A Possible Problem for Ginnie: Fannie/Freddie MBS Getting an Explicit Guarantee from Uncle October 30, 2018 Paul Muolo Rob Zimmer, director of external affairs for the Community Mortgage Lenders of America, is in the camp of those worrying about the ramifications…Read More
Digital Footprint Useful for Predicting Loan Defaults October 30, 2018 Brandon Ivey Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.Read More
loanDepot Unveils Warehouse Securitization for Mello Unit October 30, 2018 Paul Muolo Clayton Services has been hired to conduct due diligence reviews every 90 days on 100 randomly selected loans.Read More
Short Takes: Parity for the FHLBs and FanFred? / Once a Contender / Newfi and Non-QM / Strong Earnings from First American but Anxiety Too / From Alibaba to MGIC October 30, 2018 Paul Muolo Roughly 40 percent of Newfi Lending’s current loan volume entails the origination of mortgages that do not meet the qualified mortgage test.Read More
A Sure Bet for the New FHFA Director: No More GSE Pilot Programs? October 29, 2018 Paul Muolo The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…Read More
MBS Backed Fix-and-Flip Bridge Will Expand, Morningstar to Take a Conservative View Initially October 29, 2018 Brandon Ivey Fix-and-flip loans generally have terms that range from a few months to three years…Read More
Short Takes: Bill Dallas Speaks / FoA’s New Reverse Product / A Blow-Out Earnings Number from Freddie? / Fannie? / No Permanent President for Ginnie, Still / Former FHLB Chicago Exec Named President of CU Mortgage Firm October 29, 2018 Brandon Ivey and Paul Muolo On Wednesday, Freddie Mac will release third-quarter results...Read More
Commercial Mortgage Securitizations Slowed in 3Q18 but MF Surged October 26, 2018 John Bancroft Thanks to Fannie Mae and Freddie Mac, multifamily securitizations surged 44.7 percent…Read More
A Coming Sea Change? CFPB Considers Disparate-Impact Rulemaking October 26, 2018 Yemeng Yang If the CFPB issues a rule on disparate impact, there could be far-reaching implications, said Andrea Mitchell, a partner at Buckley Sandler…Read More
What We’re Hearing: Cut in Half, Ellie Mae’s Share Price / 1H 2019: A Challenge / Walking the Floor of the MBA Show / A Bullish Outlook for Servicing, Non-QM Lending / If Stocks Tank Further, Good Things Might Happen / High on Chris George’s ‘To Do’ List: October 26, 2018 Paul Muolo But putting the negativity aside for a minute, there are a couple of bright spots in the industry: Servicing valuations and non-QM lending...Read More
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