IMA Rolls Out Fannie Mae MSR Deal, More Auctions in the Works January 6, 2016 Paul Muolo The receivables are dominated by Texas collateral at almost 62 percent. Read More
Short Takes: Freddie Mac Gives Price Breaks Through LOMC / What Happened to G-Fee Parity? / New CEO for Lenders One? / loanDepot Cranks Out the Second Liens / New Hires for National General January 6, 2016 Paul Muolo Introduced in Sept. 2015, fundings of loanDepot home equity loan products have nearly doubled every month since launch...Read More
Short Takes: The ‘Biggest’ Mortgage Stories of 2015? A Subject Ranking, for Sure / But Here’s the List: Strong Origination Volumes; TRID, Nonbanks, FHA Loan Volumes, No GSE Reform, Blackstone’s Mortgage Growth… December 31, 2015 Paul Muolo The biggest mortgage story of 2015? How about origination volumes being a lot better than anyone dreamed of?Read More
The Largest Investor in GSE Common (Pershing Square) Still Seems Bullish, but… December 30, 2015 Paul Muolo Over the past year, the share price of GSE common has tanked, at least on a percentage basis.Read More
CFPB Issues TRID ‘Clarifying’ Letter; GSEs Won’t Conduct ‘Routine’ Post Purchase Reviews December 30, 2015 Thomas Ressler The CFPB letter is aimed at preventing the secondary mortgage market from getting clogged up... Read More
Short Takes: The loanDepot IPO Could Happen in 2016 / Just Because the CFPB Issues a Letter That Doesn’t Mean Some Lawyer Somewhere Won’t Sue / FA: Fraud Risk Rises in FL / Radian Becomes PMIER Compliant December 30, 2015 Carisa Chappell, Brandon Ivey, and Paul Muolo Now that the Consumer Financial Protection Bureau has issued a “clarifying” letter on TRID errors, all is well, right? Not necessarily...Read More
California Remains the GSE Loan King December 29, 2015 Paul Muolo California also has the distinction of having one of the higher broker-GSE ratios in the nation: 21.5 percent. Read More
Behind the GSE Risk-Share Goals: Why Next Year’s Activity Could Turn out to be Less December 29, 2015 John Bancroft In 2015, the two GSEs sold credit risk on about $407 billion of UPB through their back-end risk-transfer programs. The actual amount of credit risk transferred was $12.6 billion.Read More
More Front-End Changes to Deal With: GSE Loan Application Will Undergo a Major Redesign December 28, 2015 Carisa Chappell New data fields will be added to support Fannie’s and Freddie’s requirements, as well as those required by the FHA, VA, USDA and CFPB...Read More
MorVest Capital Unloads Ginnie Mae MSRs; Another Deal in the Works December 28, 2015 Paul Muolo The new offering is in the $1 billion range. MorVest hopes to complete the sale by the end of January.Read More
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