Fewer homeowners are paying off their mortgages early

Posted on September 06, 2018

Fewer homeowners are paying off their mortgages early Residential mortgage prepayment rates slowed in 48 states and the District of Columbia between the 12-month period that ended April 30 and the 12-month period that ended July 31, according to data in reports issued by MountainView Financial Solutions, a Situs company. The 12-month prepayment rate on […]

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Ginnie issuers raise concerns with orphaned and re-performing VA loans

Posted on August 30, 2018

In observance of the Labor Day holiday, Newswatch will not be distributed on Tuesday, September 4, 2018. Circulation will resume on Friday, September 7, 2018. Ginnie issuers raise concerns with orphaned and re-performing VA loans Mandated by The Economic Growth, Regulatory Relief and Consumer Protection Act, Ginnie Mae changed pooling eligibility criteria for Department of […]

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Mortgage lenders need more help implementing law’s abrupt changes

Posted on August 26, 2018

Mortgage lenders need more help implementing law’s abrupt changes The Economic Growth, Regulatory Relief and Consumer Protection Act, signed into law in late May, addressed several important issues facing the mortgage industry. The legislation, however, may have created unexpected implementation challenges for mortgage lenders. Certain provisions of the legislation failed to provide implementation timelines, guidance […]

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MSR portfolio hedging continues to produce positive results

Posted on August 23, 2018

MSR portfolio hedging continues to produce positive results Risk management activities for 14 of the largest holders of residential mortgage servicing rights (MSR) produced an average net gain in asset value of 0.4% during the second quarter of 2018, according to the MSR Industry Report released last week by MountainView Financial Solutions, a Situs company. […]

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The housing market will self-correct

Posted on August 20, 2018

The housing market will self-correct “Is something wrong? Are we starting to see some cracks in the housing market?” Charles Payne asked Tim Rood, Chairman of The Collingwood Group, during a recent television appearance on FOX Business. Remarking on the latest slowdown in the housing market, particularly in housing permits, housing starts and existing home […]

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Collingwood covers interest rates, millennials and housing bubbles during industry webinar

Posted on August 16, 2018

Collingwood covers interest rates, millennials and housing bubbles during industry webinar ‘”How do you handle a housing bubble,” asked a webinar hosted last week by National Mortgage News and CoreLogic. Featured speakers, including Tim Rood, chairman of The Collingwood Group, a Situs company, weighed in on the issue, projecting relative growth and sound fundamentals in […]

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What you missed in MountainView’s MSR webinar

Posted on August 13, 2018

What you missed in MountainView’s MSR webinar Escrow custodial account earnings have a significant impact on mortgage servicing right (MSR) asset values, and – in contradiction to what many holders of the asset might think – mortgages of borrowers with low credit scores aren’t prepaying slower than loans to borrowers with higher credit scores. Those […]

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What’s driving the increased trading of home equity loans?

Posted on August 09, 2018

What’s driving the increased trading of home equity loans? Activity in the secondary market for home equity loans, also known as 2nd lien loans, has ramped up across most market segments in 2018. The spur behind the increased trading has been greater supply driven by higher prices, according to a new report from MountainView Financial […]

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Has the White House found the shortcut to CFPB reform?

Posted on August 06, 2018

Has the White House found the shortcut to CFPB reform? A recent judicial decision and the steady accumulation of internal policy changes may have finally opened the door for substantive reform at the Consumer Financial Protection Bureau (CFPB). The Trump administration appears to have found a shortcut to address the mortgage industry’s concerns with the […]

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