Monday Morning Cup Of Coffee: Mulvaney’s CFPB losing interest in payday lenders? | 2018-03-26

Monday Morning Cup of Coffee takes a look at news coming across the HousingWire weekend desk with more coverage to come on bigger issues. The Consumer Financial Protection Bureau’s acting director, Mick Mulvaney, has stopped the agency’s pursuit to sue a payday lender and is mulling over dropping the cases against three more payday lenders,…

S&P: Mortgage bond issuance doubled in 2017, will continue rising in 2018 | 2018-01-03

Back in June, Standard & Poor’s Global Ratings said that 2017 was on track to be the best year for the residential mortgage-backed security market since 2013. Now that the final numbers are in, it looks like 2017’s mortgage bond issuance exceeded even the sunniest of forecasts. S&P’s original 2017 forecast for RMBS-related issuance, which…

Angel Oak raises nearly $300 million to invest in non-QM lending | 2018-01-04

It appears that private capital’s interest in mortgages that don’t fit into the Qualified Mortgage box is growing. Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, announced this week that it raised nearly $300 million to invest in non-QM lending. Specifically, the company raised $291 million in capital commitments for…

Caliber Home Loans launches app suite | 2018-03-12

On Monday, Caliber Home Loans announced the launch of a new mobile platform. The platform features three mobile phone apps customized for its three user groups – borrowers, Caliber’s sales force and business associates. The apps enable its user groups to receive real-time information. Caliber processes data from all three apps on the back end, which…

Wells Fargo pays $3.25 billion in Q4 for mortgage regulatory investigations, sales practices | 2018-01-12

2017 has been quite a year for Wells Fargo, as it continued to face fallout from its massive fake accounts scandal. Several states, including California, Ohio and New Mexico, rose up against the bank, banning it from doing business with their governments. But the fake accounts scandal wasn’t the only malpractice discovered at the bank.…