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Invictus Includes Loans Aggregated by Shelter Growth in Latest Nonprime MBS

November 13, 2017
Brandon Ivey
Mortgages aggregated by Shelter Growth account for 43.5 percent of the collateral.
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FHA MMIF Audit Expected to Show Positive Results. As for an MIP Cut, Don’t Bet on It

November 13, 2017
George Brooks
Keep in mind, that one of the first things HUD did under Trump was to kill a planned MIP reduction...
Read More

CFPB, Ocwen Tit for Tat Continues, Thanks to DOJ

November 13, 2017
Thomas Ressler
The common thread in both cases is that Ocwen and PHH similarly assert that the CFPB’s structure is unconstitutional.
Read More

KBW: A Change to the GSE Dividend Sweep ‘Unlikely’

November 13, 2017
Paul Muolo
KBW estimates that if the corporate tax rate falls, Fannie and Freddie, combined, would have to fork over to Treasury an estimated $13 billion to $19 billion…
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Nonprime Lenders Aim to Avoid a Mistake of the Past: Risk Layering

November 13, 2017
Brandon Ivey
Angel Oak Mortgage Solutions, Atlanta, said it has underwriting standards that avoid risk-layering…
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Short Takes: Time for a Hearing on Why There’s No Housing Inventory / The Russians Invest in Mortgages / Angel Oak’s Latest MBS / A Nonprime REIT? / Eight New LOs for Minnesota MB

November 13, 2017
Brandon Ivey and Paul Muolo
Maybe a REIT is the way to go in nonprime...
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What We’re Hearing: The Wilbur Ross Story / Tapping Mortgage Expertise / Enter the Phrase ‘Legal Proceedings’ and See What You Find / David Kittle and the Ginnie Mae Job / Reverse Lender has Record Month / A New Hire for Better Mortgage

November 10, 2017
Paul Muolo
You might say that Wilbur Ross got out of Ocwen while the getting was good...
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Surprise: CMBS Has its Best Issuance Quarter Since 2Q08

November 10, 2017
John Bancroft
Fannie, Freddie and Ginnie continued to dominate multifamily activity…
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Senate’s Tax Reform Bill Maintains Higher Limit for Mortgage Interest Deduction but Housing Industry Warns of Other Faults

November 10, 2017
Brandon Ivey
NAR’s Mendenhall: such provisions “can turn the American Dream into a nightmare for families, as the rug is pulled out from under them.”
Read More

As Promised: If the GOP Lowers the Corporate Tax Rate, the GSEs are in Deep Trouble

November 10, 2017
Carisa Chappell
“A significant reduction in the corporate tax rate would result in a significant net loss, and that could result in a loss for the year,” said Fannie CEO Timothy Mayopoulos…
Read More
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