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Volume 2014 - Number 26

December 19, 2014

News Briefs

Credit Suisse appears to be close to issuing a jumbo mortgage-backed security with some loans sourced from Five Oaks Investment. Stonegate Mortgage announced an expansion of its offerings of non-agency mortgage products last week. The lender is offering adjustable-rate mortgages with loan-to-value ratios as high as 90 percent and no requirement for mortgage insurance. The loans can have balances as high as the conforming loan limit ... [Includes three briefs]

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results