Non-Agency Option Dings GSE Conforming-Jumbo Business in 2018, Volume Up in FHA/VA Sector September 20, 2018 Improved loan-sale execution in the non-agency market has taken a bite out of the conforming-jumbo business at Fannie Mae and Freddie Mac, a new Inside Mortgage Finance analysis reveals. [Includes three data charts.]Read More
Brian Brooks, a Possible Successor to Fannie CEO Mayopoulos, Departs September 20, 2018 Paul Muolo Brooks was vice chairman of OneWest Bank, a depository once owned by current Treasury Secretary Steven Mnuchin.Read More
Surprise: Non-Agency Option Dings GSE Conforming-Jumbo Business September 20, 2018 John Bancroft More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed securities…Read More
Tough Times, but Wells Fargo Expects to Gain Lending Market Share September 20, 2018 Brandon Ivey Wells SVP John Shrewsberry: “In first mortgage, I would say, we should outperform whatever the market is delivering…”Read More
Short Takes: Freddie Talking to Potential MSR Borrowers / Fannie’s New HLTV Refi Option / Plenty of GSE-Eligible Loans in New JPM MBS / LendingTree’s $10k Prize / A New Director at Fannie Mae September 19, 2018 Paul Muolo and Brandon Ivey On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.Read More
MorVest Taking Bids on Freddie Mac Bulk MSR Portfolio September 19, 2018 Paul Muolo Dealmakers, including Mark Garland of MountainView Financial Solutions, expect a flurry of activity this fall.Read More
Former Goldman Officials Launch Non-QM Wholesaler to Feed its Growing Aggregation Business September 19, 2018 Paul Muolo Steve Skolnik, an industry veteran with a long career in nonprime lending, was recently hired as CEO…Read More
CFPB Proposes Disclosure Sandbox September 19, 2018 Yemeng Yang The agency specifies that a two-year testing period would be the norm.Read More
Chimera Packs GSE-Eligible Loans on Investment Properties into New Non-Agency MBS; Caliber a Top Contributor September 19, 2018 Brandon Ivey Three nonbank lenders, all owned by PE firms, are key contributors to the deal…Read More
A Surge in Jumbo Correspondent Acquisitions September 19, 2018 John Bancroft Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…Read More