Fannie Reclaims (Some of the) Share it Lost in First-Time Homebuyer Market August 22, 2016 John Bancroft By itself, the FHA insured 37.1 percent of first-timer business in the first half of 2016…Read More
What We’re Hearing: LO Jobs in Danger From Hal? / How Many Mortgage Loan Officers Are There? / The Human Touch / American Home’s Michael Strauss is Back with Nonprime Lender / 'Alt A' Lending May Return August 19, 2016 Paul Muolo Of course, it’s debatable how many LO jobs might disappear through automation...Read More
Phoenix Selling Flow MSR Package that Could Yield $4.8 Billion August 19, 2016 Paul Muolo Meanwhile, MountainView Servicing Group is selling a $1.9 billion Fannie Mae/Freddie Mac bulk MSR portfolio…Read More
PennyMac’s Stan Kurland Returns to His Past: Table Funding Through Loan Brokers August 19, 2016 Brandon Ivey PennyMac also is pursuing new initiatives to grow seller relationships with credit unions and smaller banks…Read More
The Love Affair Continues: Bank Holdings of MBS Hit a New High in June. GSE Paper Leads the Way August 19, 2016 John Bancroft Depositories also added to their Ginnie Mae pass-through investments, but by only 0.7 percent…Read More
Credit Suisse Involved in Warehouse Financing Security Backed by Agency-Eligible Mortgages August 19, 2016 Brandon Ivey The deal is secured by a master repurchase agreement, purchased mortgages and related assets.Read More
Short Takes: Freedom, Now the Big Kahuna of FHA & VA / Quite an FHA Decline for BofA / Job Cuts at Ditech / Bad Timing / A New Subprime MBS? August 18, 2016 Paul Muolo and John Bancroft Will the last megabank left in the FHA market please turn off the light...Read More
Fannie Mae in Largest Manufactured Housing Deal Ever: $1 Billion August 18, 2016 Carisa Chappell Since 2000 Fannie Mae has provided more than $9.5 billion in liquidity to the manufactured housing sector.Read More
‘Fix & Flip’ Lender Raises $10 Million, Has its Eye on $100 Million August 18, 2016 Paul Muolo Most of its production is tied to homes in the Golden State but CALCAP hopes to go national one day.Read More
Angel Oak’s Second Nonprime MBS Deal is Still a Go… August 18, 2016 Paul Muolo Angel Oak’s first nonprime MBS came to market in December of last year and was backed by collateral with an average interest rate of 7.51 percent.Read More
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