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Low Interest Rates Not Enough to Boost Originations: Fitch

August 27, 2019
Brandon Ivey

A decline in interest rates typically helps increase mortgage originations, but this time is different, according to Fitch.


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In Long-Awaited Move, HUD Loosens Condo Financing Rules

August 14, 2019
George Brooks

In addition, the new rules would establish an allowable range for commercial space between 25% and 60%, which would make it less cumbersome for mixed-use communities to obtain FHA approval. 


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Verus Set to Issue Another Large Expanded-Credit MBS

August 7, 2019
Brandon Ivey

The $569.11 million MBS will be the third deal of the year from Verus with a dollar volume greater than $500 million.


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Solid Gains for FHA and VA Production in 2Q19

August 6, 2019
George Brooks

Among the top 10 FHA direct lenders, not one was a bank. Quicken ranked first overall...


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Large Chunk of GSE Business is Outside of ‘Core’ Functions

August 5, 2019
Brandon Ivey

Fannie/Freddie "noncore" loans include conforming jumbos, mortgages with debt-to-income ratios greater than 43%, investor loans/second properties and cash-out refinances...


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PIMCO Aggregating Loans from Older Non-QM MBS in New Issuance

August 5, 2019
Brandon Ivey

More than 80% of the loans were in MBS issued in 2016 and 2017 that have since been “collapsed,” according to a report from Fitch Ratings.  


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CMBS Market Fueled by Non-Agency Paper

August 2, 2019
John Bancroft

The securitization of retail-property mortgages plummeted 25.7% from 1Q to 2Q, IM&A found...


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Despite 2Q19 Origination Boom, Mortgage Jobs Lag

August 2, 2019
Paul Muolo

Large nonbanks the likes of UWM, Quicken and loanDepot are hiring but overall, the mortgage employment figures for June were not particularly strong...


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Freedom Mortgage Strikes Again with Another M&A Deal, Agrees to Buy Sub of OTC-Traded Firm

August 1, 2019
Paul Muolo

In 2016, J.G. Wentworth Co. was delisted from the New York Stock Exchange. At the time, its shares traded for 40 cents apiece compared a 52-week high of $10.41. 


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Ramifications Regarding Expiration of the ‘GSE Cap’ Overblown?

August 1, 2019
Paul Muolo
The “GSE patch” news is a week old now, but the ramifications are still unclear. One big wild card: the election of a Democrat president.
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