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Arch Continues Re-Insurance Transactions Started by UG; New Issuance the First to Receive a Rating

October 18, 2017
Brandon Ivey
Mortgages delivered to the GSEs with an unpaid principal balance of $29.30 billion are included in the transaction.
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Short Takes: The Little Guy Gets a G-Fee Break / A Coming Spike in G-Fees? / More Financial Maneuvers by Radian / A Hot Streak for Non-Agency Prime MBS / A Stock Market Crash Warning from Treasury Secretary Mnuchin

October 18, 2017
Brandon Ivey and Paul Muolo
Might this suggest that g-fees charges could spike next year when zero hour comes?
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Ginnie Mae Issuance Topped $120B in 3Q17, the Best Reading of the Year

October 17, 2017
John Bancroft
Ginnie Mae issuers securitized $85.4 billion of purchase loans in the third quarter, falling just short of the record $85.4 billion set in the third quarter of last year.
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Ranked No. 442 as an Originator, Fintech Firm Corrals $457 Million in Financial Commitments

October 17, 2017
Paul Muolo
Formed in 2014, LH originated $598 million in 2016, ranking 442nd overall, according to Home Mortgage Disclosure Act figures compiled by Inside Mortgage Finance.
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Promontory MortgagePath Expands Private-Label Origination Platform

October 17, 2017
Paul Muolo
PMP was founded by former Comptroller of the Currency Eugene Ludwig and mortgage industry veteran Bruce Witherell…
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Redwood Aims for Jumbos Outside of Banks’ Focus

October 17, 2017
Brandon Ivey
Redwood’s Choice loan program allows for debt-to-income ratios of up to 49.9 percent while the limit for Select is 43.0 percent…
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Surprise: Prime Non-Agency MBS Issuance Spiked in the Third Quarter

October 16, 2017
Brandon Ivey
The nonprime MBS category includes some deals better categorized as Alt A…
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Stearns Lending Reveals it Has a Mortgage Joint Venture with SoFi

October 16, 2017
Paul Muolo
Stearns, however, doesn’t service any mortgages for SoFi…
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Citadel Receives Ratings from Morningstar; Look for a Nonprime MBS in January

October 16, 2017
Brandon Ivey
Morningstar said the company’s underwriting process, quality control and compliance functions were factors in the rankings…
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Short Takes: Large Nonbank Ready to Enter Second-Lien Market / Mortgage Layoffs in California? / The 30th Anniversary of ‘Black Monday.’ Beware? / UWM Rolls out ‘Client Loyalty’ Tool for Brokers / Annaly CEO will Become Chairman, Eventually

October 16, 2017
Paul Muolo
A large nonbank is about to enter the second-lien market...
Read More
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