Non-agency mortgage originations are expected to remain relatively strong in 2014, led by bank jumbo production and an expected resumption of issuance of non-agency mortgage-backed securities. Through three quarters in 2013, an estimated 22.4 percent of the $1.59 trillion in mortgages originated (including second liens) had non-agency execution, according to affiliated publication Inside MBS & ABS, with most of the non-agency activity concentrated in bank portfolios. Total mortgage originations ...
Chief among the focal points of discussion will be the bureau's new ability-to-repay/qualified mortgage rule, which establishes strong consumer protections that ensure qualified homebuyers have access to safe, affordable home loans they can pay back.
Will well-known mortgage trainer Barry Habib stick with Residential Finance Corp., a company whose assets are in the process of being sold? It’s hard to say since RFC isn’t answering questions on about the firm’s future.
Freedom has big expansion plans for the new year. Company CEO and founder Stan Middleman recently told IMFnews Daily that he plans to hire between 200 and 500 residential loan officers in 2014.
While banks have put an emphasis on originating jumbo mortgages for portfolio, the uptick in total mortgages outstanding was largely driven by originations of agency mortgages.
What's ahead for residential lenders and servicers in 2014? You might be surprised at some of our predictions. Hint: The servicing market looks good, at least.
RSS