FHA Extends Interim Rules for Condo Project Approval September 6, 2017 George Brooks Spot-condo approvals would require property recertification every three years…Read More
Short Takes: Loan Closings Cancelled in Parts of FL as Hurricane Approaches / A Rarity: Podium Readies Jumbo MBS Backed by Reverses / Applications and Refis on the Rise / Freddie Exec Takes CIO Job with Subservicer Cenlar September 6, 2017 Paul Muolo, Brandon Ivey, and Sherry Muolo As another hurricane approaches the U.S. more loan closings are cancelled...Read More
Non-QM Performance Strong but There’s a Catch: Many Prepayments September 5, 2017 Brandon Ivey Investors in non-QM MBS have to worry about fast prepayment speeds, not credit problems...Read More
During Labor Day Speech, CFPB Director Corday Sounds a Little Like a Candidate September 5, 2017 Thomas Ressler Sounding like a candidate, the CFPB Director noted: “If we do not push back on the forces that press people down, we are allowing America’s promises to go unfulfilled.” Read More
Lone Star Preps Nonprime MBS that Could be the Largest Issued with Post-Crisis Originations September 5, 2017 Brandon Ivey The nonprime mortgages were sourced through Lone Star affiliate Caliber Home Loans and other lenders…Read More
The Yield on the 10-Year Treasury Hits a 10-Month Low. More Refis? September 5, 2017 Lower rates could translate into more refinancings, but could cause hedging problems for Fannie Mae and Freddie Mac…Read More
Jet Direct Takes Off Into Wholesale September 5, 2017 Sherry Muolo The company hired industry veteran Joseph Boiano to oversee the new division…Read More
Short Takes: Trump Tax Cuts Could Damage High-End Market / Almost 60 Groups Fight for Vote on Patenaude / The Signors / Hurricane Damage Update / A New Hire for Mortgage Network September 5, 2017 Paul Muolo and Thomas Ressler Groups signing the Patenaude letter include the Center for Responsible Lending, Community Mortgage Lenders of America, NAACP, NAR and many others…Read More
Freddie Mac: Originations of Purchase Mortgages Constrained by Cash Sales September 1, 2017 Brandon Ivey Before the financial crisis, about 10 percent of home sales were all-cash transactions…Read More
Agency-Backed CMO Production Slumped in 2Q17 September 1, 2017 John Bancroft Wells Fargo’s CMO business was down 36.7 percent from the first half of 2016…Read More
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