Feds Propose Increasing Residential Appraisal Exemption Threshold to $400,000 for Banks November 20, 2018 Brandon Ivey The appraisal exemption proposal needs final approval from the CFPB... Read More
FHFA Trying to Find a Capital Balance That Can Handle Market Cycles November 20, 2018 John Bancroft In its comment letter to the FHFA, Fannie Mae suggests the rule should use original credit scores and LTV ratios, rather than mark-to-market values…Read More
Facing a Cloudy Future, Impac Bets the House on Non-QM Lending November 20, 2018 Paul Muolo Impac CEO George Mangiaracina: “I don’t believe we’ve seen capitulation yet with respect to other originators.”Read More
Short Takes: Angel Oak is Hiring / Carrington Launches Correspondent Division / Applications Decline / 2 Non-QM MBS with Loans from Impac / MIAC Offers Whole Loans for Auction / A Short Publishing Break November 20, 2018 Brandon Ivey and Paul Muolo Carrington Mortgage this week announced the launch of its correspondent lending division. Read More
Cash-Out Refi Investment-Property Mortgages Collateral for New MBS November 20, 2018 Brandon Ivey Visio originates through the retail channel but also uses loan brokers… Read More
Short Takes: A New 52-Week Low for Ocwen / John Britti’s Stock Awards / The Dow Swoons, Rates Fall / Freddie’s ACIS Deal / Ed Pinto Weighs in on GSE Capital / Merry Christmas, Buy a House (The Day After) / UWM Still #1 in Wholesale November 20, 2018 Paul Muolo Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...Read More
Correspondent Platforms Gained Market Share in 3Q18 November 20, 2018 John Bancroft Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2 percent share of the market…Read More
Meetings Scheduled for January as Nonbanks Ponder Impact of Ginnie ‘Liquidity Letter’ November 19, 2018 Paul Muolo Nonbanks need to come up with a contingency plan if warehouse lines of credit and other forms of financing are not renewed or are reduced. Read More
As Conventional Lending Slumps, Expanded-Credit Originations Fill the Void November 19, 2018 Brandon Ivey The top five EC lenders in 3Q18 were Redwood Trust, U.S. Bank, Angel Oak, Citibank and Citadel Servicing…Read More
FHA Seeks to Strengthen MRB Authority November 19, 2018 George Brooks While the goal of a stronger MRB is not new, it has taken on a new urgency in discussions between HUD and DOJ...Read More
RSS