Impact Unclear in Miami-Predatory Lending Supreme Court Case May 2, 2017 Brandon Ivey Some analysts believe the Supreme Court’s ruling will result in the filing of new claims, but the Buckley Sandler law firm sees it differently...Read More
Nonprime Lender Deephaven Passes the $1.0 Billion Mark in Loan Acquisitions May 2, 2017 Brandon Ivey Deephaven CEO Matt Nichols is a former managing director at Goldman Sachs & Co.Read More
FHA/VA Default Rates Down in Early 2017, Some Sharply May 2, 2017 John Bancroft The number of FHA loans 30-60 days past due declined by 28.4 percent, lowering the delinquency rate by 1.51 percentage points…Read More
Freddie Profit Slips to $2.2B as Hedging Gains Disappear; ‘Account Surplus’ with Uncle Sam to Hit $36.9 Billion May 2, 2017 Carisa Chappell and Paul Muolo Since the fall of 2008, Treasury has controlled the senior preferred stock in Freddie and Fannie, making the U.S. government the de facto owner of the two - and the linchpin to the housing and mortgage markets.Read More
House Financial Services Committee Begins Markup of ‘CHOICE’ Act; Process Could Last Days May 2, 2017 Thomas Ressler The Mortgage Bankers Association, for its part, expressed strong support for some provisions of the Hensarling bill…Read More
Short Takes: Mr. Who? / What were the Other Choices? / Cerberus Readies MBS Backed by Seasoned Loans / What Works Best for Freddie’s Profits / Help Wanted: Idaho Mortgage Banker May 2, 2017 Brandon Ivey and Paul Muolo If Mr. Cooper was the first choice, what were the others? Read More
Ocwen in Negotiations to Sell Large Block of Servicing to New Residential May 1, 2017 Paul Muolo The transaction was mentioned during New Residential’s earnings call Monday morning and confirmed by a source...Read More
Jumbo Originations Down Sharply in 1Q17, but Lenders Remain Optimistic May 1, 2017 Brandon Ivey While jumbo production fell on a sequential basis, many lenders saw a gain when compared to the same quarter a year earlier…Read More
Proposed Changes from S&P to Non-Agency MBS Rating Criteria Would Favor Prime Mortgages May 1, 2017 Brandon Ivey S&P said the revisions are intended to better reflect the evolution of the U.S. residential mortgage market over the past several years…Read More
At Secondary Conference, MBA Chief Calls GSE Recap & Release ‘Crazy’ May 1, 2017 Paul Muolo Stevens credited the Federal Housing Finance Agency with making “significant progress” in fixing the flaws of Fannie and Freddie...Read More