MBA: Residential Origination Profits Almost Doubled in 1Q15 June 3, 2015 Paul Muolo The findings were based on results supplied by 359 residential originators.Read More
Short Takes: FHFA Official Spills the Beans on LPMI, More / But Comments Made Behind Closed Doors / Mortgage Applications Down Modestly / Loans With MI Have Good Closing Record / A New Hire for Clayton June 3, 2015 Paul Muolo Not only is the FHFA scrutinizing lender-paid mortgage insurance products, but the agency might require higher capital standards...Read More
ATR Rule Has Done Little to Crimp Mortgage Activity by Banks June 2, 2015 Brandon Ivey Portfolio holdings of mortgages also have increased at a faster rate for smaller banks than larger ones.Read More
Streamline Refis Power VA-Backed MBS June 2, 2015 George Brooks California, Virginia, Texas, Florida and Washington, in sequential order, retained their VA securitization ranking from 2014.Read More
Two Harbors Turning Out to be a Prolific Issuer of Jumbo MBS June 2, 2015 Brandon Ivey Two Harbors is outpacing a fellow REIT, Redwood Trust, in terms of jumbo MBS deals with the latter putting more of an emphasis on whole loan sales.Read More
Blackstone’s ‘New’ Mortgage Company Can’t Take Apps Over the Web Until…the NYDFS Says So June 2, 2015 Paul Muolo In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a “roll-up” strategy...Read More
The Latest Lender to Pay Up via the FCA for FHA Violations: First Tennessee June 2, 2015 George Brooks The FHA loans were originated through the bank’s mortgage subsidiary, First Horizon Home Loans, which was sold to MetLife Bank in August 2008.Read More
Jumbo Originations Up Sharply in 1Q15 – Compared to a Year Ago June 1, 2015 Brandon Ivey Chase was the second-ranked jumbo lender in the first quarter of 2015, nearly closing the wide gap that Wells Fargo has maintained in recent years.Read More
Loan Limit for Redwood/FHLB Jumbo Program More Than Doubles June 1, 2015 Brandon Ivey The higher loan limit for the jumbo program will go into effect early in the third quarter.Read More
It’s Official: Nonprime Lender Citadel Rolls Out a Second-Lien Product June 1, 2015 Paul Muolo But the product does not come cheap. On an A- credit loan, the rate is set at 8.25 percent when CLTV is 60 percent. Read More