loanDepot Preps Second Prime Non-Agency MBS of the Year; Galton Increases ECM Issuance October 17, 2018 Brandon Ivey Some 20.9 percent of the loans in the new loanDepot MBS are eligible for sale to the GSEs, down from 40.7 percent in the previous deal from the nonbank…Read More
A Slight Gain in Originations for U.S. Bank in 3Q18 October 17, 2018 Paul Muolo Loan production increased at U.S. Bank but mortgage revenue declined…Read More
Fannie Sells Three VA Buildings as it Preps for Office Consolidation October 17, 2018 Carisa Chappell The Fannie Mae Virginia properties were sold for roughly $130 million…Read More
Short Takes: What Will Ben Carson Cut? / GSE DTI Ratios Too High? / A Woman May Head the FHFA / Nomura Settles with DOJ / Strong Earnings from MGIC / Needed: Some CFPB Guidance October 17, 2018 Brandon Ivey, Paul Muolo, and Yemeng Yang Budget cuts coming to HUD?Read More
MBA Panelists Express Grave Concerns about the Current Profit Picture October 16, 2018 Paul Muolo Ken Logan, managing director of warehouse finance for Wells Fargo Bank, noted that nonbanks need to know “not having cash matters.”Read More
Flagstar Readies Non-Agency MBS Stocked with GSE-Eligible Loans for Investment Properties October 16, 2018 Brandon Ivey Some 78 percent of the loans are GSE-eligible mortgages for investment properties…Read More
Mulvaney Tells MBA: CFPB to Define ‘Abusive’ Under UDAAP; Regulation by Enforcement is Over October 16, 2018 Yemeng Yang CFPB chief Mick Mulvaney declared the regulation-by-enforcement approach done...Read More
FHA Market Grows Riskier in 2018 October 16, 2018 John Bancroft FHA debt-to-income ratios are also deteriorating…Read More
MBS ‘Godfather’ Ranieri Agrees to Sell Servicing Company Selene October 16, 2018 Paul Muolo “It’s time to go,” said Ranieri...Read More
Short Takes: Trump’s Point Man on GSE Reform: Yank Fannie and Freddie’s Charters / New 52-Week Lows / Ginnie Issuer Gets its Ticket Pulled / Uncle Sam is Spending Too Much Money (Again) / A Name Change for Ocwen? October 16, 2018 Paul Muolo Meanwhile, there was chatter at the MBA convention that Ginnie Mae had just yanked the ticket of one of its MBS issuers.Read More
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