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Short Takes: Congress Turns Grinch on GSE CEO Salaries / A Disappearing Asset: GSE REO / VantageScore Sees Huge Gain in Orders / Two Harbors Adds Former RBC Vice Chair to Its Board

November 17, 2015
Carisa Chappell and Paul Muolo
At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…
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REITs Continue to Shy Away from Mortgage Securities; Is the MBS ‘Trade’ Dead?

November 16, 2015
Paul Muolo
This observer, requesting anonymity, said bluntly that the MBS “trade” is over, a summation that is bolstered in part by so many Wall Street firms either closing their trading desks or scaling back...
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On the Rise: Nonprime, Non-QM Loan Volumes

November 16, 2015
Brandon Ivey
Impac’s initial foray into non-QM production was sourced mostly through the wholesale channel.
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FHA MMIF Hits $23.8 Billion, Surpassing 2.0 Percent Capital Threshold

November 16, 2015
Paul Muolo
It's the first time since 2008 that the MMIF has had a capital ratio north of the congressionally mandated 2 percent minimum.
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Rising Population of Young Vets Could Spur More VA Lending

November 16, 2015
George Brooks
The number of young vets has risen while the 35- to 64-year-old bucket has shrunk...
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Silver Hill Now Taking Applications on SBC Loans, Including Multifamily

November 16, 2015
Paul Muolo
A nationwide roll out of the small-balance product starts next year.
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Okay, So the MMIF is North of 2 Percent, but Don’t Expect a Premium Cut

November 16, 2015
George Brooks
So, will the FHA cut the MIP? Absolutely not, at least not at this time.
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Short Takes: Private MIs Want Higher FHA Capital Standards / Ocwen Sells Short-Term Paper / CoreLogic Updates Risk Model on Jumbos / Due Diligence Providers Added / Correction

November 16, 2015
Brandon Ivey and Paul Muolo
Some believe the FHA MMIF minimum capital standard should be 4.5 percent, not 2.0 percent.
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Bank Demand for Jumbos Expected to Continue

November 16, 2015
Brandon Ivey
Jumbo mortgages have provided commercial banks and thrifts with good profits margins. Of course, it helps that deposit rates are almost non-existent.
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Freddie Mac’s Planned Whole Loan Securities Transaction Receives Rating

November 13, 2015
Brandon Ivey
The loans to be included in the deal are similar to the types of mortgages that have been included in jumbo MBS issued in recent years.
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