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A Coming Boom for Non-Agency MBS? New Deals are Oversubscribed

October 4, 2017
Brandon Ivey
Kroll Bond Rating Agency projects that about $11.0 billion of prime non-agency MBS will be issued this year…
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Lenders Defend Bank-Statement Mortgages

October 3, 2017
Brandon Ivey
“Today we can definitely say we know everything about that borrower,” said Steven Schwalb of Angel Oak…
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FHFA Director Mel Watt Once Again Sounds Warning on GSE Capital Buffer, Offers Hints on What He Might Do

October 3, 2017
Paul Muolo
FHFA Director Mel Watt: “In fact, it is especially irresponsible for the enterprises not to have such a limited buffer..."
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HomeStreet Scales Back Mortgage Operations, Cites Lack of Housing Supply on West Coast

October 3, 2017
Brandon Ivey
HomeStreet will reduce its mortgage banking staff by 60 full-time equivalent employees...
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IMA Launches Auction for $9.6 B Fannie/Freddie MSR Portfolio

October 3, 2017
Paul Muolo
The Fannie/Freddie MSR portfolio has no delinquencies whatsoever…
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IG Blasts FHFA for Escalating Costs in New Fannie Mae HQ

October 3, 2017
Carisa Chappell
Meanwhile, FHFA Director Mel Watt called the new IG audit “seriously flawed…”
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Short Takes: Some Criticism for the GSE Regulator / Security National Passes $3B Mark / Ellie Mae Completes Velocify Deal / Banks Will Pay Because of Equifax Mess / Executive Bolts Stearns for Sierra Pacific

October 3, 2017
Paul Muolo and Thomas Ressler
But that didn’t stop the conservative from the Lone Star state from offering up some critiques on the FHFA...
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Surprise (Or Maybe Not): ARM Originations Up Sharply in Second Quarter

October 2, 2017
Brandon Ivey
LoanDepot more than doubled its ARM originations in that span, and large increases were also seen at Wells Fargo, Bank of America Home Loans, First Republic Bank and MUFG…
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MSR Market Heats Up, But Hurricanes are a Factor; A Fannie Moratorium Lifted

October 2, 2017
Paul Muolo
Still, the deal world grinds forward. “Ten days ago, sales were dead, but interest is picking up again,” said Mark Garland, president of MountainView Servicing Group…
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Ginnie Mae Says Hurricane Damage Affected Almost 10 Percent of its Portfolio

October 2, 2017
Paul Muolo
In the interim, mortgage servicers must continue to pass on the principal and interest payments to the end bondholders.
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