Flagstar Readies Non-Agency MBS Stocked with GSE-Eligible Loans for Investment Properties October 16, 2018 Brandon Ivey Some 78 percent of the loans are GSE-eligible mortgages for investment properties…Read More
Short Takes: GSE Pilot Hearing Postponed / An Opportunity to Gather Intelligence? / Freddie's Qualification Tool for Self-Employed Borrowers / GSE Duty-to-Serve Updates / New Hires for ComplianceEase, Element Funding October 14, 2018 Carisa Chappell and Paul Muolo The Senate Banking Committee's review of GSE pilot programs will have to wait...Read More
Non-Agency MBS Issuance Drops Sharply in 3Q18 as Nonprime Tops Prime October 12, 2018 John Bancroft The highlight of the third quarter was the steady growth of the nonprime market…Read More
Mortgage Venture Partners Plans to Buy Nonagency Loans with an Eye Toward Securitization October 12, 2018 Brandon Ivey Mortgage Venture Partners is also working on a non-qualified mortgage jumbo second lien product…Read More
Quicken Loosens Underwriting on Jumbos October 12, 2018 Brandon Ivey For jumbo cash-out refis, Quicken is now allowing for combined loan-to-value ratios up to 80.0 percent on loan balances up to $1.0 million.Read More
What We’re Hearing: A Cyclical Business / What Will Treasury’s Craig Phillips Say about the GSEs? / Advice From loanDepot’s Anthony Hsieh / Unsolicited Resumes from Production Employees / Jim Malloy Departs Impac Mortgage After 15 Years / PennyMac’s First October 12, 2018 Paul Muolo Anthony Hsieh's advice for the mortgage industry: Start selling...Read More
More REITs Eyeing the Non-QM Sector. A Large MBS Deal in the Works? October 11, 2018 Paul Muolo MFA CEO Craig Knutson said he’s pleased the REIT has “gained traction on these new acquisition efforts, which involve relationships cultivated over the past year or more.”Read More
Wells Fargo is Back! Megabank Launches First Post-Crisis Non-Agency MBS October 10, 2018 Brandon Ivey New nonagency deals are pending from loanDepot and New Residential as well…Read More
Non-QM Lenders Angel Oak and Citadel Post Record Production Quarters in 3Q18 October 10, 2018 Paul Muolo Angel Oak and Citadel continue to hire while the megabanks are cutting back...Read More
DBRS: Losses on Non-QM MBS are Rare, Investors Feel Protected October 9, 2018 Brandon Ivey Despite the good news, DBRS said if the economic environment becomes more distressed, some non-QM borrowers may come under pressure…Read More
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