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Short Takes: Freddie Talking to Potential MSR Borrowers / Fannie’s New HLTV Refi Option / Plenty of GSE-Eligible Loans in New JPM MBS / LendingTree’s $10k Prize / A New Director at Fannie Mae

September 19, 2018
Brandon Ivey and Paul Muolo
On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.
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Wells Fargo Ready to Break its Jumbo MBS Drought

September 17, 2018
Brandon Ivey
Wells Fargo accounted for 15.0 percent of all jumbo mortgages originated during the first half of 2018…
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Redwood Queues Up Fourth ‘Expanded-Credit’ MBS Deal of the Year; 106 Lenders Provide Collateral

September 14, 2018
Brandon Ivey
Mortgage firms providing collateral for the new EC MBS include Fairway Mortgage, Guild Mortgage, PrimeLending and others…
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Questions Linger on Caliber and ‘Full Documentation’

September 14, 2018
Brandon Ivey
The differences are tied to how the rating services define full documentation.
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Home-Equity Lending Up Sharply in 2Q18, but Market Far Below Its Potential

September 13, 2018
John Bancroft
Mortgage lenders generated an estimated $54.0 billion of new home-equity loans during the second quarter, up 18.7 percent…
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Home-Equity Lending Up Sharply in 2Q18, But Market Still Far Below Its Potential

September 13, 2018
Home-equity lending accelerated in the second quarter of 2018, although the outstanding supply of home-equity lines of credit and closed-end seconds continued on its years-long downward trajectory, a new Inside Mortgage Finance analysis reveals. [Includes three data charts.]
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Short Takes: Late for an Anniversary / GSE Reform: A Solution Searching for a Problem / ClearEdge Lending Ramps Up / Warehousing the Non-QM Market / LendingTree Shareholders Not Smiling Right Now

September 13, 2018
Paul Muolo
Silvergate Bank is actively providing warehouse lines of credit to non-QM lenders and we understand that Comerica is now sticking its toe in the water…
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Jumbo Servicing Balances Up by Almost 11 Percent Year Over Year

September 12, 2018
Brandon Ivey
Flagstar Bank and Shellpoint Mortgage Servicing had significant increases in their jumbo servicing portfolios over the past year…
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Blackstone Takes a Hard Look at Some of Incenter’s Mortgage-Related Operations

September 11, 2018
Paul Muolo
As one source put it: “Blackstone wants you to make it big or you’re gone.”
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Eager to Buy Jumbos, Redwood Offers a ‘Working Capital’ Option

September 11, 2018
Brandon Ivey
During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…
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