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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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 $
Wells Trims Size of its Mortgage Business - Q1 originations down 6% from previous ...
Repurchases outstanding were reduced to $355 million from $378 million as of Dec. 31, 2015, and have been slashed from $586 billion as of March 31, 2015. Within its mortgage
Technology Reads, Analyzes Income Documentation - Income Analyzer announced...
Analyzer addresses a primary reason for repurchase demands and errors today and also provides consistency and clarity into income calculations and decision making," Rajan Nair,
PrimeLending Mortgage Servicing, Annual Lending Up - Q4 originations down 16...
As of the end of 2015, there were $57 million in repurchase claims outstanding. Mortgage origination income before taxes was $47 million last year, soaring from $12 million in
GSE Repurchase Process Improved - Dispute resolution process implemented | Feb. 2,...
GSE Repurchase Process Improved Dispute resolution ... their process for resolving repurchases in a move intended ... resolution process for resolving repurchase disputes. With the new
Quarterly Drop in US Bank Home Lending, Year Up - Q4 originations down 12% from...
December 2015, mortgage repurchases and make-whole payments came to $7 million--$7 million less than in the prior quarter. Fourth-quarter income before income taxes came to just
CFPB Addresses Industry's TRID Concerns - Cordray issues letter to MBA | Dec. 30, ...
The remedies that won't be sought include repurchases. Cordray explained that a corrected Closing Disclosure can be issued after closing to correct non-numerical clerical errors.
CT Mortgage Firm Converts From Broker to Banker - Norcom Mortgage has grown from...
DeFronzo said because of the industry reaction to putbacks -- lenders had to repurchase more than $80 billion from 2011 to 2013, according to Bloomberg -- borrowers' credit is the
Fannie Relaxes LLPA, Condo and Coop Requirements - Selling guide announcement...
Loan-level price adjustments will be refunded on certain whole loans that were repurchased within 18 months of acquisition by a lender. The calculation will be based on the LLPAs
Highlights from Mortgage Bankers Conference - Annual event held in San Diego last ...
Also covered by the FHFA director were clarifications that help lenders be more certain about repurchase risk. Watt noted that appraisal-related representation and warranty relief
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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.