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FHA, VA Loan Limits in 2019

December 20, 2018
The FHA and the Department of Veterans Affairs last week announced new loan limits for 2019.
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Nonbanks Build Production Market Share in 3Q18 as Top Tier of Lenders Gains Strength

December 20, 2018
Nonbank mortgage lenders continued to gain market strength in first-lien originations during the third quarter of 2018, according to an Inside Mortgage Finance ranking and analysis. [Includes two data charts.]
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VA Issues Interim Final Rule for Cash-Out Refinance Loans, Segregates Them into Two Distinct Categories

December 20, 2018
The Department of Veterans Affairs this week sought comment on an interim final rule amending its regulations on cash-out refinancing as part of its effort to prevent abusive lending practices that target VA loans and veteran borrowers.
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Ditech Decides Not to Make Scheduled Debt Payment. Meaning?

December 19, 2018
Paul Muolo
Ditech's shares now trade for just six cents apiece...
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Adverse Ruling in Closely Watched Case Could Increase Servicer Liability

December 19, 2018
George Brooks
The Tenth Circuit found the FDCPA’s plain language to be controlling…
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PRMI President and CEO Dave Zitting to Depart After Selling His Stake in the Lender

December 19, 2018
Paul Muolo
Founded 20 years ago, PRMI is a retail-only lender that funded $3.7 billion through the first nine months of 2018…
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FHA Drops Warranty Requirements for New Single-Family Construction

December 19, 2018
George Brooks
FHA says positive trends in the housing sector have weakened the need for the multi-year warranty.
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Short Takes: Do GSE Servicers Need to Worry About Liquidity? / MF Cap Set at $35 Billion / New American Buys Minnesota Lender / Humble Beginnings / Kraninger Will Keep the CFPB Name / BoNY Mellon to Enter Non-Agency Market as Master Servicer

December 19, 2018
Brandon Ivey and Paul Muolo
Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…
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SRPs Remain High. MSR Interest Strong but Declining Rates Begin to Weigh

December 18, 2018
Paul Muolo
One advisor said he knows of three bulk transactions that are stalled: one sized at $7.0 billion, another at $16.0 billion, and one more at $24.5 billion.
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Quicken Launches Jumbo Product Allowing Qualification Based on Assets Instead of Income

December 18, 2018
Brandon Ivey
According to Quicken, the loan could work well for retirees...
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