Looks Like the MID Cap will be $750K as Conference Committee Wraps up Work on GOP Tax Reform December 13, 2017 Brandon Ivey The way things stand today, the tax bill could be on track for final approval as soon as next week.Read More
Legal Briefs in CFPB ‘Acting’ Director Dispute Keep Piling Up December 13, 2017 Thomas Ressler CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.Read More
Jumbo MSR Market Increases, Wells Fargo Continues Dominance December 13, 2017 Brandon Ivey Moody’s noted that mortgages acquired by Chase’s jumbo conduit have performed exceptionally well…Read More
Nonprime Lender Citadel Hopes to Hire 150 Over the Coming 12 Months December 13, 2017 Paul Muolo Citadel CEO Dan Perl: “We’re on a hiring spree.”Read More
Short Takes: GSE Dividend Payments: All Systems Go? / Cutting GSE Shareholders out of the Equation? / Wintrust Buying Mortgage Assets from VA Lender / UWM and MC Strike Deal / Chase Exec Bolts for Hamilton December 13, 2017 Paul Muolo In a new blog posting, Investors Unite asks the basic question: “Are Fannie’s and Freddie’s foes driving GSE reform?”Read More
Senate Vote on FHA Nominee Could Come Before Yearend December 12, 2017 George Brooks If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new condominium rules, dealing with reverse mortgage losses and more…Read More
JPM’s New Non-Agency MBS Chock Full of ‘Agency Eligible’ Loans December 12, 2017 Brandon Ivey The conforming mortgages in the deal were largely originated by correspondent lenders…Read More
REITs and Nonprime Lenders Look to Strike ‘Working Relationships’ December 12, 2017 Paul Muolo Mike Fierman, managing partner and co-CEO of the Angel Oak Companies: “I get calls every day” from investment funds.Read More
Nonprime Lending Competition Could Heat up in 2018 December 12, 2017 Paul Muolo It appears that Angel Oak, Caliber and Citadel Servicing Corp. might have more company in the nonprime arena come next year…Read More
Jumbo Delinquency Rate Increased in 3Q17, but in Line with Overall Market December 12, 2017 Brandon Ivey Late-payment rates rose due to a number of factors…Read More
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