Recent Stories From this Author
PHH's CEO Messina Also to Head Mortgage Unit
July 25, 2014 PHH Corp. has put its president and CEO in charge of its mortgage subsidiary, the unit's fourth top executive in two years.
Big Banks' Mortgage Volume Soars, But Profits May Still Be Grounded
July 25, 2014 It sounds liked a great business formula: home loans soared at several megabanks last quarter after they spent months cutting...
Nonbank Mortgage Lenders Livid Over FHFA Watchdog Report
July 22, 2014 Independent mortgage lenders are concerned that regulators will use the report as an excuse to raise minimum net worth...
B of A Puts Countrywide Vet in Charge of Mortgage Lending
July 21, 2014 In another reshuffling of its mortgage ranks, Bank of America has promoted D. Steve Boland, who joined the company through the...
Two Clashing Takes on the Future of Commercial Lending
July 16, 2014 Bank of America executives downplayed expectations about commercial lending and warned about the dangers of lowering prices to...
Nonbank Loan Sales to GSEs Skyrocket, and So Do Risks: Watchdog
July 16, 2014 Nonbank mortgage lenders pose greater risks to Fannie Mae and Freddie Mac because they have limited government oversight and...
Small Banks May Soon Get a Leg Up in Mortgages from Ginnie, FHLBs
July 14, 2014 The Federal Home Loan Bank of Chicago is launching a pilot program soon to buy home loans and issue Ginnie Mae securities. The...
SunTrust Shows Some Banks Still Willing, Able to Buy Servicing
July 3, 2014 As interest rates rise and loans become more likely to stay on the books, more banks may show up on the buy side of the market...
'1,000 Shades of Non-QM': Home Lenders Court Niche Borrowers
July 1, 2014 Lenders hope to earn bigger profits by originating loans that fall outside the qualified mortgage guidelines, for which they...
Servicers' Rapid Growth Poses Danger to GSEs, Watchdog Warns
June 30, 2014 A nonbank mortgage servicer that took on more loans than it could handle ended up delaying payments to Fannie Mae and Freddie...
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