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February 8, 2018

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Government and Jumbo Sectors Took the Biggest Lumps in 4Q17 Lending

The conventional-conforming market held up relatively well in the fourth quarter, with origination volume easing by just 0.7 percent… Read More

Will CFPB Chief Mulvaney Say ‘Never Mind’ on PHH Case?

In fact, it’s possible the CFPB under Acting Director Mick Mulvaney may just say: never mind. Read More

Ginnie Mae Lays Down Law on VA Churning, Warns Select Group of Issuers They Face Banishment

Issuers cited by Ginnie Mae are expected to deliver a corrective action plan... Read More

Freedom Mortgage Buys $25 Billion of Servicing Rights from Stearns Lending

In the summer of 2015, The Blackstone Group bought a controlling interest in Stearns. Read More

Better Mortgage Launches Refi Program for Airbnb Hosts, Providing Favorable Treatment to Income from Primary Residences

Better Mortgage will use a borrower’s average Airbnb earnings from the last 24 months... Read More

Short Takes: The Top VA IRRRL Lenders / Tax Cuts Coupled with More Government Spending, a Recipe for Disaster? / If Habib’s Interest Rate Prediction Comes True, Watch Out Below / CFPB Wants Feedback on Enforcement Processes / A New Title for Amy Brandt

Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business… Read More

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