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Home » Topics » Inside Mortgage Finance » Originations

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Good News for Jumbo MBS Issuers: Investor Demand Doubles (Roughly)

March 7, 2017
Brandon Ivey
JPMorgan said 50 investors bought into the bank’s latest jumbo MBS. Typically, 20 to 30 buyers line up…
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In the Trump Administration, DOJ Doesn’t Have the CFPB’s Back in the PHH Case; Uncle Sam Leans Toward PHH

March 7, 2017
Thomas Ressler
Attorney Barbara Mishkin notes: “…the amicus brief to be filed by the U.S. can be expected to support PHH’s position that the CFPB’s single-director-removable-only-for-cause structure is unconstitutional.”
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Rating Services Getting (Slightly) More Comfortable with TRID Compliance Issues on Jumbo MBS

March 7, 2017
Brandon Ivey
Four mortgages from First Republic Bank were subject to limited reviews that didn’t include checks for compliance with TRID.
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How Much Longer Can Hedge Funds Hold on to their GSE Stock Wagers?

March 7, 2017
Paul Muolo
Fairholme extolled the GSE’s massive fourth quarter profits of almost $10 billion, and called them “indispensable” to the mortgage insurance industry…
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Short Takes: It Appears Carson Likes the MI Industry / New HUD Chief Carson Asks Employees to Take ‘The Niceness’ Pledge / You Can’t Overload the Human Brain? / Prestwick Selling GSE Servicing Rights / Freddie’s New Whole Loan Deal

March 7, 2017
Brandon Ivey and Paul Muolo
"You can't overload the human brain," said newly minted HUD secretary Ben Carson. And there was more...
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Ginnie Mae Issuance Takes a Tumble in February

March 6, 2017
George Brooks
Just three depositories ranked among the top 15 issuers for February…
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Plenty of ‘Home Equity’ Now, but Less of a Desire to Tap the ‘House ATM’

March 6, 2017
Brandon Ivey
Researchers at the Federal Reserve Bank of New York said there’s still plenty of demand for home equity loans and cash-out refis but…
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Redwood Trust Prepares its Third Jumbo MBS of the Year. Execution Stronger than Whole Loan Sales

March 6, 2017
Brandon Ivey
Redwood officials note that in recent months pricing for jumbo MBS has been stronger than the bid for whole loan sales…
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The Trump ‘Wire Tap’ Accusation and What it Means for the GSEs

March 6, 2017
Paul Muolo
Cowen notes: “…this latest flare up reinforces our view that Treasury is unlikely in 2017 to unilaterally change the profit sweep at Fannie and Freddie…”
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Short Takes: Banc of California’s Mortgage Chief Receives Kudos / Money that will have to be Replaced / Security National the Latest to Settle with HUD / CoreLogic Notes the Passing of its CEO / A New Hire for Inland Home

March 6, 2017
Paul Muolo
Banc of California’s mortgage division generated $150 million a year in revenue…
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