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…Read More
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...Read More
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.Read More
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. Read More
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...Read More
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.Read More
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.Read More
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. Read More
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.Read More
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.Read More