Collier Lender » Mortgages

FHFA’s Inspector General Needs a MSR Evaluator, but Why?

mortgagebroker — Mon, 12 Dec 2011 22:44:00 +0000

The Inspector General’s office of the Federal Housing Finance Agency is taking bids on a contract to evaluate mortgage servicing rights, according to a ‘request for proposal’ being circulated around the industry.

G-Fee Hike in GOP Version of the Payroll Measure

mortgagebroker — Mon, 12 Dec 2011 18:53:00 +0000

House Republican leaders have included a hike in GSE guarantee fees in their bill to extend a payroll tax holiday that is similar to a Senate version, which means seller/servicers could be facing higher g-fees next year.

Late Rates on HOA Dues Are Increasing

mortgagebroker — Mon, 12 Dec 2011 16:03:00 +0000

State and local governments aren’t the only ruling bodies feeling the impact of the housing meltdown. So are homeowner associations, the “mini” governments that ride herd over hundreds of thousands of communities from coast to coast.

Another Increase in Market Share for Loan Brokers

mortgagebroker — Sun, 11 Dec 2011 13:30:03 +0000

Perhaps the future for loan brokers isn’t so bleak after all. Wholesale lenders table funded almost $33 billion of loans in the third quarter, giving the channel a 9.2% market share, according to new figures compiled by National Mortgage News and the Quarterly Data Report.

Fannie Demands Immediate Notification on MI Rescissions

mortgagebroker — Sun, 11 Dec 2011 13:30:03 +0000

Fannie Mae recently told its seller/servicers that all mortgage insurance rescissions, cancellations and claim denials tied to loans it bought must be reported to the agency immediately.