Banks and Residential MBS – the Love Affair Continued in 3Q17 November 29, 2017 John Bancroft Some $25.94 billion of the industry-wide increase was booked by the three largest bank MBS investors…Read More
With Kittle Backing Away from Top Ginnie Job, Michael Bright May be Trump’s Pick November 29, 2017 Paul Muolo “Basically, David [Kittle] came to the conclusion that it just wasn’t worth the wait,” said one industry lobbyist...Read More
Latest Nonprime MBS from Angel Oak Met with Strong Demand from Investors November 29, 2017 Brandon Ivey The Angel Oak family of companies could originate more than $1.0 billion of non-QMs this year…Read More
With Mulvaney Confirmed as CFPB Acting Director, What Happens to English? November 29, 2017 Thomas Ressler There are reports that Leandra English’s effort to unseat Mulvaney has been financed by an anonymous group of donors...Read More
Mortgage M&A Activity Increases, but Major Deals are Elusive November 28, 2017 Paul Muolo Last year, Mortgage Banking Solutions brokered five deals. This year, the firm hopes to complete four and maybe five…Read More
Jumbo Originations Increased in 3Q17 but Sector Lost Some Market Share November 28, 2017 Brandon Ivey While banks continue to compete for jumbo loans, some have actually tightened underwriting standards…Read More
Judge Makes it Official: Mulvaney is the Acting Director of the CFPB; Will English Appeal? November 28, 2017 Paul Muolo Some legal observers believe if Trump had acted first and not hesitated in picking Mulvaney, English would never have been named by Cordray and this whole mini-crisis avoided.Read More
Short Takes: Day 2, Mulvaney is Still in Charge / Waiting on Judge Kelly to Decide / Look for an Appeal / Raj Date Resurfaces, Sort of / Soros Fund Joins MBA November 28, 2017 Paul Muolo and Thomas Ressler Depending on the judge’s decision, the losing party will appeal…Read More
Starwood Readies MBS Backed by Non-QMs November 28, 2017 Brandon Ivey Starwood president Jeffrey DiModica said the REIT will hold more than $500 million of non-agency mortgages by yearend...Read More
MBA Sounds Warning on GOP Tax Plan, Says MSR Values Will Get Hammered. ‘Financial Soundness’ Impacted As Well November 28, 2017 Paul Muolo Deal makers that buy and sell MSR assets said the Senate tax language could transform the mortgage business, creating leverage for aggregators...Read More
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