Short Takes: How Many TRID Tech Updates? 99? / Ocwen Makes Another Payment / Rates Going Nowhere / Time for FHA Lenders to Use LEAP / Mortgage Exec Back With Guaranteed Rate December 22, 2015 Paul Muolo, Sherry Muolo, and Thomas Ressler At some lending shops, almost 100 TRID technology updates have been implemented...Read More
Hike in FHA Loan Limit Cited as Reason for Longer Waits at Resource Center December 21, 2015 Sherry Muolo The higher loan limits take effect Jan. 1. Sullivan said consumers are likely contacting the resource center to get in last-minute questions.Read More
Short Takes: Don’t Let Your LOs Prepare TRID Disclosures? / LO ‘Scorecards’ on the Rise? / REIT Sub Gets FHLB Membership / CoreLogic Buys Vendor for $475 Million / A New Hire for Home Point December 21, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo We’re hearing more chatter of mortgage lenders starting a loan officer “scorecard” approach to grading their salesmen and women...Read More
Fannie Mae Survey Finds Looser Credit Standards but Tighter Affordability December 17, 2015 Sherry Muolo The profit margin outlook “has gradually trended down each quarter this year,” Fannie Mae said. Read More
Short Takes: Comments Being Taken on Front-End Risk Sharing / FHFA Contemplates MIs Once Again / Will Stock Buyback Help Nationstar? / The Fed Hikes Rates and Mortgage Bankers Yawn / Apps Up December 17, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo The Fed hiked rates. So what! It was already built into current pricing...Read More
Short Takes: New Employment Contracts for PennyMac Executives / Short Life, Fast Growth / Struggling Mortgage REIT Javelin Cuts Expenses / Fewer Houses Take a Swim / New Hires for loanDepot Affiliate December 15, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo By the way, 10 years ago, PennyMac didn’t even exist. Today, it ranks sixth among all residential lenders and 11th among servicers...Read More
Short Takes: Consultant Suggests a Lender Boycott on Listing One’s Race / Fannie Says Consumers Misinformed About Mortgages / S&P Looking for Servicing Help / Lending.com Names New CTO December 14, 2015 Paul Muolo and Sherry Muolo In case you were unaware, Joe Garrett has never been a big fan of the CFPB, but unlike some advisors, he is willing to state his feelings on-the-record…Read More
Google Enters the Mortgage ‘Search’ Space; Should Lenders and Brokers Worry? December 11, 2015 Sherry Muolo It should be noted that Google became a licensed mortgage broker in the Golden State...Read More
Mortgage Applications Creep Up Ever So Slightly December 9, 2015 Sherry Muolo Mortgage rates are still enticing at just over 4.0 percent with half a point for conforming loans...Read More
Short Takes: Mid-sized Nonbank Open to Offers? / Purchase Lending Looking Up, Way Up / A Revision to the Purchase Number / Tighter Credit is Here / SFR Firm Hires COO December 8, 2015 Paul Muolo and Sherry Muolo Time to rejoice: purchase-lending could regularly top $1 trillion a year...Read More