Fresh HMDA Data Show a Surge in Refi and Govt. Purchase Loans Sparked Production Last Year October 4, 2016 John Bancroft Interestingly, new originations increased slightly more than the 31.2 percent increase in new applications filed during the year.Read More
Short Takes: PHH’s Disclosure Was Long Expected / Doomed? / PHH Asks for ‘Confidential Treatment’ / Compliance Can Cost / Expanded HMDA Collections Coming Soon October 4, 2016 Paul Muolo and Thomas Ressler PHH also wants certain information kept confidential...Read More
Analysis: GSE ‘Patch’ and High Cost Limits Account for 25% of their Business October 3, 2016 John Bancroft In the first six months of 2016, Fannie and Freddie securitized $64.52 billion of single-family mortgages with DTI ratios exceeding 43 percent.Read More
Collingwood Capital Advisors: Mortgage Market Ripe for M&A October 3, 2016 Paul Muolo In the mortgage M&A space, there continues to be a disconnect between buyers and sellers…Read More
Retail Channel Yields High Credit Score Refi Loans October 3, 2016 John Bancroft Retail loans had lower debt-to-income ratios as well…Read More
Non-QM Liquidity Has Arrived; Warehouse Lenders On Board Too October 3, 2016 Brandon Ivey Angel Oak said more warehouse banks are growing comfortable with non-QM collateral…Read More
New York Clergy Worries About GSEs Being Dismantled. Resurrect and Release? October 3, 2016 Paul Muolo “We hope that you will help us to push back on current efforts to gift the proprietary infrastructure of Fannie Mae and Freddie Mac to the big banks,” the clergymen write.Read More
Short Takes: A CEO ‘Beyond’ Horrible? / In Demand: Top Mortgage Talent / Repositioning with Capital / Are the GSEs Losing Money? / Budget Season Has Started October 3, 2016 Paul Muolo As mortgage firms plan their budgets for next year, executive talent is in demand...Read More
Exclusive: Fannie and Freddie Received Marching Orders from the FHFA: Have the Same G-Fees September 30, 2016 John Bancroft The directives make clear that the minimum g-fee applies only to swap transactions…Read More
VA Mulling Changes to Resolve QM-Related Issues in the IRRRL Program September 30, 2016 George Brooks It appears some VA lenders are refinancing veteran borrowers into IRRRLs before the end of the six-month seasoning period.Read More