A Blood-curdling Stat: Refi Index Falls to (Almost) 20-Year Low November 14, 2018 Paul Muolo One New Jersey-based loan officer told IMFnews, “It’s very un-nerving right now.” He noted that on a recent workday he had account executives from three different companies come into his office. “One of them, I hadn’t seen in a year.”Read More
Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’ November 14, 2018 Brandon Ivey Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.Read More
A Brighter Future for Non-Agency May Translate Into Better Days for Trading Desks November 14, 2018 Paul Muolo Another trading firm that hopes to ride the non-QM wave is RAMS Mortgage Capital…Read More
Nonbank Profits a Mixed Affair in Third Quarter November 14, 2018 John Bancroft Ocwen Financial has not been a model of prosperity... Read More
Short Takes: Assessing the Value of GSE Common / The Prior Decade and GSE Share Prices / Worrying About Home Values in California / Another MBS Settlement for Wells Fargo / Vendor Hires Fannie Mae Official November 13, 2018 Paul Muolo Early last decade, Fannie common once traded as high as $85.03, Freddie $68.20.Read More
Industry Calls for CFPB Rulemaking to Clarify the Role of Guidance November 13, 2018 Yemeng Yang Lenders continue to worry about examiners critiquing them on issues not based in law…Read More
KBW Raises Earnings Estimates on Fannie and Freddie, Questions CRTs November 13, 2018 Paul Muolo As of Sept. 30, Fannie and Freddie had some form of risking sharing on 38 percent to 42 of their guaranteed portfolios, respectively.Read More
Altisource’s Equator Includes a Blockchain Option in its Servicing Platform November 13, 2018 Brandon Ivey Altisource said the tech offering provides the option for individual mortgages to be tracked as individual chains of data via blockchain...Read More
CFPB Exams Continue Apace Despite the 'Mulvaney Effect’ November 13, 2018 Paul Muolo MBA’s Pete Mills noted that IMBs of all sizes from small to large are examined each year…Read More
PrimeLending Recruits LOs, Cuts Poor Performers November 13, 2018 Brandon Ivey As of early November, PrimeLending had 1,336 LOs registered on the Nationwide Multistate Licensing System.Read More