Coming Soon: All National Guard Members Eligible for VA Loans December 17, 2020 Maria Volkova New legislation would extend zero-downpayment loans to more than 400,000 Guard members.Read More
Coming to the MSR Market Soon: Credit Unions as Buyers? December 16, 2020 Brandon Ivey A proposed rule regarding credit unions and MSRs is scheduled to be discussed late this week at an NCUA board meeting.Read More
An Unexpected Rise in Home-Equity Lending During 3Q20 December 16, 2020 John Bancroft Call-report data analyzed by Inside Mortgage Finance show that banks, thrifts and credit unions housed $371.4 billion of HELOCs on their balance sheets, down 3.1% from the second quarter.Read More
Small-Dollar Mortgage Project in Louisville Generating Mixed Results December 16, 2020 Brandon Ivey The Micro Mortgage allows DTI ratios up to 50% and LTV ratios as high as 105%. Still, the interest rate on the loan has prompted limited demand... Read More
Fannie: Mortgage Bankers Expect Reduced Profit Margins December 16, 2020 Paul Muolo Roughly 33% said profits will remain the same while 48% expect earnings to decrease... Read More
Rising in 3Q: Bank Holdings of First Liens December 15, 2020 Brandon Ivey PlainsCapital plans to retain $30 million to $50 million of mortgages per month...Read More
Ginnie Early Buyout Game Attracting More Than Issuer/Servicers December 15, 2020 Paul Muolo David Rosenblum, a partner in the firm, said Prophet has “an appetite for billions more.”Read More
A Warehouse Securitization from LoanDepot December 15, 2020 Paul Muolo The nonbank is also working on an IPO... Read More
Ginnie Single-Family MBS Issuance Slows in November December 15, 2020 John Bancroft November issuance was down 0.2% from October mostly because of weakening purchase-mortgage securitization, which fell 5.0% on a monthly basis. Read More
IO Lending a Bright Spot for Non-Agency in 3Q20 December 14, 2020 Brandon Ivey Nine months through the year, IO production is up 60.0% compared to the same span in 2019...Read More
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