Non-QM Lenders See a 10 Percent Market Share as a Reasonable Goal September 27, 2018 Brandon Ivey Expanded-credit mortgages accounted for less than 3 percent of total first-lien originations in the first half of this year. Read More
A Milestone: Nonbanks Pass Banks in MSR for the First Time September 27, 2018 John Bancroft The bank retreat from agency MBS servicing is mostly taking place at the top…Read More
Short Takes: Speculation on What Mel Watt Might Say / Ocwen Schedules a ‘Special’ Meeting of Shareholders / NOLs of Roughly $400 Million / In the Event of a Change of Control? / FoA Rolls Out Second-Lien Reverse September 26, 2018 Paul Muolo Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change. Read More
First Up to Testify Thursday at the HFSC FHFA Oversight Hearing: Simone Grimes, Mel Watt’s Accuser September 26, 2018 Carisa Chappell Simone Grimes, who holds the title of special advisor, is still employed by the agency.Read More
CFPB Seeks Input on Data Collection Practices September 26, 2018 Yemeng Yang The new request for information, issued Tuesday, solicits comments on all aspects of data collection...Read More
Bridgeview Bank Agrees to Sell Mortgage Unit to Nonbank September 26, 2018 Paul Muolo A spokeswoman for bemortgage said the lender’s staff will be kept in place…Read More
Issuance of Non-Agency MBS Constrained by a Lack of Reforms to Reps and Warranties September 26, 2018 Brandon Ivey Blackrock and PIMCO were among the firms cited as avoiding new non-agency MBS deals…Read More
Banks, Thrifts and First Liens, the Love Affair Continues September 26, 2018 Brandon Ivey Three megabanks account for an outsized share of first liens held by banks: Wells Fargo, JPMorgan Chase and Bank of America.Read More
Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage September 25, 2018 Paul Muolo and Brandon Ivey Will FHA hike its premiums? Maybe, maybe not...Read More
MBS Trading Sets a New Low for the Year September 25, 2018 Paul Muolo The trading peak for the year came in February at $239.2 billion.Read More
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