MSR Sale, Cost Bundling, High Balance Products; The CFPB Wants Your Input!

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Posted To: MND NewsWire

First off, best wishes to Quicken Loans’ owner Dan Gilbert who was hospitalized Sunday after experiencing stroke-like symptoms. As the lending industry sees 19-month lows in rates (the 10-year hit 1.37% in mid-2016) and focuses on the future and ruminates on the latest big M&A deal (RoundPoint, with its $91 billion of agency servicing and its LO/correspondent origination channels, will become a wholly-owned subsidiary of Freedom Mortgage), we continue to be reminded of the problems that the financial services sector faces. Namely, as was noted in this commentary Saturday but is worth repeating, First American’s data leak has exposed sixteen years of borrower data . Hopefully there was no large-scale unauthorized access – but hope is not a strategy. What is your company…(read more)

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