New HMDA Disclosures Will be a Fair Lending ‘Game Changer’ for Originators August 28, 2014 Brandon Ivey The comment period on the CFPB’s proposed rule closes Oct. 22, and lenders won’t be subject to the proposed new reporting requirements until 2016.Read More
Short Takes: Maybe Freddie Mac Will Sell its HQ Too? / A GSE in Montana? / Ocwen Executive Selling Shares / About Those Private MBS Placements… / Benmosche Stepping Down from AIG August 28, 2014 Brandon Ivey and Paul Muolo But if Fannie and Freddie sell their headquarter properties, shouldn’t they move to a low cost state like Wyoming or Montana? IRead More
SEC Rule Mandates 3-Day Waiting Period for Non-Agency MBS Issuance August 27, 2014 Brandon Ivey However, non-agency MBS issuers won a slight concession on the matter: the SEC had initially proposed a five-day waiting period.Read More
Earthquakes, Hurricanes Not Much of a Risk for Investors in Non-Agency MBS August 26, 2014 Brandon Ivey Barclays said few loans in vintage non-agency MBS were exposed to the recent earthquake.Read More
SEC Set to Vote on Non-Agency MBS Rules Requiring Increased Disclosure and Credit Ratings August 25, 2014 Brandon Ivey The Securities and Exchange Commission proposed controversial changes that would place greater burdens on MBS issuers and potentially increase privacy concerns for borrowers.Read More
In Settling with the FHFA, Goldman Will Buyback PLS for $3.15 Billion August 25, 2014 Brandon Ivey and Paul Muolo According to the Inside Mortgage Finance MBS Database, the original unpaid principal balance of the PLS deals in question was almost $40 billion. Read More
Start-Up Wholesaler Aims to Revamp Mortgage Process with ‘Advisory Services’ August 22, 2014 Brandon Ivey Mortgage advisors at Sindeo are paid a flat fee for every mortgage closed. Bonuses are based on customer satisfaction. Read More
First-Time Homebuyer Share of Home Purchases Rises Significantly August 21, 2014 Brandon Ivey The increased market share for first-time homebuyers is part of a seasonal trend that has occurred in each of the past three years.Read More
Realtors Prefer ‘Local’ Mortgage Lenders Over Call Centers August 21, 2014 Brandon Ivey Another concern was that out-of-state call center lenders might not know the local lending laws, which can result in delayed closings. Read More
Compliance Vendor Warns CFPB’s HMDA Proposal Could be the Death Knell for Mortgage Lending August 20, 2014 Brandon Ivey “I’m wondering how many people buy homes outside of buying them with cash,” Ryan said during the webinar. “To me it’s that serious.”Read More