Barclays Settles Pre-Crisis Non-Agency MBS Issues with DOJ for $2.0 Billion; Two Former Execs Also Settle March 30, 2018 Brandon Ivey Charges were also filed against Paul Menefee, the former head banker of Barclays’ subprime MBS unit...Read More
GSE NPL Sales Tanked in 2017 – And That’s a Good Thing March 29, 2018 Paul Muolo The FHFA noted that the GSE NPL auctions are open to any qualified bidder…Read More
Megabanks and Even Nonbanks Continue to Rely Heavily on Correspondent Channel for Government Loans March 29, 2018 George Brooks The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…Read More
Servicing-Released Premiums the Best They’ve Been in Years? March 28, 2018 Paul Muolo Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…Read More
FHFA Gets Specific on the ‘Common Security’: June 3, 2019 March 28, 2018 Paul Muolo and Carisa Chappell FHFA Director Mel Watt is urging the mortgage industry “to get ready now to ensure smooth, successful implementation.”Read More
Short Takes: What’s Up (Down) with GSE Common? / No News, No Bill, No Hope / Citadel Loosens Underwriting / Angel Oak Opens Dallas Ops Center, Seeks New Hires / W&D Expands March 28, 2018 Paul Muolo and Brandon Ivey It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...Read More
Surprise: A Good Year for HECMs, Production Up 23 Percent in 2017 March 27, 2018 George Brooks The top three reverse lenders in 2017 were American Advisors Group, Reverse Mortgage Funding and One Reverse Mortgage…Read More
Angel Oak Set to Issue its Largest Nonagency MBS to Date. A Wide Variety of Loan Types… March 27, 2018 Brandon Ivey The weighted average credit score is 701 and average LTV is 76.8 percent...Read More
loanDepot to Issue its Own Non-Agency MBS, Packaging Jumbos and GSE-Eligible Loans March 27, 2018 Brandon Ivey Nearly all of the loans are 30-year fixed-rate mortgages and have seasoned for an average of 2.1 months.Read More
DBRS Tops in Non-Agency MBS Ratings, Fitch Has Strong Showing as Well March 26, 2018 John Bancroft Fitch had a good year too, rating $17.51 billion of non-agency MBS…Read More
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