Invictus to Issue a Non-Agency MBS Backed by Single-Family Rental Property Loans April 17, 2018 Brandon Ivey The new non-agency MBS from Invictus is a bit of a rarity: the bond is backed only by mortgages on single-family rental properties.Read More
Nationstar CEO Jay Bray Cleared for a $4.25 Million Bonus April 17, 2018 Paul Muolo CEO Jay Bray was eligible for a maximum bonus of $6.90 million…Read More
Short Takes: Bank of America Kisses Mortgage Banking (Reporting) Goodbye / When MSR Cash Flow Becomes ‘Immaterial’ / The Eye of the Beholder / Tossing Mortgage Stuff Overboard / Redwood on an MBS Hot Streak / Leaving loanDepot for Impac April 17, 2018 Brandon Ivey and Paul Muolo Is Bank of America doing a slow fade on mortgages? Read More
Fannie Addresses Risk Layering in High DTI Loans April 16, 2018 Carisa Chappell Back in July 2017, Fannie revised its automated underwriting system to accept loans with DTI ratios over 45 percent without lenders having to show other compensating factors…Read More
A Steep 1Q18 Decline in Residential Production for BofA April 16, 2018 Paul Muolo BofA also produced $3.75 billion of home equity loans in the first quarter...Read More
Pershing Square Doubles Down on its GSE Bets April 16, 2018 Paul Muolo In the 2017 annual report, Pershing Square lists Fannie and Freddie common among its “losers…” Read More
Early 2018 Brings More Volatility to GSE Single-Family Rivalry April 16, 2018 John Bancroft In early 2018 both GSEs were under orders from the Federal Housing Finance Agency to set g-fees that meet a “minimum return on equity…”Read More
Stearns Holdings Wants to Retire $80 Million Worth of High-Yielding Paper April 16, 2018 Paul Muolo Finance of America’s new president is industry veteran Bill Dallas.Read More
Non-Agency MBS Issuance Down Sharply in 1Q18, but Subprime and Alt A Show Promise April 13, 2018 John Bancroft During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…Read More
Chicago Bank Pulls the Plug on National Residential Lending, Will Take a $37 Million Hit (At Least) April 13, 2018 Paul Muolo MB Financial plans to keep originating home loans in the greater Chicago area and will keep its mortgage servicing platform intact.Read More
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