The Senate started consideration this week of a regulatory reform bill that includes a provision to expand the definition of qualified mortgages. The bill has some bipartisan support and could pass the Senate, with companion legislation potentially approved by the House later this year, according to industry analysts. The Senate next week is scheduled to resume consideration of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, which would loosen ...
With comprehensive housing-finance reform looking unlikely to be passed by Congress anytime soon, some industry analysts project that the Trump administration will take administrative actions to shrink the roles of the government-sponsored enterprises. Under a plan detailed last week by the American Enterprise Institute, the GSEs could be eliminated over time without legislation, with the non-agency market filling the void. The “Taxpayer Protection Housing Finance Plan” was ...
Embrace Home Loans hired a former official from Deephaven Mortgage to serve as director of mortgage product innovation. Deephaven has focused its correspondent production on non-qualified mortgages while Embrace is looking to expand its retail products. Parkes Dibble, the new hire, was previously a vice president of capital markets product development at Deephaven. Embrace said Dibble will lead efforts to strengthen the “depth and breadth” of ... [Includes two briefs]
Jumbo mortgage lending – including agency-eligible mortgages that exceed normal loan limits – lost some market share in 2017, according to a new Inside Mortgage Finance ranking and analysis.
According to a tally from Inside MBS & ABS, RBS/Greenwich Capital ranked second among all subprime MBS underwriters that brought deals to market from 2004 to 2007 with $261 billion.
A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.
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