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FHFA Trying to Find a Capital Balance That Can Handle Market Cycles

November 20, 2018
John Bancroft
In its comment letter to the FHFA, Fannie Mae suggests the rule should use original credit scores and LTV ratios, rather than mark-to-market values…
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Facing a Cloudy Future, Impac Bets the House on Non-QM Lending

November 20, 2018
Paul Muolo
Impac CEO George Mangiaracina: “I don’t believe we’ve seen capitulation yet with respect to other originators.”
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Short Takes: Angel Oak is Hiring / Carrington Launches Correspondent Division / Applications Decline / 2 Non-QM MBS with Loans from Impac / MIAC Offers Whole Loans for Auction / A Short Publishing Break

November 20, 2018
Paul Muolo and Brandon Ivey
Carrington Mortgage this week announced the launch of its correspondent lending division.
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Largest Holders of MSRs Leave the Asset Values Unchanged

November 20, 2018
Paul Muolo
The largest gain among the 14 companies was 3.6 percent, the largest decline -5.6 percent.
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Cash-Out Refi Investment-Property Mortgages Collateral for New MBS

November 20, 2018
Brandon Ivey
Visio originates through the retail channel but also uses loan brokers…
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Short Takes: A New 52-Week Low for Ocwen / John Britti’s Stock Awards / The Dow Swoons, Rates Fall / Freddie’s ACIS Deal / Ed Pinto Weighs in on GSE Capital / Merry Christmas, Buy a House (The Day After) / UWM Still #1 in Wholesale

November 20, 2018
Paul Muolo
Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...
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Correspondent Platforms Gained Market Share in 3Q18

November 20, 2018
John Bancroft
Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2 percent share of the market…
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Meetings Scheduled for January as Nonbanks Ponder Impact of Ginnie ‘Liquidity Letter’

November 19, 2018
Paul Muolo
Nonbanks need to come up with a contingency plan if warehouse lines of credit and other forms of financing are not renewed or are reduced.
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As Conventional Lending Slumps, Expanded-Credit Originations Fill the Void

November 19, 2018
Brandon Ivey
The top five EC lenders in 3Q18 were Redwood Trust, U.S. Bank, Angel Oak, Citibank and Citadel Servicing…
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FHA Seeks to Strengthen MRB Authority

November 19, 2018
George Brooks
While the goal of a stronger MRB is not new, it has taken on a new urgency in discussions between HUD and DOJ...
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Latest Imf News

  • Purchase Mortgages Drive Up Ginnie Issuance in Second Quarter

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  • 400 Capital Management Sees Promise in Bank CRT Offerings

  • Redwood Starts Slow With eNotes

More Imf News

Featured Data

  • Nonbank Tops Home Equity Lenders for First Time

  • Guild, Movement Gain HECM Market Share

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  • Non-Agency MBS and GSEs Gain in First Quarter

More Featured Data

Featured Reports

  • Guide to Mortgage Lending to First-Time Homebuyers

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  • Mortgage Profitability Report 1Q26 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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