CNBC, Feb. 22, 2017–Diana OlickTotal volume is now down almost 21 percent compared to a year ago, according to the Mortgage Bankers Association.
Category: Top National News
Many Still Report Surprises Despite Rules to Clarify Home Buying
Washington Post, Feb. 22, 2017–Kenneth R. HarneyPete Mills, a senior vice president at the Mortgage Bankers Association, told me that although there was an initial learning curve for lenders in gearing up for the new rules, “our sense is that things have gotten better.”
It’s Like the Financial Crisis Never Happened
Wall Street Journal, Feb. 22, 2017–James Mackintosh (subscription)It is 10 years since the U.S. subprime crisis began, and everything is wonderful on Wall Street.
Ocwen Shrinks 4Q Loss Via Lower Costs
National Mortgage News, Feb. 22, 2017–Jacob Passy (subscription)Ocwen Financial Corp. reduced its net loss in the fourth quarter, a reflection of the company’s efforts to reduce expenses.
CFPB’s First Jury Trial to Test Agency Overreach
National Mortgage News, Feb. 22, 2017–Kate Berry (subscription)The Consumer Financial Protection Bureau is set to face its first jury trial in April in what is shaping up to be a critical test of the agency’s authority.
Here’s the Inventory Crisis Smothering Millennial Homebuying
HousingWire, Feb. 22, 2017–Brena SwansonDaren Blomquist, senior vice president at ATTOM Data Solutions, identified three key factors keeping housing inventory in a drought, barring entrance for aspiring young homeowners.
CoreLogic Fourth Quarter and Full-Year Revenues Surge at Double-Digit Rates
HousingWire, Feb. 22, 2017–Brena SwansonCoreLogic, a global provider of property information, insight, analytics and data-enabled solutions, recorded fourth-quarter revenue of $475 million, compared to $391 million for the same 2015 period.
Ocwen Executes Major Compliance Overhaul
Mortgage Daily, Feb. 22, 2017–Sam GarciaMichael Hollerich, who oversees compliance at Ocwen Financial Corp. has had his work cut out for him since taking the job nearly two years ago. In an interview, he talked about overhauling compliance.
Growth in Caliber Home Loans’ Servicing, Staffing
Mortgage Daily, Feb. 22, 2017Quarterly originations slipped at Caliber Home Loans Inc. But servicing and staffing expanded.
Nationstar Earnings Soar, Servicing Portfolio Grows
Mortgage Daily, Feb. 22, 2017Despite a drop in quarterly loan production, Nationstar Mortgage Holdings Inc.’s servicing portfolio grew and earnings exploded.