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
Short Takes: Watt and Treasury, is there a Deal? / GSE MBS Investors May Want More Yield / FGMC Cuts Staff / PIMCO, the Owner / Senate Banking Clears Montgomery for the FHA Job November 29, 2017 George Brooks and Paul Muolo Come Jan. 1, rates may spike thanks to zero GSE capital...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
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
Fannie/Freddie Loan Limit for 2018 Increases by 6.8 Percent to $453,100. High-Cost Limit Hits $679,650 November 28, 2017 Brandon Ivey In high-cost areas, the GSE loan limit will increase to $679,650...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
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
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
‘Expanded Credit’ Originations Increase Ever so Slightly in 3Q17 November 27, 2017 Brandon Ivey Non-QMs account for the bulk of expanded-credit originations, with a 78.0 percent share…Read More
Former FHA Commissioner/Ocwen Director Galante Suggests Raising the FHA Capital Ratio November 27, 2017 George Brooks Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.Read More
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