USDA Continues Pilot Program that Uses Alternative Loan Limits March 28, 2018 George Brooks Regardless of the method used, the area loan limit may not exceed the FHA single-family mortgage limit.Read More
FHFA Gets Specific on the ‘Common Security’: June 3, 2019 March 28, 2018 Paul Muolo and Carisa Chappell FHFA Director Mel Watt is urging the mortgage industry “to get ready now to ensure smooth, successful implementation.”Read More
Short Takes: What’s Up (Down) with GSE Common? / No News, No Bill, No Hope / Citadel Loosens Underwriting / Angel Oak Opens Dallas Ops Center, Seeks New Hires / W&D Expands March 28, 2018 Paul Muolo and Brandon Ivey It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...Read More
loanDepot to Issue its Own Non-Agency MBS, Packaging Jumbos and GSE-Eligible Loans March 27, 2018 Brandon Ivey Nearly all of the loans are 30-year fixed-rate mortgages and have seasoned for an average of 2.1 months.Read More
Retail Loses Jumbo Market Share, Volume Down Across All Channels March 27, 2018 Brandon Ivey Mortgage brokers are gaining market share in jumbo lending…Read More
New Top Dog at Impac Mortgage Will Earn at Least $2.25 Million This Year March 27, 2018 Paul Muolo As part of his employment package, Mangiaracina is entitled to a severance payment of at least $750,000…Read More
Mortgage Jobs Outlook: A Bit Grainy March 27, 2018 Paul Muolo UWM’s Mat Ishbia credits the company’s strong ties to the broker community for its performance…Read More
Short Takes: loanDepot will Issue Non-Agency MBS / Okay, So It’s Not $6 Million / The Changing of the Guard / Tiptree Nears Sale of Jumbo Lender / Stock Repurchase Plans / MountainView Selling Whole Loans March 27, 2018 Paul Muolo and Brandon Ivey The two men steered Impac through the rocky waters of the financial crisis...Read More
Optimism Down Among Potential Buyers as Spring Homebuying Season Commences March 27, 2018 Brandon Ivey Homebuying anxiety has set in with many house hunters telling Realtors they are dispirited by the stiff competition for the short number of listings they can afford…Read More
Angel Oak Set to Issue its Largest Nonagency MBS to Date. A Wide Variety of Loan Types… March 27, 2018 Brandon Ivey The weighted average credit score is 701 and average LTV is 76.8 percent...Read More
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