Wells Looking to Amp Up Interest-Only Mortgages for Jumbo Borrowers July 26, 2017 Brandon Ivey Wells looks to up its originations by boosting IO jumbos.Read More
Whole Loan Execution Too Good to Pass Up for Citadel July 26, 2017 Paul Muolo Citadel is definitely feeling good about whole loan execution these days.Read More
Redwood Taps First Republic, Quicken for Jumbos July 26, 2017 Brandon Ivey Only two lenders have consistently provided more than 5.0 percent of the dollar volume in jumbo MBS Redwood has issued this year: First Republic Bank and Quicken Loans.Read More
MRB Suspends Lender’s Authority to Originate, Service FHA Loans July 26, 2017 George Brooks HUD's MRB suspends Seckle Capital.Read More
Early Look at 2Q Lending Reveals Mixed Bag at Big Banks and Bullish Nonbanks July 25, 2017 Paul Muolo The nation’s megabanks reveals a mixed bag when it comes to residential originations.Read More
Fixed-Rate Loans Dominate Non-Agency MBS July 21, 2017 Brandon Ivey By comparison, ARMs accounted for less than 1.0 percent of total prime non-agency MBS issued in the first quarter. Read More
Short Takes: About that FHA Premium Cut Idea… / Private Money, Not Government Money / 175 Basis Points / MPF Program Turns 20 / Fortress Buys Lender to RE Investors July 21, 2017 Brandon Ivey and Paul Muolo The USMI said in statement that cutting FHA premiums right now is “neither necessary nor prudent at this time...."Read More
In Senate Hearing, Community Lenders Fight for Secondary Market Access, the ‘Cash Window’ July 21, 2017 Carisa Chappell At a GSE reform hearing, Sen. Mike Crapo, R-ID, chairman of the Senate Banking Committee, called small lenders “fixtures in their communities...” Read More
Solid Gains for Non-Mortgage ABS in 2Q17 – Thanks, in Part, to Pizza July 21, 2017 John Bancroft A lot of the ABS oomph came from the $2.08 billion whole-business securitization by Domino’s Pizza...Read More
What We’re Hearing: A Good Quarter for Angel Oak, MBS Plans for Citadel / Sprout Sprouting? / Freddie About to Make Splash in SFR Market? / Trump, the Russians (Soviets) and a Housing Solution? / Not-Happy Birthday: Dodd-Frank Turns Seven July 21, 2017 Paul Muolo A housing crisis in America? Maybe the Russians can help...Read More