Jumbo Delinquency Rate Increased in 3Q17, but in Line with Overall Market December 12, 2017 Brandon Ivey Late-payment rates rose due to a number of factors…Read More
Short Takes: Casey (Crawford) Sacked by Mortgage Regulators in California / The California Wild Fires and Mortgages / MBA Hires Spencer Stuart for CEO Search / Dems File Amicus Brief in CFPB Case December 12, 2017 Paul Muolo and Thomas Ressler Moral of the story: If you're going to service loans in California, you better have a license...Read More
Senate Vote on FHA Nominee Could Come Before Yearend December 12, 2017 George Brooks If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new condominium rules, dealing with reverse mortgage losses and more…Read More
REITs and Nonprime Lenders Look to Strike ‘Working Relationships’ December 12, 2017 Paul Muolo Mike Fierman, managing partner and co-CEO of the Angel Oak Companies: “I get calls every day” from investment funds.Read More
JPM’s New Non-Agency MBS Chock Full of ‘Agency Eligible’ Loans December 12, 2017 Brandon Ivey The conforming mortgages in the deal were largely originated by correspondent lenders…Read More
Short Takes: And Now for a Word About Bitcoin / Can Trump Clear the Air? / Consultant Wonders about Endorsements / MIAC Selling NPLs, RPLs / Farmer Mac CEO Fired with No Severance December 11, 2017 Paul Muolo One of these days an answer will arrive, but until a mortgage company is sold for Bitcoins, we’ll stay on the sidelines…Read More
Surprise: The Subprime Delinquency Rate Jumps in 3Q17 December 11, 2017 Brandon Ivey The dollar volume of outstanding subprime mortgages continues to decline…Read More
It’s that Time of the Year: Mortgage Layoffs December 11, 2017 Paul Muolo Still, large cutbacks have not been the norm, at least not yet…Read More
The Industry Shows Concern (Once Again) about GSE Technology and Potential Abuses December 11, 2017 Carisa Chappell MBA: Fannie and Freddie should only undertake those activities that support secondary market liquidity…Read More
Phoenix Capital Auctioning Off Bulk MSR Package December 11, 2017 Paul Muolo The seller of the MSR package is looking for a final sale date of Jan. 31…Read More