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Nonprime Lender Deephaven Passes the $1.0 Billion Mark in Loan Acquisitions

May 2, 2017
Brandon Ivey
Deephaven CEO Matt Nichols is a former managing director at Goldman Sachs & Co.
Read More

FHA/VA Default Rates Down in Early 2017, Some Sharply

May 2, 2017
John Bancroft
The number of FHA loans 30-60 days past due declined by 28.4 percent, lowering the delinquency rate by 1.51 percentage points…
Read More

Freddie Profit Slips to $2.2B as Hedging Gains Disappear; ‘Account Surplus’ with Uncle Sam to Hit $36.9 Billion

May 2, 2017
Carisa Chappell and Paul Muolo
Since the fall of 2008, Treasury has controlled the senior preferred stock in Freddie and Fannie, making the U.S. government the de facto owner of the two - and the linchpin to the housing and mortgage markets.
Read More

House Financial Services Committee Begins Markup of ‘CHOICE’ Act; Process Could Last Days

May 2, 2017
Thomas Ressler
The Mortgage Bankers Association, for its part, expressed strong support for some provisions of the Hensarling bill…
Read More

Short Takes: Mr. Who? / What were the Other Choices? / Cerberus Readies MBS Backed by Seasoned Loans / What Works Best for Freddie’s Profits / Help Wanted: Idaho Mortgage Banker

May 2, 2017
Brandon Ivey and Paul Muolo
If Mr. Cooper was the first choice, what were the others?
Read More

Ocwen in Negotiations to Sell Large Block of Servicing to New Residential

May 1, 2017
Paul Muolo
The transaction was mentioned during New Residential’s earnings call Monday morning and confirmed by a source...
Read More

Jumbo Originations Down Sharply in 1Q17, but Lenders Remain Optimistic

May 1, 2017
Brandon Ivey
While jumbo production fell on a sequential basis, many lenders saw a gain when compared to the same quarter a year earlier…
Read More

Proposed Changes from S&P to Non-Agency MBS Rating Criteria Would Favor Prime Mortgages

May 1, 2017
Brandon Ivey
S&P said the revisions are intended to better reflect the evolution of the U.S. residential mortgage market over the past several years…
Read More

At Secondary Conference, MBA Chief Calls GSE Recap & Release ‘Crazy’

May 1, 2017
Paul Muolo
Stevens credited the Federal Housing Finance Agency with making “significant progress” in fixing the flaws of Fannie and Freddie...
Read More

CFPB Warns of ATR Issue with Non-QMs

May 1, 2017
Brandon Ivey
The regulator cautioned that a large downpayment alone isn’t sufficient to prove a borrower’s ability to repay a non-QM that is based on the consumer’s assets.
Read More
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