Don’t Look Now, but Nonbanks Had the Market Share Lead on GSE Deliveries in 2Q16 July 7, 2016 John Bancroft Nonbank mortgage lenders saw a 33.0 percent increase in GSE deliveries during the second quarter…Read More
How Low Might the Yield on the 10-Year Treasury Go? What About 1.0 Percent? July 6, 2016 Paul Muolo A recession in the U.S. could cause the 10-year Treasury bond to yield 1.0 percent…Read More
Short Takes: Another Refi Boom? Maybe Not / Application Volumes Can Vary / MBA’s Tally / Pickup’s Stake in Impac / Ditech Hires Former JPM Executive July 6, 2016 Paul Muolo The refi share of new applications is now at 61.6 percent…Read More
Fitch Says Positive Rating Benefit for Non-Agency MBS with Deal Agent will be Small July 6, 2016 Brandon Ivey The rating service said the expected loss benefit at the AAA level will likely be modest or immaterial for most transactions.Read More
FHA Condo Lending Declines; Trade Groups Push for Action on Legislation July 6, 2016 Paul Muolo and George Brooks The bill would lower FHA’s current owner-occupancy requirement from 50 percent to 35 percent…Read More
The Mortgage IPO Market: Dead Until Next Year; Research Firm Closes July 6, 2016 Paul Muolo As one equities official noted: “It’s not fun being a stock analyst these days.”Read More
Why Ginnie is Concerned About Nonbanks: A 69.4 Percent Issuance Market Share for 1Q16 July 6, 2016 John Bancroft Non-depositories also added about $40.45 billion through the agency’s pools issued for immediate transfer program, or co-issuance option.Read More
VA Production on the Rise in 1Q16; Streamlined Refis Lead the Way July 5, 2016 George Brooks USAA ranked first in VA loan production with Freedom Mortgage a close second...Read More
Nationstar Gives the Chairman Job to Jay Bray; Wes Edens Retires July 5, 2016 Paul Muolo Edens is a principal and co-chairman of Fortress Investment Group, a publicly traded investment fund that happens to own 66.2 percent of Nationstar’s stock.Read More
Short Takes: Can You Spell ‘Prepayment’: Yield on 10-Year Drops to New Low! / Ocwen Clocked Again / CFPB Reveals IO Disclosure Problem / Freddie Sells NPLs / Promotions at BB&T July 5, 2016 Paul Muolo and Brandon Ivey Can rates go any lower than this? Time will tell...Read More
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