Short Takes: A New Loan Record for Freddie Mac / CFPB Warns Seniors About Reverses / Refis on the Rise a Bit / SFR Official Gets Ginnie Job / A New Hire for Mortgage Network August 24, 2017 Paul Muolo and Sherry Muolo According to a Freddie spokesman, the loan represents the “the largest-ever single-asset tax-exempt financing completed” by the GSE…Read More
Regulators Propose Halt of Tougher MSR Capital Requirements for Regional Banks August 23, 2017 Brandon Ivey The proposed suspension generally applies to banks with less than $250 billion in total assets.Read More
Despite Coming Ban, Starwood REIT to Buy Non-QMs with FHLBank Help August 22, 2017 Brandon Ivey Starwood didn’t disclose the volume of non-QMs it has acquired at this point.Read More
Wells Fargo Wins the Bid for Seneca Mortgage August 22, 2017 Paul Muolo Other bidders on the $53.6 billion MSR portfolio include JPMorgan Chase and New Residential…Read More
Short Takes: Mortgage Apps Decline / What to do About Fannie and Freddie? / A Fast Grower, Guild has its Eye on M&A / Walter Bolting Reverses / A Promotion at UWM August 22, 2017 Paul Muolo, George Brooks, and Carisa Chappell A fast grower, Guild Mortgage is open to buying other shops...Read More
OCC Sets Process for Banks to Originate Mortgages with LTV Ratios Greater than 100 Percent August 22, 2017 Brandon Ivey The OCC noted that Fannie Mae, Freddie Mac and the FHA all offer loan options aimed at property rehabilitation…Read More
Morgan Stanley Declares 5.2 Percent Stake in PHH Corp. August 22, 2017 Paul Muolo PHH is in the throes of transforming from a business predicated on private-label originating and servicing to being mostly a subservicing vendor.Read More
Watchdog Group Seeks Answers from CFPB About Clayton Homes’ Lending Practices August 22, 2017 Thomas Ressler Clayton Homes is one of the nation’s largest mobile home sellers, and is owned by Warren Buffett’s Berkshire Hathaway.Read More
Ellington Financial Sells $86 Million Worth of Notes August 22, 2017 Sherry Muolo Ellington is showing an increasing interest in the non-QM market…Read More
Short Takes: loanDepot’s Hsieh has Some Fun / Fannie’s Forecast / Finance of America Ramps Up Reverses / Jumbo Credit Standards Loosened, Somewhat / New Regional Hires for Silver Hill August 22, 2017 Paul Muolo and Brandon Ivey No update from loanDepot on the IPO, but CEO Anthony Hsieh took some shots at the rumor mill...Read More
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