Latest Nonprime MBS from Lone Star (Caliber) Stocked with Purchase Mortgages, FRMs September 6, 2018 Brandon Ivey The weighted-average coupon is 6.50 percent.Read More
Fannie Mae Hires Ex-FGMC CEO Andy Peters as ‘Strategy Advisor’ September 6, 2018 Paul Muolo Peters departed First Guaranty Mortgage Corp. earlier this year...Read More
First-Time Buyers Continue Gaining Share in Red-Hot Purchase Market; PMIs Step Up… September 6, 2018 John Bancroft The nation’s PMIs have made a significant dent in the first-timer market, insuring a greater volume of mortgages guaranteed by Fannie and Freddie…Read More
Short Takes: That Was Then, This is Now (Fannie/Freddie) / Not Much Traction / Invitation Homes’ SFR Portfolio: 80,000 Rentals / Former FHFA Chief Nominated by Trump / A New Hire for Pavaso September 5, 2018 Paul Muolo Since 2012, Fannie and Freddie have been minting money...Read More
Blackstone Hires Former Clayton Chief to Head TORO Unit September 5, 2018 Paul Muolo Blackstone TORO likes to buy non-QM products...Read More
29 Trade Groups and Organizations Ask White House and Congress to ‘Cement’ GSE Progress September 5, 2018 Paul Muolo The letter – signed by trade groups both large and small – comes a day before the 10th anniversary of the federal takeover of Fannie and Freddie... Read More
Will CFPB Abandon or Limit the Use of Disparate Impact? September 5, 2018 Yemeng Yang Many industry groups said it is problematic to use statistics to determine discrimination...Read More
Mortgage Banking Income at Depositories Held Steady in 2Q18, Call Reports Show September 4, 2018 John Bancroft For many depositories, there’s a significant mismatch between their reported mortgage banking income and what’s on their call reports…Read More
Short Takes: Quicken’s Message to Loan Brokers / A Big Gain in Quicken’s Broker Market Share? / Lennar Picks New CEO for its Mortgage Sub / Fintechs Should be in CFPB’s Complaint Database September 4, 2018 Paul Muolo and Yemeng Yang The marketing message from Quicken goes on to say: “Brokers are taking notice as we’ve doubled our market share over the last year..."Read More
Trades Working on a ‘Don’t Do Anything Rash’ GSE Letter to Treasury September 4, 2018 Paul Muolo There’s a growing concern about a potential reduction in GSE loan limits…Read More
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