What We’re Hearing: America, a Good Mortgage Customer? / Higher Rates, but How Much Higher? / Mortgage Bulls / Three Former Clayton Executives Launch Due Diligence Firm / Santander’s Warehouse Chief Departs / Mel Watt’s Successor Might… February 9, 2018 Paul Muolo The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...Read More
Government and Jumbo Sectors Took the Biggest Lumps in 4Q17 Lending February 8, 2018 John Bancroft The conventional-conforming market held up relatively well in the fourth quarter, with origination volume easing by just 0.7 percent…Read More
Will CFPB Chief Mulvaney Say ‘Never Mind’ on PHH Case? February 8, 2018 Thomas Ressler In fact, it’s possible the CFPB under Acting Director Mick Mulvaney may just say: never mind.Read More
Better Mortgage Launches Refi Program for Airbnb Hosts, Providing Favorable Treatment to Income from Primary Residences February 8, 2018 Brandon Ivey Better Mortgage will use a borrower’s average Airbnb earnings from the last 24 months...Read More
Short Takes: The Top VA IRRRL Lenders / Tax Cuts Coupled with More Government Spending, a Recipe for Disaster? / If Habib’s Interest Rate Prediction Comes True, Watch Out Below / CFPB Wants Feedback on Enforcement Processes / A New Title for Amy Brandt February 8, 2018 Paul Muolo and Thomas Ressler Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business…Read More
Retail Loans Less Risky in Agency Market February 7, 2018 John Bancroft Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios… Read More
Guaranteed Rate Hires Quicken Executive as New President of Online February 7, 2018 Paul Muolo At Quicken, Lombardi served as director of mortgage banking.Read More
Mortgage Profits at Depositories Tumbled 29 Percent in 2017 February 6, 2018 John Bancroft Many lenders cited increased competition in a declining market for the weaker results…Read More
Despite Anticipated Production Downturn, Mortgage Firms Paying up for LOs February 6, 2018 Paul Muolo One branch manager told Inside Mortgage Finance: “I get two calls per week from headhunters and recruiters. I’ve never seen recruiting so hot.”Read More
Citadel Posts Record Originations in January. Angel Oak is Busier than Ever February 5, 2018 Paul Muolo Citadel is working on its first MBS deal…Read More
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