Starwood Readies MBS Backed by Non-QMs November 28, 2017 Brandon Ivey Starwood president Jeffrey DiModica said the REIT will hold more than $500 million of non-agency mortgages by yearend...Read More
MBA Sounds Warning on GOP Tax Plan, Says MSR Values Will Get Hammered. ‘Financial Soundness’ Impacted As Well November 28, 2017 Paul Muolo Deal makers that buy and sell MSR assets said the Senate tax language could transform the mortgage business, creating leverage for aggregators...Read More
Fannie/Freddie Loan Limit for 2018 Increases by 6.8 Percent to $453,100. High-Cost Limit Hits $679,650 November 28, 2017 Brandon Ivey In high-cost areas, the GSE loan limit will increase to $679,650...Read More
Former FHA Commissioner/Ocwen Director Galante Suggests Raising the FHA Capital Ratio November 27, 2017 George Brooks Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.Read More
‘Expanded Credit’ Originations Increase Ever so Slightly in 3Q17 November 27, 2017 Brandon Ivey Non-QMs account for the bulk of expanded-credit originations, with a 78.0 percent share…Read More
Wells Fargo has its Executives on a Short Leash November 27, 2017 Paul Muolo When Codel was let go he forfeited restricted stock options…Read More
Impac President William Ashmore Has Left the Building November 27, 2017 Paul Muolo The lender/servicer is expected to name a successor to Ashmore shortly…Read More
New CFPB Acting Director Mulvaney Tells Staff He’s in Charge November 27, 2017 Paul Muolo and Thomas Ressler OMB Director Mick Mulvaney arrived on G Street Monday morning, carrying a brown shopping bag and declaring he was the acting director of the CFPB…Read More
New (Acting) CFPB Director Mulvaney: We Will Run This Agency Differently Than the Previous Administration November 27, 2017 Paul Muolo and Thomas Ressler Meet the CFPB's new boss – he's nothing like the old boss...Read More
Short Takes: Don’t Ask Us, Try OMB / English has OMB Roots / Radian Sells Clayton Unit / Subprime Standards Tighten / Guild Expands into North Dakota November 27, 2017 Paul Muolo, Thomas Ressler, and Brandon Ivey Guild Mortgage, San Diego, has expanded its presence in the Midwest...Read More
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