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Inside Mortgage Trends
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Redwood’s ‘Expanded Prime’ Program Making Inroads

May 17, 2017
Brandon Ivey
Redwood generally prefers to have multiple execution options. The company is considering issuing MBS backed solely by Choice mortgages.
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Going, Going and Soon to be Gone: ‘Distressed’ Housing Units?

May 17, 2017
Paul Muolo
Deutsche noted that after years of a steady broad-based housing market recovery “investors are now facing severe shortages in distressed housing pipelines.”
Read More

DocuSign First Got Wind of Malicious Email Campaign May 9

May 16, 2017
Paul Muolo
A DocuSign spokesman did not return a telephone call and email regarding the hacking campaign.
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JPM to End a Two-Month Drought in Issuance of Prime Non-Agency MBS

May 16, 2017
Brandon Ivey
The size of the pending jumbo deal from JPM has not been disclosed yet, but AMC, Clayton and Opus are working on reviews...
Read More

Brian Hale Out as CEO of Stearns; Former JPM Exec David Schneider is In

May 16, 2017
Paul Muolo
Out as CEO is Brian Hale, who helped groom the company for much of this decade. Hale is departing for a new venture called DCC Holdings.
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Nonbanks Dominate FHA Primary Market; Volume Slowed in 1Q17

May 16, 2017
John Bancroft
The 14 largest FHA originators were all nonbanks, led by Quicken Loans, Freedom Mortgage and loanDepot.
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Serious Delinquency Rate Resumes Downward Trend in 1Q17, Slight Uptick in Foreclosure Starts

May 16, 2017
Brandon Ivey
Marina Walsh, the MBA’s vice president of industry analysis, said mortgage performance has been helped by growth in employment and income...
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Jumbo Lending Down 29 Percent in 1Q17: JPM Tops the List…

May 15, 2017
Brandon Ivey
JPMorgan Chase ranked first in the jumbo production with $10.89 billion…
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Trump’s Tax Proposals: Should Housing Worry? Really?

May 15, 2017
Brandon Ivey
The plan to raise the standard has been met with hostility by many in the residential real estate industry, said Matthew Pointon, an economist at Capital Economics.
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Invitation Homes Posts $42.4 Million Net Loss for 1Q, But ‘FFO’ Looks Good

May 15, 2017
Paul Muolo
Although it lost money on an accounting basis, its funds from operations, or FFO, came in at $78.2 million compared to $64.3 million for 1Q16.
Read More
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