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HUD Plans to Revisit Downpayment Assistance Rule as Stakeholders Warily Eye Tribal Second-Loan Program

September 27, 2018
The Department of Housing and Urban Development is planning this fall to seek comment on the use of FHA downpayment assistance from programs run by entities owned by Native American tribes.
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A $490k Loan Limit in 2019?

September 27, 2018
If current trends hold in the official barometer used for adjusting conforming loan limits, look for the baseline limit to go up about 8 percent next year.
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Short Takes: Hensarling’s Long Goodbye / Not a Candidate to Head the FHFA / 15 More Recordings / A Large Non-QM MBS? / A Name Change for Sutherland

September 27, 2018
Paul Muolo and Carisa Chappell
Rumors were floating around this week that a large non-QM securitization deal could be in the works...
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Non-QM Lenders See a 10 Percent Market Share as a Reasonable Goal

September 27, 2018
Brandon Ivey
Expanded-credit mortgages accounted for less than 3 percent of total first-lien originations in the first half of this year.
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Short Takes: Speculation on What Mel Watt Might Say / Ocwen Schedules a ‘Special’ Meeting of Shareholders / NOLs of Roughly $400 Million / In the Event of a Change of Control? / FoA Rolls Out Second-Lien Reverse

September 26, 2018
Paul Muolo
Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change.
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First Up to Testify Thursday at the HFSC FHFA Oversight Hearing: Simone Grimes, Mel Watt’s Accuser

September 26, 2018
Carisa Chappell
Simone Grimes, who holds the title of special advisor, is still employed by the agency.
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Bridgeview Bank Agrees to Sell Mortgage Unit to Nonbank

September 26, 2018
Paul Muolo
A spokeswoman for bemortgage said the lender’s staff will be kept in place…
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Issuance of Non-Agency MBS Constrained by a Lack of Reforms to Reps and Warranties

September 26, 2018
Brandon Ivey
Blackrock and PIMCO were among the firms cited as avoiding new non-agency MBS deals…
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Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage

September 25, 2018
Paul Muolo and Brandon Ivey
Will FHA hike its premiums? Maybe, maybe not...
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Third-Party Lenders Account for Out-Sized Share of FHA/VA Market

September 25, 2018
John Bancroft
However, some large commercial banks are willing to remain in the market through correspondent arrangements…
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