Neuberger Berman Sources Majority of Loans for Non-QM MBS from Sprout Mortgage December 11, 2018 Brandon Ivey Based in Henderson, NV, Sprout is a correspondent lender.Read More
One GSE Shareholder Speaks Up: Calabria Will be Constrained in His Mission to Dissolve Fannie and Freddie December 11, 2018 Paul Muolo James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.” Read More
CFPB Imposes Zero Civil Money Penalty for Violations, Again December 11, 2018 Yemeng Yang The CFPB alleged that State Farm violated the Fair Credit Reporting Act.Read More
Short Takes: The Six Horsemen of the GSE Apocalypse / If You Have to Ask, You’re in Trouble / G-Fees Hold Steady / Plaza Home’s New Tag Line / NAMB Giving Away Software for Free December 11, 2018 Paul Muolo NAMB is giving away free software...Read More
Caught in the Market’s Down-Draft: Texas Capital, the Nation’s Second Largest Warehouse Provider December 10, 2018 Paul Muolo The warehouse lending sector has experienced a noticeable decline in profit margins…Read More
New MBA President Broeksmit Toes the Party Line on GSE Reform December 10, 2018 Paul Muolo The MBA chief also makes it blatantly clear that he is no fan of any “recap and release” proposals for the government-sponsored enterprises either...Read More
Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell) December 10, 2018 Paul Muolo Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...Read More
Indiana Bank Pays off Debt to Home Point and Agrees to Buy its Warehouse Unit, NattyMac December 7, 2018 Paul Muolo Founded by industry vet Willie Newman, Home Point is owned by investment funds managed by Stone Point Capital...Read More
Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent December 7, 2018 John Bancroft Agency production last month was buoyed by an increase in securitization of refinance loans…Read More
How to Shrink the GSE Footprint Without Having to Ask Congress To Do Anything December 7, 2018 John Bancroft Want to shrink Fannie and Freddie? Cut investor loans, then move on to cash-out refis…Read More
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