The specter of rising interest rates for commercial real estate debt subsided in the first quarter even as the credit quality of new commercial MBS remained stable, Moody's said.
Ginnie Mae has issued its first-ever security indexed to the Secured Overnight Financing Rate, the leading candidate to replace the decades-old London Interbank Offered Rate. The agency expects more SOFR-indexed issuance in the future.
Faxing income verification requests to the IRS may soon be a thing of the past as a bill seeking to modernize IRS processes has found strong support in Congress.
Liquidity problems may be a major driver of increased merger and acquisition activity in 2019. Although bulk MSR buyers may be taking a pause to parse interest-rate trends, volume is expected to be strong this year.
The Lake promotion comes about two weeks after JPM Chairman and CEO Jamie Dimon in a letter to shareholders said the megabank is considering significant changes in its home lending operations...
In late 2015, Quicken executive Bill Emerson complained how DOJ sued based on a paltry sample of the lender’s government-backed loans. “They cherry-picked just 55 loans [for its case],” he said…
Mat Ishbia, CEO of UWM, noted: “We finished the first quarter with [loan production] of about $17.56 billion, more than double what we did in 1Q1 2018…”
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