Nov. 2015-Opportunity Knocks

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Page 38 of 67

Th e M Rep o RT | 37 s e r v i c i n g a na ly t i c s s e c o n da r y m a r k e t Department ORIGINATION o r i g i nat i o n departments SERVICING ORIGINATION ANALYTICS SECONDARY MARKET what's inside? 38 Mortgage Originations Drop 31 Percent in 2014, HMDA Data Finds 39 Survey Finds Consumers Do Not Bargain Hunt for Mortgage Loans 39 New Home Purchase Applications on the Decline 40 Subprime Mortgage Originations Rise During First Five Months of 2015 42 JPMorgan Q3 Net Income Rises to $6.8 Billion 42 Wells Fargo and BofA Report Strong Q3 Financial Results 43 Fifth Third Bancorp Agrees to $85 Million Settlement to Resolve Origination Fraud Claims 44 Major Banks' Third-party Mortgage Servicing Portfolios Continue to Decline 45 CFPB Spotlights Consumer Complaints Regarding Mortgage Servicing Transfers and Loan Mods 46 Servicers Must Ensure Compliance Under Regulatory Spotlight 47 SEC Charges Home Loan Servicing Solutions for Material Misstatements Related to Ocwen 47 Ocwen's 'B' Rating Is Affirmed, But Outlook Is Negative Following Layoff Announcement 50 Homeowners Continue to Overvalue Homes for Eighth Consecutive Month 51 Real Estate Market Moves From Sellers' to Buyers' Favor 51 Investment Opportunities Open in Promising Real Estate Markets 52 Home Price Declines Less Risky, Except in Oil- Dependent States 52 Residential Construction Spending Increases 53 Consumer Confidence in Housing Market Edges Up 53 Home Prices Not Sole Factor in Determining Affordability 55 Consumer Confidence a Factor in Driving Up Home Prices 56 House Passes TRID Grace Period Bill 57 Private-label Securitization Market Disappearance Affects Credit Access 58 Fannie Mae & Freddie Mac Q2 Earnings Reach $8.8 Billion 58 CFPB Says Marketing Services Agreements Undermine Consumer Kickback Protections 59 GSEs Issue New Mortgage Repurchase Policies 59 Fannie Mae & Freddie Mac Offer Informal Grace Period to Industry 60 CFPB May Allow Consumers to Bring About Class Action Lawsuits 61 GSE Reform Hot Topic of Bipartisan Panel 61 Fannie Mae's Mortgage Portfolio on the Decline 62 CFPB & DOJ Hit Hudson City With $25 Million 'Redlining' Fine 62 HUD's OIG Audit Finds loanDepot Originated Ineligible Loans

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