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Originations
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Short Takes: Who’s Blackstone Talking to Now? / Carrington Offering Low FICO Score Loan Thru Brokers / The Return of American Home’s Michael Strauss? / HUD IG Cites NTFN

May 27, 2015
George Brooks and Paul Muolo
We understand that American Home Mortgage founder and chief executive Michael Strauss may be launching a new nonprime lender...
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Bank Call Reports: Depositories Had Solid Increase in Mortgage Profits for 1Q15

May 26, 2015
John Bancroft
Although only 13 banks reported net losses on mortgage banking during 1Q – compared to 756 institutions with net profits – several of the top players earned less than they did in the fourth quarter.
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In Demand: LOs, Processors and Yes Mortgage CEOs

May 26, 2015
Paul Muolo
Another concern that has come up regarding employment is the graying of the mortgage executive suites.
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Associated Bank Signs $200 Million ‘Conciliation’ Agreement with HUD Over Lending to Minorities

May 26, 2015
Paul Muolo
Although Associated denies that any such lending discrimination took place, it agreed to commit almost $200 million in new loans to “targeted” areas...
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CFPB Confirms Final HMDA Rule Out Later This Summer

May 26, 2015
Thomas Ressler
Elsewhere, the CFPB continues to be steadfast on the August 1, 2015, effective date for its TILA/RESPA integrated disclosure rule...
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Short Takes: The MSR Deals Keep Coming / New Home Sales Strong / USRES Signs Up Nonprime Lender / Overvalued Housing in Texas / Altisource’s Latest Hire

May 26, 2015
Paul Muolo
One new portfolio that came out for bid recently entails the transfer of $328 million of Fannie Mae receivables in Massachusetts.
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Banks and Thrifts Gobble Up Ginnie Mae MBS

May 22, 2015
John Bancroft
Commercial banks and thrifts held $1.58 trillion of residential MBS at the end of March, a 2.6 percent increase from the previous quarter.
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FHFA Pulls Down the Cone of Silence on Single-Security Timeline

May 22, 2015
John Bancroft
Is a single GSE security years in the distance? It's hard to say. The FHFA won't offer a timeline.
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Chase to Issue a Jumbo MBS with Higher LTVs, Older Interest-Only Mortgages

May 22, 2015
Brandon Ivey
First Republic Bank is the top contributor to the Chase jumbo MBS with a 20.9 percent share.
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MBS Trading Volume Hit a Yearly Low in April. Should the Market Worry?

May 22, 2015
Paul Muolo
One market participant, speaking under the condition his name not be used, likened it to MBS buyers “going on strike.”
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