The non-agency conduit owned by Radian is for sale. The entity started issuing MBS about a year ago and stood out among competing providers of private mortgage insurance.
Nonbank mortgage companies would continue to face reporting obligations even if earnings disclosures from public companies become less frequent, as talked about by the Trump administration.
Proposed changes to servicing rules to discourage foreclosures or require nonbanks to maintain cash buffers could add costs for borrowers, according to a report from the Congressional Research Service.
Katie Sweeney denied allegations from the Association of Independent Mortgage Experts that she steered sponsorships and contracts away from the trade group for personal gain.
Players in the non-qualified mortgage market are expecting interest rates on non-agency mortgages to slowly fall following the Federal Reserve’s cut to the federal funds rate.