California CU Offering No Downpayment Option, Using a 80/20 ‘Piggyback’ Loan December 29, 2015 Brandon Ivey Borrowers are required to have a credit score of at least 700 and at least three months of reserves...Read More
Short Takes: Home Prices Back to Pre-Bust Levels / Hot Growth for Denver, SF, Portland / A 10-Year HELOC / FHLB Cuts Warehouse Line / WJB Picks a New CIO December 29, 2015 Paul Muolo, Brandon Ivey, and Carisa Chappell It’s not every day that a Federal Home Loan Bank tells one of its members to reduce its credit facilities...Read More
California Remains the GSE Loan King December 29, 2015 Paul Muolo California also has the distinction of having one of the higher broker-GSE ratios in the nation: 21.5 percent. Read More
Behind the GSE Risk-Share Goals: Why Next Year’s Activity Could Turn out to be Less December 29, 2015 John Bancroft In 2015, the two GSEs sold credit risk on about $407 billion of UPB through their back-end risk-transfer programs. The actual amount of credit risk transferred was $12.6 billion.Read More
United Wholesale Mortgage Bucks the TRID Trend: No Delays in Loan Closings December 28, 2015 Paul Muolo Mat Ishbia of UWM said the money his company spent getting ready for TRID is an expense "for the long haul..."Read More
More Front-End Changes to Deal With: GSE Loan Application Will Undergo a Major Redesign December 28, 2015 Carisa Chappell New data fields will be added to support Fannie’s and Freddie’s requirements, as well as those required by the FHA, VA, USDA and CFPB...Read More
Clayton Homes Pushes Back Against Accusations of Discriminatory Lending on Manufactured Homes December 28, 2015 Brandon Ivey Clayton said the outlets’ analysis didn’t include factors such as a borrower’s credit score, downpayment, loan size, collateral and land type...Read More
Short Takes: More TRID Snafus: Who Makes the Disclosure? / Electronical Acceptances Key / The Marijuana Trade and Home Prices / Microscopic Changes in Rates / HFH Hires New CIO December 28, 2015 Paul Muolo and Sherry Muolo Is the booming marijuana trade in Colorado causing home prices to rise in the Rocky Mountain (High) state? Not necessarily... Read More
Will Ginnie Mae Pass Freddie Mac in MBS Outstanding? December 23, 2015 John Bancroft Ginnie Mae production topped Freddie Mac’s issuance in 2014 and was comfortably ahead after the first 11 months of this year.Read More
Christmas Comes Early for Lenders: Mortgage Applications Jump December 23, 2015 Sherry Muolo A 'Santa Claus' mortgage application rally?Read More
RSS