Mortgage Origination Volume Tanked in 1Q18, Hitting the Lowest Level Since 4Q14 April 26, 2018 John Bancroft Production numbers were down sharply in nearly every category.Read More
Lenders Divided on Whether Changes Should be Made to QM Standards April 26, 2018 Brandon Ivey “It appears that the larger the investment, the larger the resentment,” Stratmor said.Read More
Altisource Reports a Loss, Declining Revenue and Says the CFPB Won’t Take Action Against It April 26, 2018 Paul Muolo In February of last year, Altisource disclosed in an SEC filing that the CFPB was looking into the vendor’s relationship with Ocwen...Read More
VA Servicing Continues to Grow at a Nice Clip April 25, 2018 John Bancroft Don’t look now, but Ginnie Mae MBS outstanding is approaching the $2 trillion mark…Read More
PHH’s CEOs Took Home (Combined) $5.26 Million in Compensation Last Year April 25, 2018 Paul Muolo Crowl’s base pay for 2017 totaled $554,808 while Messina’s came to $485,962.Read More
VA-Based Nonbank Lender Reveals Data Breach April 25, 2018 Brandon Ivey WEI is based in McLean, VA and owned by Arc Home, which in turn is controlled by funds under the management of Angelo, Gordon.Read More
The FHA Share of Mortgage Complaints Filed with the CFPB: 13 Percent April 24, 2018 George Brooks According to the CFPB’s annual report on consumer disputes, the bureau received roughly 37,300 mortgage complaints in 2017...Read More
A Trio of Prime Non-Agency MBS Deals Ready to Hit the Market April 24, 2018 Brandon Ivey Loans in Chimera’s forthcoming deal were underwritten to guidelines established separately by Bank of America, Caliber Home Loans and Quicken…Read More
VA’s Plan to Make VALERI a Fully Operational AUS Well Underway April 23, 2018 George Brooks One of the goals of the conversion project is to improve program performance…Read More
Jumbo MBS Underwriting Holds Steady, Banks Remain Top Contributors April 23, 2018 Brandon Ivey Some $4.23 billion of prime jumbo MBS was issued in the first quarter of 2018, the best showing since 1Q15…Read More
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