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Jumbo MBS on the Mend? Three Recent Deals Spark (Muted) Optimism

November 13, 2015
Brandon Ivey
Industry analysts suggest that while liquidity for new jumbo MBS remains limited, the securities can be a good investment.
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Recapping the GSEs While Promoting Affordable Housing – Can Such a Concept Fly?

November 13, 2015
Carisa Chappell
The authors want the Treasury Department to end the quarterly profit sweep and allow Fannie and Freddie to raise about $100 billion in additional capital through several rounds of new common stock sales...
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FHA Issues Interim Guidelines for Condo Project Approval

November 13, 2015
George Brooks
The interim guidelines modify three key areas where lender-complaints have been common, including a revision to the calculation of the owner-occupancy ratio.
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What We’re Hearing: loanDepot, What the Heck Happened? / Marketing Itself as Technology and Consumer Finance Firm / Eventually, the IPO Will Happen / Salivating Short Sellers? / Waiting on the FHA MMIF Audit

November 13, 2015
Paul Muolo
A handful of hedge funds were salivating at the prospect of shorting loanDepot's stock...
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A Break for MSAs? In PHH Filing, CFPB Does Not Assert That All Arrangements are Inherently Unlawful

November 12, 2015
Thomas Ressler
“I didn’t see any bold, new assertions in here,” said one legal source. “I think the CFPB has its theory and they’re sticking to it…”
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Another Milestone for Private MIs: 3Q Highest Business Volume Since the Bust

November 12, 2015
John Bancroft
The third-quarter figure was the largest new insurance written total for the industry since 1Q 2008, when private MIs booked $72.17 billion of new coverage.
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A Stonegate Mortgage Disclosure: 47 Branches in the Process of Being Closed

November 12, 2015
Paul Muolo
It's unclear how the Indianapolis-based Stonegate will compensate for the anticipated loss in originations once it closes the 47 branches.
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CoreLogic: Foreclosure Inventory Down to 470,000 Homes and Sinking Fast

November 12, 2015
Paul Muolo
Over the past 12 months, Florida had the highest number of completed foreclosures at 91,000.
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In IPO Documents, Nation’s No. 11 Ranked Lender loanDepot Values Itself at $621 Million

November 12, 2015
Paul Muolo
The last nonbank mortgage lender to go public was Stonegate Mortgage, which brought its IPO to market two years ago.
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Short Takes: And the Lenders One President Is… / Mortgage Ads on the Front Page of The Washington Post / Atlantic City’s Foreclosure Crisis / First American Reports Order Increase / CoreLogic Expands Multifamily Effort

November 12, 2015
Paul Muolo
Although the home foreclosure inventory is falling compared to a year ago, some metropolitan areas are seeing an increase in new filings, including Atlantic City.
Read More
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