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Mortgage REITs Trim Holdings of Residential MBS. Departures Play a Key Role

November 11, 2016
John Bancroft
Second-ranked AGNC Investment Corp. – formerly American Capital Agency Corp. – reported a 2.2 percent increase in its MBS holdings under a new management structure…
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RE/MAX Releases Details on Mortgage Brokerage Launch. Initial Fee of $20K

November 11, 2016
Brandon Ivey
RE/MAX promises that its new loan brokerage franchise concept is RESPA compliant...
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Non-QM/Subprime Lenders Seek Ratings. A Harbinger of More Securitizations?

November 11, 2016
Paul Muolo
An executive at Angel Oak Capital, Atlanta, parent of Angel Oak Home Loans, confirmed that his firm is seeking a rating and would like to issue a rated non-QM MBS someday…
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GSEs Continue to Sell Nonprime Holdings

November 11, 2016
Brandon Ivey
The serious delinquency rate on Fannie’s purchased/guaranteed Alt A mortgages was 5.27 percent at Sept. 30, down from 6.75 percent the year before.
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Credit Suisse More than Doubles Its Mortgage-Lending Warehouse Securitization Balance to $2.0 Billion

November 11, 2016
Credit Suisse issued two more series of notes this week on its mortgage-lending warehouse securitization offering, according to Moody’s Investors Service. The $1.20 billion in total new issuance from the Wall Street firm followed two notes it issued in August totaling $800 million. As with the August issuance, the new Mortgage Repurchase Agreement Financing Trust, Series 2016-3 and Series 2016-4, received A2 ratings from Moody’s. All of the deals were underwritten by Credit Suisse and HSBC Securities. The transactions are backed...
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What We’re Hearing: All Hail Donald? / Leaving Town Soon: Richard Cordray / The Subprime Industry Just Doubled in Value / Will Mortgage Call Center Jobs Return? / Free at Last: Fannie Mae and Freddie Mac?

November 11, 2016
Paul Muolo
In case you didn’t know it, the Irvine, CA-based Citadel now services roughly $650 million in nonprime loans. Angel Oak and Deephaven use subservicers…
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MI Industry on Track for Best Year Ever. Arch Posts Strongest Growth Rate Among the PMIs

November 10, 2016
John Bancroft
FHA endorsements rose 16.6 percent from the second quarter and VA loan guaranty production increased 20.3 percent…
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GSE Low Downpayment Programs Slow to Take Off. But Freddie CEO is Hopeful

November 10, 2016
Carisa Chappell
CEO Debra Still of Pulte Mortgage blamed low usage on the fact that Fannie and Freddie use different terminology and eligibility criteria for things like area median income.
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NY Regulators Fine PHH $28 Million for Origination and Servicing Problems

November 10, 2016
Brandon Ivey
PHH officials say the company has improved its servicing operations in recent years and agreed to the consent order “to avoid the distraction and expense of litigation.”
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Trump’s HUD Secretary Pick Could be Brian Montgomery of The Collingwood Group

November 10, 2016
Paul Muolo
Another candidate for the HUD job is believed to be Pam Patenaude, president of the J. Ronald Terwilliger Foundation for Housing America’s Families.
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Latest Imf News

  • MGIC Tops Private MI Providers in Second Quarter

  • Mortgage Delinquencies Let Up in 2Q, Still Above 2025 Levels

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  • GSEs Formally End Green MBS Programs

More Imf News

Featured Data

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More Featured Data

Featured Reports

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  • Mortgage Servicing Rights Report: 1Q26 (PDF)

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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