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Mortgage Complaints Down 6 Percent from Last Year

November 30, 2016
Thomas Ressler
Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…
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Lone Star Readies Another MBS Backed by New Nonprime Mortgages

November 30, 2016
Brandon Ivey
The mortgages were originated by Lone Star affiliate Caliber Home Loans, but also LendSure Mortgage and Sterling Bank & Trust.
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Incoming Treasury Chief Mnuchin: Resolving Fannie and Freddie a Top Priority. Share Prices Soar!

November 30, 2016
Paul Muolo
As IMFnews went to press Wednesday, Mnuchin said in a Fox TV interview that resolving Fannie and Freddie will be a top priority.
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GSE Single-Family Business Slumped in October, Credit Box Unchanged

November 30, 2016
John Bancroft
Expanding the credit box will be a major theme in the GSEs’ priorities for 2017, according to the FHFA.
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Bank Holdings of Non-Mortgage ABS Continued to Fade, But the Market Itself Stalled in 3Q16

November 30, 2016
John Bancroft
The ABS market itself shrank slightly during the third quarter, according to data reported by the Securities Industry and Finance Markets Association...
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Short Takes: High Hopes for GSE ‘Recap and Release’ / Mnuchin Will be Confirmed / Another Mortgage Deal for Incenter LLC / Arch in Huge Debt Offering / What’s $20 Trillion Among Friends?

November 30, 2016
Paul Muolo
In case you haven’t noticed: the national debt is ready to crack the $20 trillion mark – almost twice the dollar volume of outstanding residential debt in the United States.
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Trump May Mean Less Federal Enforcement, but the States Will Remain Aggressive

November 29, 2016
Thomas Ressler
A reason to worry: several federal consumer financial protection laws give direct enforcement authority to the states…
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Mortgage Repurchases Rise Again, but there’s a Reason: BofA

November 29, 2016
John Bancroft
The banking industry still has a hefty $4.59 billion of reserves for future repurchase expenses…
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FirstKey, New Rez Out with Separate Nonprime MBS Deals Backed by Seasoned Loans

November 29, 2016
Brandon Ivey
In the FirstKey deal, the loans have seasoned for an average of 10 years…
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Nation’s Largest Wholesaler UWM Removes ‘Escrow Waiver’ Fee

November 29, 2016
Paul Muolo
Some see the move by UWM as a way to be more competitive in a declining origination market…
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