Short Takes: What’s Keeping Mortgage CEOs Up at Night? / Food Titan Enters the Non-Agency MBS Market / A Non-QM Loan from loanDepot / Mortgage Applications Rise / AMC Hires Former Stewart Executive November 18, 2015 Brandon Ivey and Paul Muolo Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.Read More
Hedge Fund Gets Right to Own 25 Percent of Walter/Ditech November 17, 2015 Paul Muolo In January, Birch Run reported a 17.8 percent ownership stake in Walter, but has since increased it to 19.8 percent.Read More
New Rez Will Issue $520 Million Non-Agency MBS Backed By 12-Year-Old Alt A Loans November 17, 2015 Brandon Ivey A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.Read More
Even Though the GSEs are Shrinking, the FHFA and OIG Keep Adding Employees November 17, 2015 Paul Muolo In a past audit, the OIG criticized the FHFA for lacking a “sufficient number of examiners.” In the new budget, the FHFA plans to increase its examinations head count to 275 from 248 in FY 2015.Read More
Short Takes: Congress Turns Grinch on GSE CEO Salaries / A Disappearing Asset: GSE REO / VantageScore Sees Huge Gain in Orders / Two Harbors Adds Former RBC Vice Chair to Its Board November 17, 2015 Carisa Chappell and Paul Muolo At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…Read More
On the Rise: Nonprime, Non-QM Loan Volumes November 16, 2015 Brandon Ivey Impac’s initial foray into non-QM production was sourced mostly through the wholesale channel.Read More
FHA MMIF Hits $23.8 Billion, Surpassing 2.0 Percent Capital Threshold November 16, 2015 Paul Muolo It's the first time since 2008 that the MMIF has had a capital ratio north of the congressionally mandated 2 percent minimum. Read More
Rising Population of Young Vets Could Spur More VA Lending November 16, 2015 George Brooks The number of young vets has risen while the 35- to 64-year-old bucket has shrunk...Read More
Silver Hill Now Taking Applications on SBC Loans, Including Multifamily November 16, 2015 Paul Muolo A nationwide roll out of the small-balance product starts next year.Read More
Okay, So the MMIF is North of 2 Percent, but Don’t Expect a Premium Cut November 16, 2015 George Brooks So, will the FHA cut the MIP? Absolutely not, at least not at this time.Read More