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DBRS: Losses on Non-QM MBS are Rare, Investors Feel Protected

October 9, 2018
Brandon Ivey
Despite the good news, DBRS said if the economic environment becomes more distressed, some non-QM borrowers may come under pressure…
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Fannie Names Former Berkshire Hathaway Executive Hugh Frater Interim CEO

October 9, 2018
Paul Muolo
The new interim CEO was an EVP at PNC Financial where he led the real estate division and was a founding partner and managing director of BlackRock...
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The M&A Roundup: Lots of Chatter, Not a Lot Getting Done (Yet)

October 9, 2018
Paul Muolo
Meanwhile, the largest potential deals looming over the market continue to be Ditech Financial and loanDepot…
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Senate Still has Time to Enact VA ‘Orphan’ Loan Bill

October 9, 2018
George Brooks
The House bill is currently at the Senate desk, awaiting nods from Senate Banking Committee Chairman Mike Crapo, and Ranking Minority Member Sherrod Brown…
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Mortgage Analysts Look Into Their Crystal Balls and Don’t Like What They See

October 9, 2018
Paul Muolo
Analyst Henry Coffey: “It is worth noting, given expected home price appreciation, that a flat mortgage market should translate into a 4 percent or greater decline in actual mortgage unit count.”
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Short Takes: Castle & Cooke? / The Fannie Mae Connection / Frater, a Good Choice to Head Fannie / LendingHome Surpasses the $3B Mark in FnF Production / NDA Hires Clayton Executive

October 9, 2018
Paul Muolo
Fix-and-flip lender LendingHome, San Francisco, has surpassed the $3 billion market in originations...
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One-Month Bank Statement Mortgages Questioned

October 8, 2018
Brandon Ivey
A handful of lenders offer one-month bank statement programs…
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Mortgage Brokerage Firms Slash Jobs. More Carnage to Come?

October 8, 2018
Paul Muolo
With originations expected to fall, lenders of all different stripes are carefully examining their staffing needs…
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Senate Banking Committee Hearing Likely to Touch on Freddie Mac MSR-Financing Pilot

October 8, 2018
Paul Muolo
In his report, KBW analyst Bose George said, “While Mel Watt, director of the FHFA, was questioned about some of these issues in past congressional hearings, this will be the first hearing to focus exclusively on this topic.”
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Ginnie MBS Production Down 11 Percent Through Sept. 30

October 8, 2018
John Bancroft
Issuers pooled $19.63 billion of FHA and VA refi loans during the third quarter, down 11.6 percent from the previous period…
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