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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.]
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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.
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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…
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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…”
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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.
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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.
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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…
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CFPB Proposes Disclosure Sandbox

September 19, 2018
Yemeng Yang
The agency specifies that a two-year testing period would be the norm.
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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…
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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…
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