Conventional-Conforming Market Tapped into Surging Refi Business in 3Q17 November 16, 2017 John Bancroft Roughly $269 billion of conventional-conforming loans were originated from July through September, according to Inside Mortgage Finance...Read More
Lenders Start Your Engines: Texas Loosens Home-Equity Regulations November 16, 2017 Brandon Ivey The proposition revises the strict fee limits that Texas places on home-equity lines…Read More
Ginnie Mae President Candidate David Kittle Tells White House He Doesn’t Want the Job November 16, 2017 Paul Muolo Kittle was first approached by the White House nine months ago about the job.Read More
House Panel Passes Bill That Would Override State Usury Laws November 16, 2017 Thomas Ressler It remains to be seen whether the language of the bill will be incorporated into the regulatory relief package…Read More
Academy Mortgage Production EVP Departs November 16, 2017 Paul Muolo Nemec oversaw a retail network of 250 branches...Read More
Short Takes: Another Mortgage Trade Group Chief Announces Retirement / Redfin’s Mortgage Arm Growing Slowly / Annaly Executives Continue to Buy Stock / World Debt and U.S. Mortgage Debt / Resitrader’s Growth November 16, 2017 Brandon Ivey and Paul Muolo Annaly executives have purchased $24.3 million worth of company stock in the open market since 2011...Read More
Mortgage REITs Boost Residential MBS Holdings in 3Q17 November 16, 2017 John Bancroft MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…Read More
Watt Likely Won’t Act on Zero Capital Buffer This Year, but Consensus Forming on a GSE Bill? November 16, 2017 Paul Muolo Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…Read More
Chase to Include a Large Amount of Non-QMs in its Latest Jumbo MBS November 15, 2017 Brandon Ivey The new MBS from JPM concentrates on jumbo mortgages. The average loan balance is $952,747.Read More
Speculation Mounts: More Banks May Exit Mortgages November 15, 2017 Paul Muolo Meanwhile, there’s already speculation that Capital One – known for its prowess in credit cards – might eventually re-enter the mortgage business in one way or another.Read More
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