Fitch Faults CFPB's Plan to Drop DTI Ratio from QM Determination February 13, 2020 Brandon Ivey Fitch believes DTI ratios ensure that borrowers will be able to repay their loans. Read More
Still Hiring: Mortgage Bankers and Brokers February 12, 2020 Paul Muolo Thanks to continued low interest rates, mortgage bankers and brokers are seeking additional workers... Read More
FDIC Passes Safe-Harbor Rule that Aids Private Placements February 12, 2020 Brandon Ivey This is “great news” for banks interested in issuing MBS and ABS, according to attorneys at Mayer Brown…Read More
Goldman, Blackstone Prep Separate Non-Agency MBS Deals February 12, 2020 Brandon Ivey A handful of GSE-eligible mortgages in Goldman's deal have loan-to-value ratios greater than 80% and private mortgage insurance, which is uncommon for loans in non-agency MBS. Read More
JMP Sets a Lofty Price Target on Non-QM Lender February 12, 2020 Paul Muolo In a new research note, JMP describes Velocity as “far from a start-up or rookie company..."Read More
Short Takes: New Rez Ready to Tap the Equities Market Again / The ‘A’ Team has Arrived / Risk Factors? / CHLA Weighs in on FHA / A New Hire for Nations Lending February 11, 2020 Paul Muolo The Community Home Lenders Association called on the White House to end the government mortgage insurer’s life of loan premium policy.Read More
Still Rising: Ginnie Mae MBS Issuance February 11, 2020 John Bancroft January's volume represented the second-highest monthly issuance of forward-mortgage Ginnie securities on record.Read More
Plan to Hike Capital for Nonbank Servicers Met with Disdain February 11, 2020 Dennis Hollier Some industry trade groups have an uneasy feeling about the proposal... Read More
Carrington, Credit Suisse, Starwood Prep Expanded-Credit MBS February 11, 2020 Brandon Ivey The largest of the three pending MBS is a $381.3 million deal from Starwood Property Trust.Read More
Trump Proposes a Hike in Fannie/Freddie Guarantee Fees February 11, 2020 Paul Muolo A 10 basis point hike in g-fees will not go over very well with the industry... Read More