Tracking TRID Training; Ocwen Sells More Assets; HUD’s New Handbook; Why Mortgages Moved Yesterday

By Rob Chrisman

Posted To: Pipeline Press

“Rob, with the Fannie price changes Tuesday, does the securities market still charge a premium for high balance conforming? ” Yes it does – pools that have more than 10% of high balance (HB) conforming loans in them face a price hit of up to 2 points, depending on the HB concentration of that pool. And there are plenty of rumors out there of a major lender that mispriced its high balance conforming loans – perhaps only charging .250 – much to the delight of correspondent clients directing all their production to that lender. Wouldn’t that be a rude awakening: collecting .250 but facing a hit of 2.00 on pool made up of 100% high balance? If a lender delivers less high balance percentage, then they go down from there. But even if you’re delivering 35% or less, it still runs about .75% to 1.35…(read more)

Via:: Tracking TRID Training; Ocwen Sells More Assets; HUD’s New Handbook; Why Mortgages Moved Yesterday