Agency Share of Jumbo Mortgage Lending Increased in 3Q18 November 28, 2018 John Bancroft Year-to-date agency securitization of conforming-jumbos totaled $72.36 billion as of the end of September…Read More
Short Takes: Extreme Turbulence Ahead? / When Will the M&A Tsunami Start? / Freddie Mac’s Origination Forecast / A Sudden Spark in Fresno / Trump Has Buyer’s Remorse on Powell November 28, 2018 Paul Muolo One warehouse chief even suggested that in 1Q19, as many as 70 percent of nonbanks will lose money before the spring homebuying season kicks in. Read More
Guaranteed Rate Buys Assets of Two Hawaii MBs. Details are Sketchy November 28, 2018 Paul Muolo The Chicago-based GR has been making loans in Hawaii since 2015… Read More
Newly Elected Democrat AGs Likely to Increase Enforcement November 28, 2018 Yemeng Yang “With the turmoil at the CFPB, states are feeling that they have to fill the void,” said Daniel Suvor, counsel at O’Melveny & Myers…Read More
GSE Purchase Market Lost Steam in October November 28, 2018 John Bancroft Most of the refinancings facilitated by Fannie and Freddie are cash-out deals…Read More
Industry Has a Muted Reaction to High GSE Loan Limits. However… November 28, 2018 Paul Muolo Former MBA Chief Dave Stevens on the higher conforming loan limits: “For an industry led mostly by conservatives, this dependence on a socialized financial system is really ironic.”Read More
Short Takes: Homebuyers Hitting the Brakes / But No Reason to Panic / Senate Moves Closer to Vote on Kraninger / Freddie’s ‘Sweat Equity’ Deal / A New Hire for Embrace Home Loans November 27, 2018 Paul Muolo, Yemeng Yang, and Dennis Hollier Arch Chief Economist DeFranco says despite lower sales, it’s still a seller’s market in most cities…Read More
GSE Loan Limit Set at $484,350 for 2019, a Gain of Almost 7.0 Percent November 27, 2018 Dennis Hollier HERA allows exceptions for the maximum conforming loan limits for “high cost areas.”Read More
New NMLS Figures Reveal a Decline in Mortgage-License Holders November 27, 2018 Paul Muolo In 2017, MLO license growth was strong at 8.9 percent annualized, but not this year…Read More
Losses Nearly Nonexistent on Expanded-Credit MBS with Loans from Caliber November 27, 2018 Brandon Ivey Caliber’s loans are generally underwritten to a full documentation standard for income, assets and employment.Read More
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