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Manufactured Housing Industry Prods FHFA on Trailer Park Loans

August 28, 2015
Carisa Chappell
The FHFA has the authority to require the GSEs to buy chattel loans for manufactured housing, but it decided not to exercise this option...
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What We’re Hearing: Will Banks Ever Return to Wholesale? / $354 Million for Stearns Lending? / Eventually, There Will be a Merger / The Dave Stevens ‘Flip-Flop’ Controversy / MBA’s Top Paid Consultants

August 28, 2015
Paul Muolo
What do nonbanks think about depositories avoiding the wholesale/broker sector? They love it.
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Rating Services Take Dim View of ‘Alt’ Doc Loans; Penalties May Ensue

August 28, 2015
Brandon Ivey
“The most common example is a loan program for self-employed borrowers that relies on bank statements, rather than tax returns, to determine income,” Fitch said.
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Quicken, FirstKey, New Penn Lead Contributors to Pending Jumbo MBS from Credit Suisse

August 27, 2015
Brandon Ivey
Quicken Loans is contributing 17.1 percent of the mortgages to the new jumbo MBS from Credit Suisse.
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Short Takes: Fannie Gets the Origination Blues / Hopefully, It Won’t Come True / Marix Gets Freddie Approval / Freddie Grows. Don’t Tell FHFA / MIAC Hires Trading Desk Chief

August 27, 2015
Paul Muolo
If Fannie Mae's origination forecast comes true, just $615 billion in loans will be written from July 1 to Dec. 31, an ugly outlook indeed…
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MBA: Origination Profit at Independents Almost Flat in 2Q

August 25, 2015
Paul Muolo
The results are based on 354 lenders that submitted production data to the trade group.
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Short Takes: Credit Suisse Readies Another Jumbo Deal / Angel Oak Nonprime MBS? / Parkside Rolls Out Jumbo With Caveats / FHA, PACE and Lien Priority / Barney Frank Back in the Business?

August 25, 2015
George Brooks, Brandon Ivey, and Paul Muolo
Remember the nonprime MBS deal that Angel Oak was working on with Nomura? The transaction may be on again...
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Fannie Mae Unveils ‘HomeReady,’ A Successor Program to ‘MyCommunityMortgage’

August 25, 2015
Carisa Chappell
HomeReady will become part of DU later this year and replaces the MyCommunityMortgage product, which in some circles was known as Fannie’s “subprime” option.
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MBA’s Stevens Pushes for Ending GSE Conservatorships

August 24, 2015
Brandon Ivey
A former FHA commissioner, Stevens said GSE reform should include a new charter for Fannie Mae and Freddie Mac...
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A Growing Source of Profits for the GSEs: Multifamily; Cap Worries?

August 24, 2015
Carisa Chappell
Freddie’s multifamily business grew so much that some industry observers worried that the GSE could reach the $30 billion annual multifamily business cap set by the FHFA.
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