Mortgage and commercial real estate investment trusts stand to benefit from a provision in the Tax Cuts and Jobs Act of 2017 that offers individuals a 20 percent deduction for REIT dividends. Analysts at Keefe, Bruyette & Woods said the deduction applies to “qualified business income,” which includes qualified dividends paid by REITs. The tax reform bill was signed into law on Dec. 22, 2017. Previously, non-capital gains dividends from a REIT were taxed as ...

The cryptocurrency Bitcoin recently surged above $19,500 a unit for a short time, briefly surpassing the “tulip mania” of the Netherlands in the 17th century to become the biggest recorded asset bubble in the history of Western civilization. That caused a number of participants in that space to slip into “irrational exuberance” mode, going to such extremes as not only buying Bitcoin with their credit cards but also taking out mortgages to snap up as much of the cryptocurrency as they possibly could ...

And now for the bad news: The lower corporate tax rate will force Fannie and Freddie to write down the value of their deferred tax assets by $15.3 billion…

Angel Oak has securitized $850 million of non-QM loans since 2015.

PHH Mortgage is in the process of transforming into a subservicing specialist.

Looks like Angel Oak, Caliber and Citadel Servicing Corp. are about to get some competition in the non-QM sector…

FCM is headed by Chris Hart, who is also a member of Fannie Mae’s western region advisory board.

Wells Fargo and JPMorgan Chase are the two dominant lenders in the jumbo market but their channel preferences have diverged over the past year…

Wells Fargo, Quicken, and United Wholesale Mortgage are the top three firms originating these low-downpayment loans…

“If the state requires it, then the GSEs would require it, and could use their remedies in connection with any failure to do so,” said one attorney…