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IMFnews - November 16, 2018

What We’re Hearing: GNMA’s Michael Bright is Taking No Chances / Ginnie Servicing is Now Worth… / Bright and the FHFA Job / The Bigger You Are… / 47 Percent of Lenders Eyeing the Non-QM Market? / Radian Gets a New Controller

By Paul Muolo

A new poll being conducted by Inside Mortgage Finance/IMFnews shows that 47 percent of lenders are contemplating originating non-QM mortgages in 2019...

REIT MBS Holdings Grew in 3Q18. Non-Agency Product in Demand

By John Bancroft

Non-agency MBS holdings by REITs grew slightly faster than agency securities…

Under Michael Bright, Ginnie Mae Continues to Tighten Issuer Standards, Accountability

By Paul Muolo

Ginnie said the evaluation will be “similar to those employed by credit rating agencies.”

House Power Shift May Have Little Impact on GSE Reform While Dampening Reg Relief

By Yemeng Yang

In a recent eight-page memo outlining her priorities, Rep. Maxine Waters did not address the conservatorships of Fannie Mae and Freddie Mac…

After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

By Paul Muolo

Back in June, Wells trimmed 400 mortgage jobs, including 63 mortgage workers in Frederick, MD.


With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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