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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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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

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

NMP Presents ... State of the Industry Roundtable Discussion

Noel Chapman Executive Vice President REMN Wholesale Noel Chapman has been employed in the mortgage industry since 1986. After 12 years on the retail side of the business, Noel entered the wholesale c... read more

PNC Earns Record Net Income of $3.4 Billion for 2010

The Consolidated Financial Highlights accompanying this news release include reconciliations of reported to adjusted results and other non-GAAP financial measures including pretax pre-provision earnin... read more

Wells Fargo Reports Record Quarterly Net Income

(3) Real estate 1-4 family mortgage loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA) and student loans predominantly guaranteed by age... read more

Reverse Mortgage Lenders are Gearing up For Growth, Now Hiring

Reverse mortgage lenders are hiring now more than ever following big bank exits from the business. The list of lenders on the search has grown to include companies large and small, from phone originat... read more

Winning the mortgage fraud game

Mortgage fraud continues to increase, despite the numerous news articles and media attention that bring ... indemnification since any government insurance program (FNMA, FHLMC, FHA, VA) would be withd... read more

Wells Fargo Reports $5.8 Billion in Net Income

(3) Real estate 1-4 family mortgage loans predominantly insured by the Federal Housing Administration (FHA ... VA. Foreclosure of certain government guaranteed residential real estate mortgage loans t... read more

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