Home-Equity Lending Up in 2016, but HEL Debt Sinks to 13-Year Low March 23, 2017 John Bancroft At the end of 2016, the supply of outstanding home-equity loans fell to $595.4 billion from $607.9 billion the year prior…Read More
VA Considering Stronger Measures to Stop Early Solicitation of Purchase Loans for Refis March 23, 2017 George Brooks There have been scattered reports that some lenders and brokers are still chasing quick-turn refis aided by secondary market investors offering to buy and securitize those loans.Read More
Nationstar Mortgage EVP and CFO Robert Stiles Departs March 23, 2017 Paul Muolo In early March, Stiles filed notice to sell 11,931 shares of Nationstar common at a price of $18.40 a share or $219,530.Read More
A Change in the GSE PSPAs Coming Soon? Don’t Bet on It… March 23, 2017 Paul Muolo Waiting for a change in the GSE PSPAs is like waiting for Godot...Read More
PHH Counsel Theodore Olson Lays Out Steps to Make the CFPB ‘Constitutional’ March 22, 2017 Thomas Ressler For the CFPB to pass the constitutionality test, its director needs to be removable by the president of the United States...Read More
HECM Production Stumbles a Bit in 2016 March 22, 2017 George Brooks Among the top 10 originators in 2016, Reverse Mortgage Solutions posted the largest annual decline at 64.5 percent. RMS is owned by Walter Investment…Read More
Finance of America Commercial Makes Big Push Into Broker Market with ‘Fix & Flip’ Lending March 22, 2017 Paul Muolo CEO Mark Filler said FoAC is now offering fix-and-flip loans as cheaply as 6.99 percent…Read More
Wall Streeter Phillips to Play ‘Critical’ Role at Treasury on GSE Reform; GSE ‘Principles’ Coming Soon from Trump? March 22, 2017 Paul Muolo Calabria joined the Trump administration from the conservative Cato Institute and is no fan of the GSEs...Read More
Short Takes: Reading the Mortgage Tea Leaves for 1Q17 / When in Doubt, Go Non-QM / Impac by the Numbers / Applications Fall, Existing Homes Sales Drop as Well March 22, 2017 Brandon Ivey and Paul Muolo Don’t look now but the yield on the benchmark 10-year Treasury is now down to 2.40 percent. And just in time for the spring home buying season…Read More
Still Rising: Retail Channel Accounts for 81.6 Percent of Jumbo Originations March 21, 2017 Brandon Ivey Roughly $72.09 billion of jumbo mortgages were originated in the fourth quarter, down 3.4 percent on a sequential basis.Read More