Inside Mortgage Finance

CFPB Deputy Director: Thousands of Nonbanks Will Be Subject to its Jurisdiction

April 17, 2013

Nonbank mortgages lenders will not get a pass on CFPB scrutiny, a top regulator told a gathering of the American Bankers Association.

Short Takes: Small Banks in Oklahoma Exit Mortgages Because of CFPB? / QM Rule Causes Fear and Loathing / Citigroup Aggressive in Jumbos / BofA Settles Countrywide MBS Case for $500 Mil / Applications Rise

April 17, 2013

Paul Muolo and Thomas Ressler

The CFPB is a tough cop on the beat, no doubt. But is the agency and its rules causing certain banks in Oklahoma to exit the residential lending sector?

FHFA’s Two-Year HARP Extension Curbs Prospects of Menendez-Boxer Bill Passage

April 16, 2013

Charles Wisniowski

The industry is happy that the Home Affordable Refinancing Program has been extended, but it also means that 'HARP 3.0' might not come anytime soon.

Auction of Nonperforming Loans by Fannie Mae on Hold?

April 16, 2013

Paul Muolo

It appears that Fannie Mae is dialing back on its plan to sell nonperforming residential loans.

Originations at Top 100 Grew by 31 Percent Last Year, Nonbanks Have Strongest Growth

April 16, 2013

Paul Muolo

Nonbank lenders had the strongest growth last year in terms of new originations, according to new figures compiled by Inside Mortgage Finance.

CFPB Compliance Guide on ATR Rule Leaves Large Lenders Chomping at the Bit

April 16, 2013

Thomas Ressler

Banks continue to press the CFPB on their request that the agency use its exemption authority to extend the ATR rule's compliance deadline from 12 to 24 months.

Ex-CFPB CIO Launches Compliance Venture for Third-Party Mortgage Investors

April 16, 2013

Paul Muolo

Tim Duncan, a past chief information officer for the CFPB, aims to protect third-party lenders from regulatory snafus with his new venture.

Short Takes: Nationstar Mortgage Directors Clean Up / Flagstar Selling MSRs / Walter Wants to Keep Some Secrets / BofA’s Hit on Countrywide: $41 Billion / CFPB Deputy Director Meets the Hill

April 16, 2013

Paul Muolo and Thomas Ressler

Four non-management directors at Nationstar Mortgage earned almost $1.5 million last year. Meanwhile, it appears Flagstar is selling some of its MSRs.

GSE Buybacks Fell in 2012, Is the Scourge Ending?

April 15, 2013

John Bancroft

Loan repurchases by seller/servicers fell last year, a sign that the worst of this problem may be over for the industry. Or is that wishful thinking?

House Democrats Look to Begin GSE Reform Process

April 15, 2013

Brandon Ivey

Rep. Maxine Waters, the ranking minority member of the House Financial Services Committee, believes that now is "precisely the time to think about how we can reshape the secondary mortgage market."

Inside Mortgage Finance
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CFPB Deputy Director: Thousands of Nonbanks Will Be Subject to its Jurisdiction

Short Takes: Small Banks in Oklahoma Exit Mortgages Because of CFPB? / QM Rule Causes Fear and Loathing / Citigroup Aggressive in Jumbos / BofA Settles Countrywide MBS Case for $500 Mil / Applications Rise

FHFA’s Two-Year HARP Extension Curbs Prospects of Menendez-Boxer Bill Passage

Auction of Nonperforming Loans by Fannie Mae on Hold?

Originations at Top 100 Grew by 31 Percent Last Year, Nonbanks Have Strongest Growth

CFPB Compliance Guide on ATR Rule Leaves Large Lenders Chomping at the Bit

Ex-CFPB CIO Launches Compliance Venture for Third-Party Mortgage Investors

Short Takes: Nationstar Mortgage Directors Clean Up / Flagstar Selling MSRs / Walter Wants to Keep Some Secrets / BofA’s Hit on Countrywide: $41 Billion / CFPB Deputy Director Meets the Hill

GSE Buybacks Fell in 2012, Is the Scourge Ending?

House Democrats Look to Begin GSE Reform Process

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Featured Poll

The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

Inside Mortgage Finance
RSS