Short Takes: More Trouble for SoFi & Fintech? / So, Maybe CFPB’s Cordray Won’t Run / Goldman Agrees to Buy Fix-and-Flip Lender / Housing Assistance Council Hires former HUD, USDA Official to Lead the Organization October 17, 2017 Paul Muolo With fall-out spreading from the turmoil at Social Finance, investors might be thinking twice about so-called “fintech” firms... Read More
Redwood Aims for Jumbos Outside of Banks’ Focus October 17, 2017 Brandon Ivey Redwood’s Choice loan program allows for debt-to-income ratios of up to 49.9 percent while the limit for Select is 43.0 percent…Read More
Institutional Investors Reduce Positions in PHH. Meaning? October 17, 2017 Paul Muolo The disclosures aren’t entirely surprising given that PHH recently wrapped up a generous buyback offer…Read More
Surprise: Prime Non-Agency MBS Issuance Spiked in the Third Quarter October 16, 2017 Brandon Ivey The nonprime MBS category includes some deals better categorized as Alt A…Read More
Stearns Lending Reveals it Has a Mortgage Joint Venture with SoFi October 16, 2017 Paul Muolo Stearns, however, doesn’t service any mortgages for SoFi…Read More
CFPB Enforcement Chief Anthony Alexis to Depart October 16, 2017 Thomas Ressler Before joining the bureau in 2012, Alexis was a complex litigation and white collar partner at the Mayer Brown law firm in Washington, DC…Read More
MIAC Sets Auction for Fannie Mae MSR Portfolio October 16, 2017 Paul Muolo The seller of the MSR package focuses on the California market...Read More
Citadel Receives Ratings from Morningstar; Look for a Nonprime MBS in January October 16, 2017 Brandon Ivey Morningstar said the company’s underwriting process, quality control and compliance functions were factors in the rankings… Read More
Short Takes: Large Nonbank Ready to Enter Second-Lien Market / Mortgage Layoffs in California? / The 30th Anniversary of ‘Black Monday.’ Beware? / UWM Rolls out ‘Client Loyalty’ Tool for Brokers / Annaly CEO will Become Chairman, Eventually October 16, 2017 Paul Muolo A large nonbank is about to enter the second-lien market...Read More
Non-Agency MBS Issuance Weakened in 3Q17 Despite Upswing in Prime Jumbo Deals October 13, 2017 John Bancroft The bright spot was the prime jumbo MBS market where some $2.97 billion of new bonds were issued during the third quarter…Read More
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