IMFnews

March 28, 2017

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Does Trump’s Executive Order Apply to the CFPB? Looks That Way…

Former CFPB attorney Richard Horn believes the executive order applies to the CFPB because it refers to agencies under the Administrative Procedures Act… Read More

NYDFS Eliminates Servicing Monitor for Ocwen; Restrictions May be Lifted on Servicing Acquisitions Too

At one point, Ocwen's management said various monitors were costing the company upwards of $80 million a year... Read More

The Final Tally on Publicly Traded Nonbanks: A $156.1 Million Loss for 2016

However, this group of nonbank lender/servicers is hardly homogenous… Read More

Prepayment Rate on Mortgages in Jumbo MBS Close to Rate on Conforming Loans

BAML suggested that one of the reasons prepayment speeds on jumbos have been relatively slow is the presence of self-employed borrowers… Read More

M&A Roundup: Freedom Mortgage is in a Buying Mode

Depending on its buying spree, Freedom could easily leap-frog into the number four originator spot, bypassing PennyMac Financial, Bank of America, and U.S. Bank. Read More

Short Takes: Meet HAL, Your Loan Officer / The Low-Hanging (Mortgage) Fruit / Can a Computer go to Jail? / ‘Digital’ Mortgage Means What Exactly? / Wedbush Likes Nationstar

LO automation could be complicated by compliance. What if there’s a RESPA violation and charges are filed? Who goes to prison: the computer or the supervisor of the computer?... Read More