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Feds Cautiously OK Use of 'Alt' Data in Underwriting

December 12, 2019
Yemeng Yang

Financial regulators are backing “responsible use” of alternative data in loan underwriting but there are still many uncertainties, particularly in the world of residential finance. More to come? Indeed.


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PennyMac Ready to Make Another Trip to the Stock ‘Well’

December 11, 2019
Paul Muolo

When it comes to selling additional shares, PennyMac Mortgage Investment Trust is not shy…

 


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Subprime Servicing Rights: The Runoff Continues

December 11, 2019
Brandon Ivey
The top three subprime servicers are: Ocwen Financial, Bank of America and Chase. Most of it entails legacy product…
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Ginnie Mae MBS Production Stumbles in November

December 11, 2019
John Bancroft

Both the FHA and VA sectors saw declining securitization volume, but the VA took the bigger hit, a 12.1% drop from October.


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With Growth in Mind, Directors Hires Former LoanStar CEO Mike Baldwin

December 10, 2019
Paul Muolo

Directors Mortgage hopes to open new offices in Colorado and New Mexico by the second quarter of 2020.


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In the Non-QM Market, It’s ‘Hand-to-Hand’ Combat

December 10, 2019
Brandon Ivey

Investors see more value in non-QM whole loans rather than securitized credit products…


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Supreme Court Rejects Second CFPB Constitutionality Challenge

December 9, 2019
Yemeng Yang

At the time, industry attorneys were concerned the review sought by All American could take the Supreme Court beyond the analysis and determination sought in the Seila Law case...


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KBW: No GSE Recap in the Cards for 2020

December 9, 2019
Paul Muolo

Other matters on the government’s priority list: setting a commitment fee, resolution of the QM patch, and “any other similar changes that could impact the GSE footprint.”


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A 27% Gain for FHA Lending in 3Q19

December 9, 2019
George Brooks

Quicken Loans, United Wholesale Mortgage and Fairway Independent Mortgage, ranked first, second and third, respectively among FHA producers…


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LOs are Free to Move Around the Country: Temporary Authority in Effect

December 6, 2019
Yemeng Yang

Tim Doyle of the CSBS: “There will be a significant impact and industry should see a decreased turn time in getting the MLOs approved.”


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