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Top Prime MBS Contributors are Mostly Banks

February 8, 2017
Brandon Ivey
Quicken Loans ranked third in terms of contributions to prime non-agency MBS…
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The CFPB Focuses on a Traditional Interpretation of RESPA Violations

February 8, 2017
Thomas Ressler
The CFPB said Prospect Mortgage entered into agreements to buy leads from more than 200 different counterparties, most of which were real estate brokers.
Read More

Mortgage Hiring Increased in December, but Several Lenders are Taking a ‘Wait and See’ Approach

February 8, 2017
Paul Muolo
CMG Mortgage founder and CEO Chris George said that when it comes to hiring he's mostly in a "holding pattern" right now, with exceptions...
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GAO Slams HUD for Weaknesses in Cost Estimates Related to FHA Modernization

February 8, 2017
Brandon Ivey
HUD officials said the agency has been focused on establishing an infrastructure to improve its cost estimating practices.
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Growing Concern that Trump’s Tax Cut Could Hammer Fannie and Freddie

February 8, 2017
Brandon Ivey and Paul Muolo
The DTAs are available to the GSEs as future deductions against taxable income. A reduction in the corporate tax rate would reduce existing DTAs for not just Fannie and Freddie but for other U.S. businesses as well.
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Short Takes: Fix & Flip Lender Targets Multifamily Sector / Branching Out Into Florida / No Word on Carson and His Deputy / New Rez Tests ABS Market / Fed General Counsel Alvarez Announces Retirement

February 8, 2017
Brandon Ivey and Paul Muolo
The full Senate could vote on the Ben Carson nomination next week...
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Blackstone in Takeover Talks with ‘Fix & Flip’ Lender Jordan Capital

February 7, 2017
Paul Muolo
Over the past two years, the Wall Street giant has purchased a handful of nonbank lenders, including Gateway Funding...
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Fed Survey: Demand for Subprime Mortgage Credit Fell in 4Q16

February 7, 2017
Thomas Ressler
The Fed LO survey does not include sentiments expressed by loan officers and account executives who work at nonbanks…
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Fitch Gives ‘Average’ Ratings to Nonprime Lenders Angel Oak, Citadel and Deephaven

February 7, 2017
Brandon Ivey
The assessment matches the rating service’s “grade” on Caliber Home Loans, which issued the first AAA-rated nonprime MBS backed by new originations.
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FHA Production Up 7.3 Percent in 2016; Banks Account for Just Two of the Top 15 FHA Lenders

February 7, 2017
George Brooks
Banks continue to pull away from directly funding FHA loans in the retail channel, citing the potential legal liability…
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