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April 4, 2017

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Flagstar Will Acquire ‘Certain’ Assets of $3-Billion-a-Year Lender Opes

With the purchase of Opes, Flagstar likely will move up two spots in the origination rankings to number 12, according to Inside Mortgage Finance. Read More

Origination of IO Mortgages Spiked by Almost 37 Percent in 2016

PHH Mortgage, which is restructuring its operations, was the top ranked interest-only lender in 2016… Read More

In its Latest PHH Filing, the CFPB Sticks to the Main Premise: the Bureau’s Structure is Constitutional

The CFPB noted: “The bureau’s constitutionality has been challenged frequently, but has yet to be addressed by a court of appeals…” Read More

Fast-Growing Nonprime Lender Angel Oak Adds Four Executives, Aims to Double Sales Force

Angel Oak employs 52 wholesale account executives and hopes to add three to four additional ones a month. Read More

Coming May 1: FHA’s New Loan Review System (Defect Taxonomy)

The ultimate goal of the LRS is to reduce lenders’ liability risk and minimize overlays… Read More

Short Takes: Skyline Posts Strong Purchase Lending Numbers / Banks and CUs Pony Up to the IO Bar / Flagstar’s New Wealth Advisory Business / Thanks to AVMs and Google Earth, All Appraisers May be Toast / Frommeyer Leaves NAMB

A former Utah appraiser said she lost her job to AVMs and now drives a bus for $40,000 a year... Read More

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