Trouble in IO Land? 1H17 Production Down Almost 20 Percent October 4, 2017 Brandon Ivey First Republic Bank originated $1.90 billion of IOs in the second quarter of 2017, ranking first nationwide.Read More
Ocwen Says SEC Clears it of Wrongdoing in Two Matters October 4, 2017 Paul Muolo Ocwen suggests that other mortgage firms are being investigated by the SEC for their use of collection agents...Read More
After 75 Years, the NAHB Tosses the Mortgage Interest Deduction Overboard October 4, 2017 Paul Muolo NAHB's Jerry Howard said a doubling of standard deductions – if it becomes law – could prove to be a powerful financial tool for home buyers.Read More
Short Takes: FHFA’s Watt Tells Panel He Can Go It Alone / A Deal (Eventually) with Treasury’s Mnuchin? / Sen. Warren to Wells CEO: You Should be Fired / Wells’ Rate-Lock Mess / A New Hire for Silver Hill October 4, 2017 Carisa Chappell and Paul Muolo A handful of GSE watchers we spoke to believe that in time Watt will work out a compromise with Treasury Secretary Steven Mnuchin on zero capital...Read More
A Coming Boom for Non-Agency MBS? New Deals are Oversubscribed October 4, 2017 Brandon Ivey Kroll Bond Rating Agency projects that about $11.0 billion of prime non-agency MBS will be issued this year…Read More
Lenders Defend Bank-Statement Mortgages October 3, 2017 Brandon Ivey “Today we can definitely say we know everything about that borrower,” said Steven Schwalb of Angel Oak…Read More
FHFA Director Mel Watt Once Again Sounds Warning on GSE Capital Buffer, Offers Hints on What He Might Do October 3, 2017 Paul Muolo FHFA Director Mel Watt: “In fact, it is especially irresponsible for the enterprises not to have such a limited buffer..." Read More
HomeStreet Scales Back Mortgage Operations, Cites Lack of Housing Supply on West Coast October 3, 2017 Brandon Ivey HomeStreet will reduce its mortgage banking staff by 60 full-time equivalent employees...Read More
IMA Launches Auction for $9.6 B Fannie/Freddie MSR Portfolio October 3, 2017 Paul Muolo The Fannie/Freddie MSR portfolio has no delinquencies whatsoever… Read More
IG Blasts FHFA for Escalating Costs in New Fannie Mae HQ October 3, 2017 Carisa Chappell Meanwhile, FHFA Director Mel Watt called the new IG audit “seriously flawed…”Read More
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