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Repurchase News

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Found 1490 items, now showing 1 - 25

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Flagstar CEO Running Mortgage Business - Q1 originations down 31% from 3rd...
777 billion. Flagstar's repurchase pipeline has been slashed to $6 million from $16 million as of March 31, 2016. The quarter closed out with 2,948 full-time employees. The
www.mortgagedaily.com/stories/FlagstarProduction042517.asp
 
US Bank's Mortgage Investments, Servicing Grow - Q1 production down 27% from...
Repurchases fell to $7 million from $5 million in the fourth quarter. U.S. Bank operated 3,091 branches as of March 31, 2017, fewer than 3,106 three months prior. US Bank profile
www.mortgagedaily.com/stories/USBankProduction041917.asp
 
Wells Fargo's Home Lending Sinks - Q1 originations down 39% from prior quarter...
Repurchase liability has been slashed to $222 million at the end of the first-quarter 2017 from $355 million twelve months earlier. Residential loan originations from Jan. 1, 2017
www.mortgagedaily.com/stories/WellsProduction041317.asp
 
Mortgage Compliance Services Enhanced, Automated - Recent product launches...
California-based firm said the solution helps cut repurchase risk related to vendor due diligence issues by enabling continuous oversight of thousands of counter parties. next
www.mortgagedaily.com/stories/Compliance040317.asp
 
Walter Slashes Servicing, Swings to Profit - Q4 mortgage originations unchanged...
of our unilateral right to repurchase such loans from Ginnie Mae , combined with an increase in the 30 to 60 day past due loans as previously discussed." Last year concluded with
www.mortgagedaily.com/stories/WalterProduction031417.asp
 
YOY Increase in Flagstar Home Lending, Servicing - Q4 mortgage originations off 7%...
There were $6 million in loans in the repurchase pipeline at the close of the latest period. Full-time employees on staff as of year-end 2016 were 2,886, five more than at the end
www.mortgagedaily.com/stories/FlagstarProduction012417.asp
 
Mortgage Originations Fall at U.S. Bank - Q4 production down 7% from prior period ...
There were $7 million in outstanding repurchase and make-whole requests as of Dec. 31, 2016, the same as three months earlier. Commercial real estate assets finished last year at
www.mortgagedaily.com/stories/USBankProduction011817.asp
 
3-Year High for Wells Fargo Mortgage Originations - Q4 loan volume up 3% from...
Repurchase liability has been cut to $229 million as of the end of last year from $378 million twelve months earlier. From Oct. 1, 2016, through year-end 2016, mortgage
www.mortgagedaily.com/stories/WellsProduction011317.asp
 
Correspondent Drives Up Flagstar's Home Lending - Q3 originations increase 10...
The repurchase pipeline held steady at $11 million. There were 2,881 full-time equivalent employees on Flagstar's payroll as of the end of last month. Staffing was trimmed from 2,
www.mortgagedaily.com/stories/FlagstarProduction102516.asp
 
Fannie Offers Immediate Repurchase Risk Relief - Automation behind new program...
Fannie Offers Immediate Repurchase Risk Relief Automation behind new program Oct. ... can immediately avoid the risk of mortgage repurchases. Fannie Mae unveiled Monday its Day 1
www.mortgagedaily.com/stories/FannieRepurchases102416.asp
 
Mortgage Revenues Jump at US Bank - Q3 mortgage originations up 5% from previous...
Repurchases dipped to $6 million from $8 million in the second quarter. Staffing stood at 67,000 in the most-recent report. Last month ended with 3,114 U.S. Bank branches, eight
www.mortgagedaily.com/stories/UsBankProduction101916.asp
 
Wells Fargo Mortgage Referrals Hit by Scandal - Q3 production rises 11% from...
September 2016 with $239 million in mortgage repurchase liability, reducing the total from $255 million in the prior quarter. Headcount closed out the latest period at 268,800
www.mortgagedaily.com/stories/WellsProduction101416.asp
 
Mid America to Acquire Delinquent FHA Mortgages - Quick out for repurchase...
Quick out for repurchase demands Sept. 9, ... the note must remain unmodified. Repurchases of FHA loans can be ... quickly sell delinquent FHA loans repurchased from other investors or loans
www.mortgagedaily.com/stories/MidAmericaFha090916.asp
 
FDIC Settlement Nets Chase Over $600 Million - Agreement tied to WaMu acquisition ...
Chase concerning the mortgage repurchase and other liabilities. The settlement has Chase being paid $645 million from the WaMu receivership estate. In return, the New York-based
www.mortgagedaily.com/stories/SettlementChase082216.asp
 
Flagstar Mortgage Originations, Servicing Grow - Q2 production up 31% from Q1...
The home-loan provider's repurchase pipeline was reduced to $11 million from $16 million at the end of March this year. The company's earnings before income taxes grew to $69
www.mortgagedaily.com/stories/FlagstarProduction072616.asp
 
US Bank Raises Mortgage Originations - Q2 production up 20% from prior period...
Outstanding repurchase and make-whole requests increased to $7 million from $6 million as of March 31. Mortgage banking revenues climbed to $238 million from $187 million in the
www.mortgagedaily.com/stories/USBankProduction071816.asp
 
Wells Fargo Mortgage Business Overflows - Q2 originations rise 43% from previous ...
387 billion in construction loans. Repurchases outstanding fell to $255 million from $355 million as of March 31. In the mortgage banking unit, the $1.414 billion in earnings
www.mortgagedaily.com/stories/WellsProduction071516.asp
 
Freddie Securitizing Jumbo Mortgages - Deal includes 661 loans | July 14, 2016...
Freddie is providing representations and warranties for the loans and will be the only party that the trust can seek repurchases from. Freddie Mac profile next story back to
www.mortgagedaily.com/stories/JumboMbs071416.asp
 
Chase a Strong Jumbo Originator - Over 90,000 prime jumbo loans originated in...
Moody's, repurchase requests have been made on just nine of its jumbo mortgages. "We assess Chase's ability as above average," the report stated. "The assessment is driven by
www.mortgagedaily.com/stories/ChaseJumbo061516.asp
 
Ginnie Issuer Settles Fraud Charges - Fraudulent repurchase by First Mortgage...
But the previously past-due loans weren't delinquent at the time of repurchase, and FMC ... which reports on repurchased loans, omitted payments ... on the repurchased loans were
www.mortgagedaily.com/stories/SettlementFirstMortgage060116.asp
 
MBA Chief Outlines Mortgage Industry's Challenges - David Stevens speaks at...
Mac repurchases, and guarantee fees -- more needs to be done. That is according a speech that was delivered on Monday by David H. Stevens, who is the president and chief executive
www.mortgagedaily.com/stories/MbaConference051616.asp
 
PrimeLending's Mortgage Closings, Servicing Down - Q1 production down 4% from...
Repurchase claims were trimmed from $57 million at the end of last year to $54 million at the end of the first-quarter 2016. Mortgage origination income prior to income taxes was
www.mortgagedaily.com/stories/HilltopProduction042916.asp
 
Flagstar Mortgage Originations Up, Servicing Slips - Q1 production up 9% from...
Flagstar's repurchase pipeline was cut to $16 million as of last month from $20 million in the fourth-quarter 2015. Earnings before income taxes jumped to $60 million from $45
www.mortgagedaily.com/stories/FlagstarProduction042616.asp
 
Appraisal Services Technology Enhanced - Recent appraisal service offerings...
the highest potential risk of repurchase by rank-ordering the risk of over-valuation, early payment default, foreclosure and appraisal non-compliance. ValuTrac Software announced
www.mortgagedaily.com/stories/Appraisals042616.asp
 
US Bank Home Lending Dips, Assets, Servicing Up - Q1 production off 4% from prior ...
Outstanding repurchase and make-whole requests were cut to $6 million from $12 million as of year-end 2015. The report indicated that mortgage banking revenues were reduced to $
www.mortgagedaily.com/stories/USBankProduction042016.asp
 
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GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.


Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.


Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.


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