Short Takes: Neighborhood Watch Back Online / Delinquencies Decline / Higher Loan Amounts at FHA / MBA's Summer Lobbying Agenda August 17, 2015 Brandon Ivey The rate of borrowers 60 days or more delinquent on their mortgages fell to 2.72 percent in the second quarter of 2015, according to TransUnion.Read More
Budget Cuts at the IRS Slow Delivery Times for Borrower Tax Transcripts August 13, 2015 Brandon Ivey Historically, the turn time for the Income Verification Express Service program has been around two business days or less. Not anymore.Read More
Total Past-Due Rate Increased in 2Q; $575 Billion in Arrears August 13, 2015 Brandon Ivey Overall, delinquencies remained below levels seen a year ago...Read More
Ocwen Prevailing in Face of Disgruntled Non-Agency MBS Investors August 12, 2015 Brandon Ivey Ocwen faces the potential loss of non-agency MBS servicing on two fronts but so far investors are not pulling the trigger...Read More
Settlement Monitor Cites Ocwen for Another Failed Metric, But Offers Praise Too August 11, 2015 Brandon Ivey Meanwhile, Ocwen has been shifting as many of its servicing workers overseas as possible... Read More
Five Oaks Takes Loss, Hopes to Issue Another Jumbo MBS in September August 11, 2015 Brandon Ivey Five Oaks issued its first jumbo MBS in April and plans for another deal by the end of September.Read More
Jumbo Originations Surge; Fierce Competition on Pricing, More August 10, 2015 Brandon Ivey A number of lenders, including Wells Fargo, offer jumbos that allow for downpayments of about 10 percent. Read More
Congress Expands Reporting for Mortgage Interest, Hopes to Net $180 Million Annually August 7, 2015 Brandon Ivey The brunt of the new revenue also looks as though it will be collected from mortgage borrowers.Read More
Shellpoint Plans to Reenter the Jumbo MBS Market Nearly Two Years After Planned Sale Was Scrapped August 7, 2015 Brandon Ivey The new jumbo deal from Shellpoint includes originations from New Penn along with contributions from 30 other lenders.Read More
Short Takes: Stand by Your PHH / The New (Regulatory) Norm for the Mortgage Industry / MPF Jumbo a Dud? / Commercial Production on the Rise / A New Guardian for Guardian August 6, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo Is now a time to buy into PHH?Read More