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Originations
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House FSC to Work on GSE Reform Again. (Hint: It Looks like the PATH Act)

September 19, 2017
Brandon Ivey
At the ABS East show, Rep. Barr didn’t provide further details about Republican plans for the GSEs…
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Mortgage M&A Chatter Continues. Medium-Sized Shops Are Targets

September 19, 2017
Paul Muolo
Rick Roque, who runs Menlo, an M&A advisory firm, said he knows several owners who are contemplating a sale…
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Caliber Ramps Up Non-QM Lending Big Time

September 19, 2017
Brandon Ivey
Caliber plans to originate at least $1 billion of non-QM residential loans this year…
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New Poll: Industry Says Let Congress Fix the GSEs

September 19, 2017
Paul Muolo
Congress is not expected to produce workable GSE legislation until next year and even then, other issues – tax reform, another run at fixing “Obamacare,” for example – could kick the can down the road.
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Short Takes: About Those GSE Dividend Payments… / The Man Wants to be Paid / Record Attendance at ABS East / LendingTree Buys Snap Capital / Webster Gets a New President

September 19, 2017
Brandon Ivey and Paul Muolo
In other words, the FHFA will once again order the dividends to be paid to Treasury. Right?
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HECM Production Up Almost 26 Percent in First Half of 2017

September 18, 2017
George Brooks
Despite increased originations, FHA data show HECM production, in general, has been on a gradual decline for several years…
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A Growing Problem: VA ‘Rapid’ Refis

September 18, 2017
George Brooks
Acting Ginnie Mae President Michael Bright confirmed the resurgence of inappropriate streamline refinancing in securitization pools, promising a crackdown…
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CFPB Official Tells ABS East Attendees: Show Us Data on How Consumers Have Been Harmed

September 18, 2017
Brandon Ivey
“We want to know if there are impediments because of our rules,” said CFPB Policy Analyst Patrick Orr…
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Nonbank Lenda Gets Backing of $5.25 Million

September 18, 2017
Sherry Muolo
Lenda originally began as a refinance provider in 2013…
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Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network

September 18, 2017
George Brooks, Brandon Ivey, and Paul Muolo
The FHA nominee had been a Radian director since 2012…
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