Private MIs Push for More Transparency in GSE Pricing, Underwriting October 25, 2018 John Bancroft While the FHFA has proposed a formal rulemaking on GSE capital, the current standard known as the conservatorship capital framework has not been made public…Read More
The Final Tally for 3Q18 Originations: $435 Billion. Modest Declines Expected in the Quarters Ahead October 25, 2018 John Bancroft The mortgage market was somewhat more top-heavy in the third quarter, with the top 25 lenders accounting for 57.7 percent of total production…Read More
Short Takes: HUD Chief on GSE Reform / Carson’s Sober Take on Interest Rates / New Rez’s MSR Bet Paying Off? / In Love with a 4 Percent Mortgage / Incenter Executive Leaves for Blue Water October 25, 2018 Paul Muolo HUD Secretary Ben Carson had some sobering thoughts about low interest rates...Read More
Jumbo-Conforming Spread Closer than Perceived October 24, 2018 Brandon Ivey During the financial crisis, average interest rates on conforming mortgages were much lower than rates on jumbos…Read More
Industry Consultant Dave Lykken: Fourth Quarter will be a ‘Blood Bath’ October 24, 2018 Paul Muolo Rick Roque, managing director of Menlo Company, sees tough times ahead as well...Read More
Trouble Brewing? FHA and VA Delinquencies on the Rise October 24, 2018 John Bancroft No wonder Ginnie Mae Acting President Michael Bright is nervous: Short-term default rates showed the biggest increases…Read More
Senate Banking Committee Hearing on GSE Pilots is Back On – Post Election October 23, 2018 Paul Muolo Cowen expects the next FHFA director to either terminate the GSE pilots or let them expire...Read More
Flagstar’s Originations Up Slightly in Third Quarter, GOS Takes a Hit October 23, 2018 Brandon Ivey Correspondent production accounted for 76.1 percent of Flagstar’s originations during the quarter...Read More
Short Takes: A 52-Week Low for Texas Capital / But Strong Earnings / Concern over the Future of Warehouse Lending? / TIAA’s Third Non-agency MBS / HomeStreet Sees Lower Production, Dark Clouds October 23, 2018 Brandon Ivey and Paul Muolo TIAA is preparing to issue its third prime non-agency mortgage-backed security of the year...Read More
Purchase Mortgages Dominate Jumbo MBS Issuance in 3Q18 October 22, 2018 Brandon Ivey Prime jumbo MBS issuance continues to be dominated by 30-year FRMs, with few interest-only products represented…Read More
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