate Spy’ March 29, 2016 Brandon Ivey and Paul Muolo Meet secondary market giant "Natty MaRC"?Read More
The Successor to Fannie/Freddie Would Only Be as Large as it ‘Needs to Be’ March 29, 2016 Brandon Ivey The clock is ticking on Fannie/Freddie capital going to zero. To some, this proposal restarts the GSE "conversation..."Read More
Due Diligence Firms Continue to Work on a TRID Fix for the Secondary Market March 28, 2016 Brandon Ivey TRID errors and investor fears are playing a key role in secondary market snafus...Read More
Is Non-QM Lending a Bust? Former CFPB Official Speaks His Mind March 28, 2016 Brandon Ivey CFPB Director Richard Cordray has pushed back against claims from industry participants that regulations have unduly constricted lending...Read More
Five Oaks Facing Troubles Financing Purchases of MBS; Little Demand for New Jumbos March 24, 2016 Brandon Ivey Five Oaks’ jumbo conduit also has faced headwinds due to a lack of demand for new jumbo MBS.Read More
Fannie Mae and Freddie Mac Dominate – by Far – in Condo Financing March 23, 2016 Brandon Ivey The average loan amount on GSE condo mortgages in 2015 was $214,431.Read More
Short Takes: W.J. Bradley Workers Wind Up At… / Who Owned WJB? / Not Only TRID / New Residential Readies MBS March 23, 2016 Brandon Ivey and Paul Muolo Meanwhile, we’re told that WJB’s woes can be traced to more than just TRID errors…Read More
FTC Warns that Hackers are Directing Borrowers to Wire Closing Funds to Scam Bank Accounts March 22, 2016 Brandon Ivey “Many sophisticated parties have been duped,” said NAR.Read More
Short Takes: W.J. Bradley Vendor Owed Money / The TRID Error Options Are… / loanDepot Teams Up with Avant / Loan Mods Slow / Primary Capital Hires SVP March 22, 2016 Brandon Ivey and Paul Muolo What does a depository do if it has a mortgage with a TRID error?Read More