Short Takes: FHA MMIF Results Due Wednesday / Fannie’s Foray into Construction-to-Perm? / Production Chief Departs / Drones Being Used by Some Mortgage Servicers / A Loss for Invitation Homes November 14, 2017 Paul Muolo However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more. Read More
Invictus Includes Loans Aggregated by Shelter Growth in Latest Nonprime MBS November 13, 2017 Brandon Ivey Mortgages aggregated by Shelter Growth account for 43.5 percent of the collateral.Read More
FHA MMIF Audit Expected to Show Positive Results. As for an MIP Cut, Don’t Bet on It November 13, 2017 George Brooks Keep in mind, that one of the first things HUD did under Trump was to kill a planned MIP reduction...Read More
CFPB, Ocwen Tit for Tat Continues, Thanks to DOJ November 13, 2017 Thomas Ressler The common thread in both cases is that Ocwen and PHH similarly assert that the CFPB’s structure is unconstitutional.Read More
Nonprime Lenders Aim to Avoid a Mistake of the Past: Risk Layering November 13, 2017 Brandon Ivey Angel Oak Mortgage Solutions, Atlanta, said it has underwriting standards that avoid risk-layering…Read More
Short Takes: Time for a Hearing on Why There’s No Housing Inventory / The Russians Invest in Mortgages / Angel Oak’s Latest MBS / A Nonprime REIT? / Eight New LOs for Minnesota MB November 13, 2017 Brandon Ivey and Paul Muolo Maybe a REIT is the way to go in nonprime...Read More
What We’re Hearing: The Wilbur Ross Story / Tapping Mortgage Expertise / Enter the Phrase ‘Legal Proceedings’ and See What You Find / David Kittle and the Ginnie Mae Job / Reverse Lender has Record Month / A New Hire for Better Mortgage November 10, 2017 Paul Muolo You might say that Wilbur Ross got out of Ocwen while the getting was good...Read More
Surprise: CMBS Has its Best Issuance Quarter Since 2Q08 November 10, 2017 John Bancroft Fannie, Freddie and Ginnie continued to dominate multifamily activity… Read More
Senate’s Tax Reform Bill Maintains Higher Limit for Mortgage Interest Deduction but Housing Industry Warns of Other Faults November 10, 2017 Brandon Ivey NAR’s Mendenhall: such provisions “can turn the American Dream into a nightmare for families, as the rug is pulled out from under them.”Read More
As Promised: If the GOP Lowers the Corporate Tax Rate, the GSEs are in Deep Trouble November 10, 2017 Carisa Chappell “A significant reduction in the corporate tax rate would result in a significant net loss, and that could result in a loss for the year,” said Fannie CEO Timothy Mayopoulos…Read More
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