New York Judge Rules CFPB’s Structure Unconstitutional June 22, 2018 Yemeng Yang The new ruling raises the likelihood that the Supreme Court might take up the issue in the future.Read More
Jumbo Demand Steady After Tax Reform June 22, 2018 Brandon Ivey “We didn’t observe any meaningful change in purchase loan application trends compared to earlier years,” said Archana Pradhan of CoreLogic.Read More
What We’re Hearing: Mick Mulvaney, Conservative? / A GSE Starting Point? / Mortgage and Big Tech. Can it Work? / Amazon v. Quicken – is Dan Gilbert Ready? / Movement Mortgage? / LenderLive Hires an Advisor / New Hires for Ditech June 22, 2018 Paul Muolo One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”Read More
Conservatives Rallying Against the CFPB Nominee? June 21, 2018 Yemeng Yang Law professor J.W. Verret on Kathy Kraninger: “She doesn’t have experience with financial markets…”Read More
JPM to Issue one of the Largest Post-Crisis Prime Non-Agency MBS Deals June 21, 2018 Brandon Ivey KBRA assigned preliminary AAA ratings to the MBS with credit enhancement of 6.00 percent on the senior tranche.Read More
loanDepot Employees Discuss the Amazon Rumor. But is it True? CEO Calls it a ‘Good One’ June 21, 2018 Paul Muolo If the deal comes off, loanDepot employees will receive free Amazon Prime accounts…Read More
Short Takes: Sounds Logical, Right? / Warning: More Mortgage M&A Ahead / Fannie Warns about Cost-Cutting / Ginnie Wants to Know… / loanDepot Gets a Chief Innovation Officer / FannieMae.com June 21, 2018 Paul Muolo When it comes to counter-party risk, Ginnie Mae isn't messing around... Read More
Surprise: White House Publishes Ideas for Ending the GSE Conservatorships June 21, 2018 Paul Muolo The Trump blueprint would remove the federal charter from statute and fully privatize the government-sponsored enterprises.Read More
Angel Oak Set to Issue its Largest Nonprime MBS to Date June 20, 2018 Brandon Ivey The non-QM MBS also includes loans originated by unaffiliated lenders, including Sterling Bank & Trust…Read More
Tight Profit Margins and Lower Originations Fuel Speculation on Company Closures June 20, 2018 Paul Muolo “I think we’re going to see a bunch more failures,” said Dan Perl, CEO and founder of non-QM lender Citadel Servicing…Read More