Flagstar Will Acquire ‘Certain’ Assets of $3-Billion-a-Year Lender Opes April 4, 2017 Paul Muolo With the purchase of Opes, Flagstar likely will move up two spots in the origination rankings to number 12, according to Inside Mortgage Finance.Read More
Coming May 1: FHA’s New Loan Review System (Defect Taxonomy) April 4, 2017 George Brooks The ultimate goal of the LRS is to reduce lenders’ liability risk and minimize overlays…Read More
Short Takes: Skyline Posts Strong Purchase Lending Numbers / Banks and CUs Pony Up to the IO Bar / Flagstar’s New Wealth Advisory Business / Thanks to AVMs and Google Earth, All Appraisers May be Toast / Frommeyer Leaves NAMB April 4, 2017 Paul Muolo A former Utah appraiser said she lost her job to AVMs and now drives a bus for $40,000 a year...Read More
Fast-Growing Nonprime Lender Angel Oak Adds Four Executives, Aims to Double Sales Force April 4, 2017 Paul Muolo Angel Oak employs 52 wholesale account executives and hopes to add three to four additional ones a month.Read More
In its Latest PHH Filing, the CFPB Sticks to the Main Premise: the Bureau’s Structure is Constitutional April 4, 2017 Thomas Ressler The CFPB noted: “The bureau’s constitutionality has been challenged frequently, but has yet to be addressed by a court of appeals…”Read More
And the Beat Goes On: VA, MBA Continue Work on Finding a Solution to Aggressive VA Refis April 3, 2017 George Brooks Pete Mills of MBA said the revised policy was intended to “take some of the economics out” of serial refinancing…Read More
Deephaven Mortgage Preparing a $223 Million Nonprime MBS April 3, 2017 Brandon Ivey Deephaven operates solely as a secondary market buyer of whole loans...Read More
Prime Non-Agency MBS Bounces Back in 1Q17 April 3, 2017 Brandon Ivey Just two firms – Redwood Trust and JPMorgan Chase – continued to dominate jumbo issuance in the first quarter…Read More
Invitation Homes Reveals FY 2016 Results: a $96.8 Million Loss April 3, 2017 Paul Muolo Invitation Homes also has unsecured warehouse loan agreements with its sponsor…Read More
Short Takes: Fixing the GSEs: A Slam Dunk? / ‘Abundant’ Bipartisan Agreement? Huh? / How Rep. Jeb Gets There / Seller-Financing for Altisource / Paul Miller Departs FBR April 3, 2017 Paul Muolo and Brandon Ivey We've an opinion or two from mortgage lobbyists that Rep. Hensarling might be open to some type of government guaranty on MBS, but how he might agree to such an animal has yet to be revealed…Read More
RSS