Impac Considers Opening a Second Origination Center in Effort to Boost Retail September 29, 2016 Brandon Ivey Impac is forecasting $12 billion in originations this year, up 29.0 percent from 2015…Read More
A Significant Increase in ‘Agency’ Jumbos for 2Q; GSE Loan Limit to Increase? September 29, 2016 John Bancroft The baseline agency conforming loan limit likely will rise slightly next year…Read More
Short Takes: So Long to GSE Plaintiff Perry Capital / Lost Cause? / GSE Common is Cheap / RBS Settles CU MBS Case / Front-end or Back-end? September 28, 2016 Paul Muolo Closing the fund means that Perry Capital will have to liquidate its holdings – including its positions in Fannie and Freddie...Read More
Analyst: PHH Corp. Is Just too Cheap; But Will a Buyer Emerge? September 28, 2016 Paul Muolo A decade ago, PHH Mortgage had several suitors, including Countrywide Financial, which once coveted its private-label business…Read More
Ginnie Mae Keeping a Close Eye on Servicing Sales, Liquidity September 28, 2016 George Brooks Ginnie Mae wants to make sure that issuers are not selling all their good loans and retaining the potential dregs…Read More
HUD Rolls Out New Rules for Condo Projects; ‘Spot Approvals’ Reinstated September 28, 2016 George Brooks In addition, HUD proposes to vary its owner-occupancy requirement…Read More
Redwood CEO: JPMorgan ‘Ahead of Everybody Else’ with Non-Agency MBS Packed with GSE-Eligible Loans September 28, 2016 Brandon Ivey The Redwood CEO said the MBS offer a number of benefits to Chase, including effectively cutting the guaranty fee…Read More
Academics Weigh In: DFA Mortgage Rules Benefitted the Wealthy September 28, 2016 Thomas Ressler However, Georgetown University professor Adam Levitin is challenging the findings of his DC-area colleagues.Read More
Short Takes: Trump Has Some Choice Words for Janet Yellen / The CFPB Now Carries the Wells Fargo ‘Shield’ / FBR Likes MI Sector / Alt Credit Score Models? / A New CEO for New Castle September 27, 2016 Paul Muolo and Thomas Ressler Apparently, not everyone is a fan of low rates. Take Donald Trump, for instance...Read More
Freddie Mac Rolls Out Front-End Risk-Sharing Pilot; But No Benefit for Lenders September 27, 2016 Paul Muolo One trade group source had this to say about the arrangement: “There’s no g-fee break? Then it doesn’t sound like front-end coverage that helps lenders.”Read More
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