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Originations
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PRMI President and CEO Dave Zitting to Depart After Selling His Stake in the Lender

December 19, 2018
Paul Muolo
Founded 20 years ago, PRMI is a retail-only lender that funded $3.7 billion through the first nine months of 2018…
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FHA Drops Warranty Requirements for New Single-Family Construction

December 19, 2018
George Brooks
FHA says positive trends in the housing sector have weakened the need for the multi-year warranty.
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Short Takes: Do GSE Servicers Need to Worry About Liquidity? / MF Cap Set at $35 Billion / New American Buys Minnesota Lender / Humble Beginnings / Kraninger Will Keep the CFPB Name / BoNY Mellon to Enter Non-Agency Market as Master Servicer

December 19, 2018
Brandon Ivey and Paul Muolo
Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…
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Quicken Launches Jumbo Product Allowing Qualification Based on Assets Instead of Income

December 18, 2018
Brandon Ivey
According to Quicken, the loan could work well for retirees...
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ARM Share Drops in the Third Quarter

December 18, 2018
Brandon Ivey
The ARM share typically goes up when interest rates rise, but not this time around…
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Speculation Centers on Clinton Jones for FHA Commissioner

December 18, 2018
Paul Muolo
Clinton Jones has worked for the HFSC since February 2013. From 2007 to 2008 he was a registered lobbyist for Fannie Mae.
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Short Takes: Freddie Mac’s New CEO? / Jeb’s Last Stand? Maybe Not / A ‘Comical’ Situation / A Low Grade for Hensarling? / Fannie’s New Chairman

December 18, 2018
Paul Muolo
As one veteran industry lobbyist explained with a hint of ire: “You’re telling me that a bunch of lame duck Congressmen who lost an election are going to show up on the Friday before Christmas?”
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Deputy HUD Secretary Pam Patenaude Quits After 15 Months on the Job

December 17, 2018
Paul Muolo
She brought a certain depth of knowledge to the table for her boss, Ben Carson, a career brain surgeon with little in the way of housing and mortgage experience.
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FHA and VA Introduce New Loan Limits for 2019

December 17, 2018
George Brooks
FHA will increase its floor for forward mortgages to $314,827 from $294,515.
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Outlook for Prime Non-Agency MBS Tied to GSE Pricing, Tools

December 17, 2018
Brandon Ivey
With Mel Watt’s term as FHFA director ending in early January, a new director appointed by President Trump is widely expected to take actions to reduce the GSEs’ footprint…
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