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JPM to End a Two-Month Drought in Issuance of Prime Non-Agency MBS

May 16, 2017
Brandon Ivey
The size of the pending jumbo deal from JPM has not been disclosed yet, but AMC, Clayton and Opus are working on reviews...
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Brian Hale Out as CEO of Stearns; Former JPM Exec David Schneider is In

May 16, 2017
Paul Muolo
Out as CEO is Brian Hale, who helped groom the company for much of this decade. Hale is departing for a new venture called DCC Holdings.
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Brian Montgomery Back as FHA Commissioner?

May 15, 2017
Paul Muolo
Montgomery currently serves as vice chairman of The Collingwood Group, a consultancy which he co-founded in 2009.
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Short Takes: Nationstar Mails ‘Mr. Cooper’ Notices / B.D. Cooper? / This is Not a Loan Transfer / Messina on PHH Staffing Levels / Alterra Makes National Hire

May 15, 2017
Paul Muolo
Alterra Home Loans hired Tom Middleton as senior vice president of business development and national expansion. He joins the nonbank from On Q Financial...
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Jumbo Lending Down 29 Percent in 1Q17: JPM Tops the List…

May 15, 2017
Brandon Ivey
JPMorgan Chase ranked first in the jumbo production with $10.89 billion…
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VA Explains Characteristics of an ‘Egregious Loan’

May 15, 2017
George Brooks
The VA panel presented several “egregious loan” scenarios involving reviews of several mortgages from 2016 in which lenders were required to sign indemnification agreements.
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Trump’s Tax Proposals: Should Housing Worry? Really?

May 15, 2017
Brandon Ivey
The plan to raise the standard has been met with hostility by many in the residential real estate industry, said Matthew Pointon, an economist at Capital Economics.
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Invitation Homes Posts $42.4 Million Net Loss for 1Q, But ‘FFO’ Looks Good

May 15, 2017
Paul Muolo
Although it lost money on an accounting basis, its funds from operations, or FFO, came in at $78.2 million compared to $64.3 million for 1Q16.
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What We’re Hearing: Mel Watt: Not on My Watch / Sen. Corker’s $10B Experiment with the People’s Money / Sen. Elizabeth Warren, Arrogant? / Will Pershing Square and Fairholme Win the Bet? / Wells Fargo Readies Jumbo MBS / Ocwen Needs More Time

May 12, 2017
Paul Muolo
Several trade groups, investors and analysts quickly issued their take on Watt’s comments, but there were some notables missing in action: Pershing Square and Fairholme.
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Investors Salivate at the Largest Nonprime MBS Since the Financial Crisis

May 12, 2017
Brandon Ivey
The Lone Star MBS received AAA ratings with credit enhancement of 34.10 percent on the senior tranche.
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