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Originations
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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.
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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…
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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?
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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…
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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...
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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.
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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.
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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.
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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...
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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?
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