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Ditech Readies $300 Million ABS Backed by Servicing Advances

September 27, 2016
Brandon Ivey
A few days ago, Ditech’s parent company filed an 8-K with the SEC, disclosing delinquency information on its GSE servicing portfolio.
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Freddie Mac Rolls Out Front-End Risk-Sharing Pilot; But No Benefit for Lenders

September 27, 2016
Paul Muolo
One trade group source had this to say about the arrangement: “There’s no g-fee break? Then it doesn’t sound like front-end coverage that helps lenders.”
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Short Takes: Trump Has Some Choice Words for Janet Yellen / The CFPB Now Carries the Wells Fargo ‘Shield’ / FBR Likes MI Sector / Alt Credit Score Models? / A New CEO for New Castle

September 27, 2016
Paul Muolo and Thomas Ressler
Apparently, not everyone is a fan of low rates. Take Donald Trump, for instance...
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Interest-Only Originations Spiked 45 Percent in 2Q; PHH Mortgage a Standout

September 26, 2016
Brandon Ivey
Morgan Stanley was offering a 5/1 IO ARM with an interest rate of 3.850 percent for loan amounts below $1 million…
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UWM Provides Grant Funding for Brokers to Open Their Own Shops; Money Doesn’t Have to be Repaid

September 26, 2016
Paul Muolo
Requirement for the program include: three years of mortgage experience, a statement on production goals, anticipated operational structure and a description of the company.
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Streamline Refis Causing Problems for VA, Ginnie Mae Investors

September 26, 2016
George Brooks
VA wants to make sure that borrowers are not making a hasty decision to refinance, said VA Acting Director Jeffrey London.
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MBA Task Force Proposes Standardized Loan Mod Program to Replace HAMP

September 26, 2016
Brandon Ivey
The task force consists of 20 MBA member companies, led by Alex McGillis of Quicken Loans and Erik Schmitt of JPMorgan Chase.
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Fannie Mae Rolls Out DU 10.0 Featuring ‘Trended Credit Data’

September 26, 2016
Carisa Chappell
Fannie said DU 10.0 also will help borrowers who have multiple financed properties, eliminating certain eligibility overlays…
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Short Takes: Trump & Hillary Mortgage Corp. / CHLA Weighs In on Front-End Risk-Sharing: No / Will ALTA Break the CFPB’s Website? / Now, Print Your Name and Personal Story Right Here

September 26, 2016
Paul Muolo and Thomas Ressler
When it comes to front-end GSE risk sharing deals, just say no?
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Foreign Investors, Others Beef Up Their Investment in Agency MBS

September 23, 2016
John Bancroft
According to Treasury Department reports, overseas investors held $821.3 billion of Fannie, Freddie and Ginnie MBS at the end of June, a 5.0 percent increase from March.
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