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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CFPB reform: The most important issue missing from the regulatory relief legislation

Posted on August 02, 2018

CFPB reform: The most important issue missing from the regulatory relief legislation When the President signed The Economic Growth, Regulatory Relief and Consumer Protection Act into law on May 24, it was applauded by the financial services sector for delivering much-needed, long-awaited regulatory relief. While the industry is grappling with technical clarifications and unforeseen implementation […]

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NPL buyers should buy with greater focus on re-sale price in mind

Posted on July 30, 2018

NPL buyers should buy with greater focus on re-sale price in mind In the residential whole loan market, many non-performing loan (NPL) buyers see an opportunity to rehabilitate borrowers, turn the assets into re-performing loans (RPLs) and eventually sell the assets to an investor that specializes in owning RPLs. The strongest buyers of RPLs are […]

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Expect OCC examiners to focus on these three mortgage issues

Posted on July 26, 2018

Expect OCC examiners to focus on these three mortgage issues Compliance risk continues to top the list of the Office of Comptroller of the Currency’s (OCC) concerns about mortgage lending. In the recent Semiannual Risk Perspective, the OCC encourages mortgage bankers and examiners to be aware of the challenges posed by Home Mortgage Disclosure Act (HMDA) […]

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Prices in the MSR market are strong — for pristine portfolios

Posted on July 23, 2018

Prices in the MSR market are strong — for pristine portfolios “Strong” is an adjective frequently used to describe the prices paid for residential mortgage servicing rights (MSRs) in recent months. Beyond the glimmer, however, is the reality that only specific slices of overall portfolios are trading very well, and a lot of MSRs out there are […]

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