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Servicing News; Fha And Va Update; Us Bank Exits Wholesale - Latest News

Servicing News; FHA and VA Update; US Bank Exits Wholesale

Upset that Richard Cordray has left the CFPB and is officially running for governor of Ohio? Bored with lending here, and want to go into the home financing business in Africa? Per AllAfrica, Tanzania ... read more

Impac Mortgage's (IMH) CEO Joe Tomkinson on Q1 2017 Results - Earnings Call Transcript

In February, the company paid off its $30 million working line of credit and replaced it with a mortgage servicing rights financing facility, which on an annualized basis provided $1.35 million in int... read more

OneWest Exits Reverse Mortgage Business, Shuts Down Financial Freedom (update)

“After careful consideration, we have decided to exit the wholesale reverse mortgage origination business based on the regulatory environment and the desire to focus on the bank’s core businesses ... ... read more

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Global DMS' Global Kinex Now Integrated With the FHA’s EAD Portal

Global DMS has officially integrated its Global Kinex application with the Federal Housing Administration’s (FHA) new Electronic Appraisal Delivery ... FRE Form 70B) Appraisal Update or Completion Rep... read more

Wells Fargo Reports $5.7 Billion in Net Income

total loans 0.32 0.35 0.48 Allowance for credit losses as a % of total loans 1.61 1.67 1.93 Allowance for credit losses as a % of annualized net charge-offs 509 481 405 Wells Fargo & Company ... offse... read more

METLIFE INC – 10-Q – Management’s Discussion and Analysis of Financial Condition and Results of Operations

Stressed conditions, volatility and disruptions in global capital markets, particular markets, or financial asset classes can have an adverse effect on us ... are described in "Management's Discussion ... read more

Fifth Third Exits Broker Channel; M&A Updates; MI Companies Dissolve MICA; NY/NJ Foreclosures

J.P. Morgan was alleged to falsely certified FHA and VA loans as early ... received some tough news yesterday from its president. "...Based on the current environment, and after careful consideration, ... read more

Ocwen Financial Management Discusses Q1 2014 Results - Earnings Call Transcript

Second, it's important to be in sync with the fullest regulatory mandates, and Ocwen is the only non-bank fully subject to the national servicing settlement requirements ... Ginnie Mae, FHA, VA, priva... read more

Nonprofit Sues HUD Over Reverse Mortgage Non-Borrowing Spouse Info

CRC submitted the request for information after being contacted by widowed homeowners and advocates in the context of its protest against the $3 billion acquisition of OneWest Bank by CIT Group ... Th... read more

Bank of America and HUD Reach Agreement on LGBT Discrimination Claim

In addition, Bank of America will remind its employees that they are prohibited from discriminating against FHA-loan applicants on the basis of sexual orientation, gender identity or marital status. B... read more

Wells Fargo Reports Record Quarterly Net Income

total loans 0.41 0.47 0.72 Allowance for credit losses as a % of total loans (1) 1.74 1.82 2.15 Allowance for credit losses as a % of annualized net charge-offs 431 392 299 Wells Fargo & Company (NYSE ... read more


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