Prime Non-Agency MBS Issuance Tumbles a Bit in 2Q17; JPM Leads the Market July 11, 2017 Brandon Ivey Some 15.2 percent of the mortgages in Chase’s second-quarter MBS were eligible for sale to the government-sponsored enterprises.Read More
Flagstar Gets Rated, a Sign that it May Become More Involved in Jumbo MBS? July 11, 2017 Brandon Ivey Jumbos accounted for 5.6 percent of Flagstar’s residential originations during the period…Read More
Will Rep. Hensarling Deal on GSE Reform? July 11, 2017 Paul Muolo The big question: Will the Chairman of the House Financial Services Committee support an explicit government guarantee on conventional MBS?Read More
Latest Non-QM MBS from Angel Oak Sees Strongest Pricing Yet July 11, 2017 Brandon Ivey Since 2015 Angel Oak has issued four MBS totaling $639.92 million…Read More
Short Takes: It’s Alive Again (Well, Sort Of) / Sindeo’s Roots / The Mortgage Tech Race / Happy Anniversary Fannie and Freddie (Soon) / New Hires for mREIT Giant Annaly July 11, 2017 Paul Muolo There's a race on to see who will be the first to deliver a best-in-class lending automation product that the consumer trusts, said consultant Paul Hindman...Read More
HUD Mortgagee Review Board Suspends PA Lender Seckel Capital July 11, 2017 Paul Muolo As IMFnews went to press, Seckel was said to be in a meeting and could not be reached for comment.Read More
A Breakout Quarter for Nonprime MBS; $1.08 Billion of Deals in 2Q17 July 10, 2017 Brandon Ivey “Rated nonprime non-qualified-mortgage transactions should broaden the investor base,” Deutsche Bank said.Read More
Appeals Court: Mortgage Underwriters are Eligible for Overtime Pay. But a Split Appears July 10, 2017 Brandon Ivey Overtime pay for underwriters will remain a focus of litigation because courts are split on the issue, according to the Mortgage Bankers Association.Read More
Walter Gets Extension on Warehouse Waivers, but its Advance Rates are Reduced July 10, 2017 Paul Muolo Walter said it will continue to seek appropriate amendments and waivers...Read More
Short Takes: More Regulations to Think About / $5 Trillion in ‘Tappable’ Equity / Don’t Forget to Audit Your Closing Agents / PennyMac Renegotiates Repo Deal / A New Hire for Mortgage Network July 10, 2017 Paul Muolo Time to audit your closing agents?Read More