Mortgage Cryptocurrency; Lender and Agency FHA, VA changes; Ginnie Names Names

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Posted To: Pipeline Press

Here’s a riddle for tonight’s Happy Hour for snowed-in Chicagoans: What do New Day Financial, Nations Lending Corp., Freedom Mortgage Corp, LoanDepot.com LLC and Flagstar Bank have in common? Answer: they were singled out by Ginnie Mae as being “outliers” in terms of their prepayment speed profiles in multi-issuer pools, and not in a good way. And no one wants to be singled out by GNMA for this. “Such deviations from market norms are not acceptable and put a veteran earned benefit at risk.” (There were a few other lenders who received the letter, but not explicitly mentioned. The usual suspects are suspected.) New Products LendingQB has added CoreLogic’s LoanSafe Fraud manager into its LOS to bring a more streamlined lending experience to LendingQB customers. This recent…(read more)

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