Ginnie Mae Isn’t Done with its Crackdown on Rapid Refis February 28, 2018 George Brooks The firms that have been warned by Ginnie are: Cardinal Financial, Flagstar, Freedom Mortgage, JG Wentworth, loanDepot, Nations Lending, New Day Financial, SunWest Mortgage and Texas Capital Bank.Read More
Short Takes: FHA Official Rules Out MIP Cut / Essent Marketing First Risk-Sharing Deal / The HUD Secretary’s $31,000 Dining Room Table / PHH Calls it a Day on PLS Business / Finance of America Hires Radian Executive February 28, 2018 Brandon Ivey and Paul Muolo PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client. Read More
Non-Agency MBS Issuance Backed by New Loans Expected to Double. But Big Investors Still Have Concerns February 27, 2018 Brandon Ivey Expanded-credit MBS issuance could top $12 billion this year…Read More
Warren Buffett’s Mortgage Company Agrees to Buy Silverton Mortgage February 27, 2018 Paul Muolo Vanderbilt of Maryville, TN, is known mostly for its role as a financier of manufactured and modular homes.Read More
Angel Oak Had Record Non-QM Production in 2017, Sees Market Increasing to $100 Billion-Plus February 27, 2018 Paul Muolo AO managing partner Steven Schwalb sees the non-QM market growing to over $100 billion in the coming years…Read More
AEI Advocates for Trump to Solve the GSE Conundrum, Wants Private Sector to Take Control of the Housing Market February 27, 2018 Carisa Chappell As might be expected, the American Enterprise Institute wants to eliminate Fannie Mae and Freddie Mac…Read More
Ginnie Mae Issuers Deny ‘Churning’ Allegations February 27, 2018 George Brooks Flagstar Bank and NewDay Financial said they have policies and procedures in place to prevent churning, or serial refinancing…Read More
Short Takes: AEI’s Wish-List: No More Cash-Out Refis for Fannie and Freddie / Number 29 for Ocwen / Altisource Worries about its Reliance on Ocwen / The Digital Revolution / Mortgage Network Unveils Jumbo Renovation Loan February 27, 2018 Paul Muolo Is the White House listening to the AEI on GSE reform?Read More
Market Shocker: Ocwen Agrees to Buy PHH Corp. for $360 Million in Cash February 27, 2018 Paul Muolo As one servicing broker told Inside Mortgage Finance: “Wow. I didn’t see that coming.”Read More
Ginnie Considering Partnering with FHA to Offer Risk-Sharing MBS. Private Market Would Assume Credit Risk February 26, 2018 Brandon Ivey Bright suggested that Ginnie Mae could work with the Federal Home Loan Bank of Chicago on risk-sharing transactions...Read More
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