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
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Items Tagged with 'QM'

ARTICLES

Non-qualified mortgage bond ratings getting closer

Investors increasingly interested in the asset class
March 25, 2014
Investors are increasingly interested in non-QM loans, and Moody’s Investors Service is now also seeking commentary on its proposed approach to evaluating and rating QM and non-QM loans for securization as residential mortgage-backed securities.
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Sub-prise! Mortgages get looser despite tighter regulations

AEI: National Mortgage Risk Index continues to climb
February 24, 2014
Headlines were flooded recently with threats of tightening credit and the likelihood that many potential homeowners would be pushed out of the market. But the way the market is heading might toss this idea out with the trash.
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MBA: Credit loosens as lenders adjust to QM

How easy is it to get a mortgage?
February 11, 2014
Mortgage credit availability ticked slightly higher in January and increased 1.85% from 110.9 in December to 113.0 in January, as the market continues to adapt to the new Qualified Mortgage regulation by eliminating products that do not fit inside of the QM box.
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How community banks will reign in 2014

Small banks stay well positioned for success, Freddie says
February 11, 2014
Despite some small lenders choosing to shut the door on small lending, Freddie Mac explained that community banks might have just the right kind of leverage to succeed in 2014’s lending environment.
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HMDA reporting could always get better

CFPB strives to realign and simplify lender reporting
February 7, 2014
Over the past 35 years, a surplus of new regulations has shaped a completely different housing market, making the Home Mortgage Disclosure Act outdated. As a result, the Consumer Financial Protection Bureau set out to realign HMDA to present day needs.
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Where are lenders driving mortgage traffic?

Lending standards tighten across most spectrums
February 3, 2014
Lending standards shifted across the board over the past three months following the recent implementation of the Consumer Financial Protection Bureau Qualified Mortgage rule. But where are lenders looking to find business?
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How QM fails to deliver

National Mortgage Risk Index trends higher
January 27, 2014
The qualified mortgage rule was deigned to halt excessively risky lending, but according to one industry expert, the rule fails to really create any type of significant impact.
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Non-QM optimism: It’s an actual thing!

Investors at ABS Vegas are already revving their engines
January 22, 2014
"Non-QM [mortgage lending] is a huge opportunity, the largest we’ve seen in 30 years," said one investor with a hedge fund, who asked not to be named. "It’s going to take a little time to sort out the details as an industry, but once we do I see a strong market ahead."
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How long will this mortgage drought last?

When will lenders and servicers make money again?
January 17, 2014
Not all mortgage lenders and servicers are confident that they have appropriately adopted the changes into their operations or fully understand how to quantify the liability for noncompliance.
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MBA lowers estimate for 2014 mortgage originations

New lending rules contribute to possible dry spell
January 14, 2014
Expect the mortgage lending spigot to ooze fewer loans in 2014, an industry trade group said Tuesday. The extent of this dry spell is unknown, but new lending rules and rising rates are taking a larger than expected bite out of lending.
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