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
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
Short Takes: Tom Marano, Ditech’s $5 Million Man? / Ripe for a Major Disruption: The Subservicing Market? / Good News: Applications Rise / Rep. Waters Introduces FHA Bill / Ditech Gets a New COO April 19, 2018 George Brooks and Paul Muolo There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind. Read More
What We’re Hearing: OMB Reviewing VA Anti-Churning Rule / MB Financial Shutters Mortgage Division: A Canary in a Coal Mine? / Put Your Seatbelt On / No Complaints From the Nonprime Sector / The Search for Dave Stevens Successor at MBA Narrows April 13, 2018 George Brooks and Paul Muolo Now comes the big question: How many more MB Financials are out there? Read More
GNMA Chief Confident Agency Will Win Back Investors April 10, 2018 George Brooks Bright said actions Ginnie has taken send a clear message to the industry and to investors that it is intent on eliminating the problem.Read More
For Ginnie Mae, a 'Line out the Door' of Potential Risk-Sharing Partners April 5, 2018 George Brooks There appears to be a long line of counterparties willing to work with Ginnie…Read More
Short Takes: Ginnie Mae and the ‘Churning Nine,’ An Update / In the Ginnie Penalty Box? / Stone Point Buys Due Diligence Provider AMC / Synergy One Hires New Production Chief April 5, 2018 George Brooks and Paul Muolo Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.Read More
Megabanks and Even Nonbanks Continue to Rely Heavily on Correspondent Channel for Government Loans March 29, 2018 George Brooks The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…Read More
Financing Flips: Flippin’ Good Volumes Last Year March 29, 2018 George Brooks Several lenders now provide financing to this unique niche and more might join the party as 2018 progresses.Read More
USDA Continues Pilot Program that Uses Alternative Loan Limits March 28, 2018 George Brooks Regardless of the method used, the area loan limit may not exceed the FHA single-family mortgage limit.Read More