MIAC Offering $1 Billion-Plus of Mortgage Servicing Deals June 8, 2016 Paul Muolo The bid deadline on the $783 million portfolio is June 16. The other deal – heavy with Texas product – has a bid decline of June 15.Read More
More Interest-Only Loans Set to Recast, Fewer Defaults Expected June 8, 2016 Brandon Ivey Last year, $18.8 billion in outstanding IOs in non-agency MBS hit 10-year recasts…Read More
JPM Hiring Hundreds of Mortgage Workers, BofA Active as Well June 8, 2016 Paul Muolo Equity Prime Mortgage of Atlanta said it’s hiring in all areas, including sales, servicing, operations and compliance…Read More
New Jumbo MBS from Chase to Include Loans Subject to TRID June 8, 2016 Brandon Ivey However, Fitch did raise concerns about the expenses associated with Pentalpha Surveillance, which will review potential breaches of representations and warranties… Read More
Warehouse Commitments Were Flat in 1Q, but Demand and Usage Rates Are Increasing June 8, 2016 Paul Muolo Another bank seeing a pickup in clients is Southwest Bank, Dallas…Read More
Short Takes: NAR to CFPB: Tell Lenders They Can Share the Closing Disclosure Form / Sharing Already? / Don’t Expect Huge TRID Changes / Who’s For Sale? / Ellie Mae, Generous with its Directors June 8, 2016 Paul Muolo Rumor has it that a mid-sized nonbank based in the Western U.S. is entertaining takeover offers...Read More
Mixed Trends in Banks’ First Lien Holdings; A Stunning Increase for JPM June 7, 2016 Brandon Ivey JPMorgan Chase may not like FHA loans very much, but it certainly has a strong appetite for jumbos, hence the huge growth in its retained portfolio...Read More
Rep. Hensarling Lays Out Dodd-Frank ‘Alternative’; Expanded Safe Harbor June 7, 2016 Thomas Ressler Changes include an ability-to-repay safe harbor for loans held in portfolio...Read More
Lone Star Prepares What Could be the Largest Post-Crisis Nonprime MBS to Date June 7, 2016 Brandon Ivey The Lone Star bond could also receive credit ratings, which would be a first for a nonprime MBS backed by new originations in the post-crisis era...Read More
Will New 3% Down GSE Programs From Wells and JPM Steal Market Share from FHA? June 7, 2016 George Brooks In addition, yourFirstMortgage does not require an upfront mortgage insurance premium…Read More
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