Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

Fannie, Freddie settlements eat into PNC earnings

Earnings barely move from 4Q13

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower

Items Tagged with 'Mortgage'


JPMorgan mortgages as profitable as a 10-year Treasury bond

Where did the incentive to make mortgages go?
April 16, 2014
If the lending environment continues, JPMorgan Chase might as well just have put its money in a 10-year Treasury bond than provide mortgages. At least that is what one article is arguing.
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First mortgage default rate falls to 1.13%

S&P: More homeowners can afford their house
April 15, 2014
All five national indices showed a drop-off for the second month straight in March, with the first mortgage default rate hitting 1.13% in March, the lowest level since September 2006.
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U.S. Bancorp purchases Ally Bank document custodian business

The final chapter to Ally's mortgages
April 14, 2014
Closing one of the final mortgage ties Ally had, U.S. Bancorp announced it entered an agreement to purchase the document custodian business of Ally Bank.
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Wells Fargo first quarter mortgage originations way down

Making money on MSRs
April 11, 2014
During the first quarter, residential mortgage originations were $36 billion, down from $50 billion in fourth quarter 2013 while the gain on sale margin was 1.61%, compared with 1.77% in the fourth quarter.
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Guaranteed Rate expands in Connecticut

Adds new loan originations team
April 4, 2014
Chicago-based Guaranteed Rate is planning its expansion into Connecticut, adding to its two offices already in the state, in addition to adding a new loan originations team.
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It’s official: Stewart acquires DataQuick Title and Collateral Valuation business lines

Acquisition widens Stewart’s mortgage offerings
April 3, 2014
Stewart Lender Services just got a whole lot bigger and entered an agreement with DataQuick Lending Solutions to acquire its collateral valuation, settlement services and the title and closing business operations.
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This little-known rule could mean higher mortgage costs

Bond investors coordinate opposition
April 2, 2014
It may not be the biggest threat to the mortgage industry, but bond investors say it could impact the American homebuyer bottom line.
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What happened at Ellie Mae? Twitter holds the answer

Social media captures mortgage blackout
April 2, 2014
Ellie Mae drove the industry to the brink Monday and Tuesday after its loan origination system Encompass 360 shut down. Then factor in that it was the end of the month—an extra busy time for lenders—and the market almost lost it.
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CFPB issues TILA-RESPA compliance guide

Governs new mortgage disclosure forms
March 31, 2014
The Small Entity Compliance Guide will serve to help smaller lenders and other mortgage companies understand and comply with the new mortgage disclosure rules, designed to make it easier for consumers to understand the loan documentation.
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From HW Magazine

CoreLogic: Last man standing?

With a competing spin-off already returning to the mothership, CoreLogic's plan is bold: Get beyond the mortgage biz
March 31, 2014
Fourth quarter revenue at CoreLogic totaled $311.9 million, a 6.6% decline from one year ago, while operating income from continuing operations saw a whopping 53% drop in the same time frame to $21.6 million. With mortgage origination volumes expected to reach what may be a 20-year low in 2014, is now the time to bet on a company whose revenues are historically tied to mortgages?
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