Invitation Homes Prepays Part of Loan from JPMorgan Chase October 11, 2018 Paul Muolo Next Thursday, the Senate Banking Committee will hold a hearing on GSE pilot programs…Read More
More REITs Eyeing the Non-QM Sector. A Large MBS Deal in the Works? October 11, 2018 Paul Muolo MFA CEO Craig Knutson said he’s pleased the REIT has “gained traction on these new acquisition efforts, which involve relationships cultivated over the past year or more.”Read More
Mortgage Insurance Firms Gained Market Share in 3Q18 October 11, 2018 John Bancroft On a year-to-date basis, the volume of private MI loans delivered into GSE MBS was up 9.8 percent from the first nine months of 2017…Read More
Roughly 26 Percent of Home Lenders are Using AI, Machine Learning October 11, 2018 Brandon Ivey Use of artificial intelligence seems to be concentrated at nonbanks…Read More
Short Takes: Michael Bright, the Next FHFA Director? / Waiting on Senate Confirmation (Still) / A Former GSE Exec and The Play Set Scandal / Sears and Fairholme / HSBC Settles with DOJ / A New Hire at CMG Financial October 10, 2018 Paul Muolo and Brandon Ivey HSBC will pay $765 million to settle charges brought by the Department of Justice...Read More
Non-QM Lenders Angel Oak and Citadel Post Record Production Quarters in 3Q18 October 10, 2018 Paul Muolo Angel Oak and Citadel continue to hire while the megabanks are cutting back...Read More
Flagstar Hires New American Exec as its National Production Manager October 10, 2018 Paul Muolo The SVP/national production manager slot is a new position at Flagstar…Read More
Wells Fargo is Back! Megabank Launches First Post-Crisis Non-Agency MBS October 10, 2018 Brandon Ivey New nonagency deals are pending from loanDepot and New Residential as well…Read More
GSEs on Track to Start Issuing Single Security in June, Additional Guidance Pending… October 10, 2018 Brandon Ivey Stephanie Miller of Fannie Mae said the GSEs are working with SIFMA on the transition to the single security. Read More
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... Read More
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