JPM Continues to Dominate (By Far) as a Securitizer of USDA Loans January 6, 2016 George Brooks Chase’s nine-month USDA volume translated into a 31.0 percent market share.Read More
HELOC 'Like' Product Hits the Market January 6, 2016 Brandon Ivey Depending on the product, loan amounts can range from $100,000 to $250,000...Read More
Mortgage CEO: ‘TRID Cost Us $500K in Profits’ Last Month January 6, 2016 Paul Muolo This CEO called the letter a "godsend."Read More
IMA Rolls Out Fannie Mae MSR Deal, More Auctions in the Works January 6, 2016 Paul Muolo The receivables are dominated by Texas collateral at almost 62 percent. Read More
JPM Fined $48 Million for Violating OCC Servicing Consent Order, EverBank $1 Million January 6, 2016 Brandon Ivey The OCC said the mortgage-related fine against Chase was due to the servicer’s actions from December 2011 through November 2013...Read More
Short Takes: Freddie Mac Gives Price Breaks Through LOMC / What Happened to G-Fee Parity? / New CEO for Lenders One? / loanDepot Cranks Out the Second Liens / New Hires for National General January 6, 2016 Paul Muolo Introduced in Sept. 2015, fundings of loanDepot home equity loan products have nearly doubled every month since launch...Read More
Interest-Only Loan Volume Fails to Keep Pace; PHH Still No. 1 January 5, 2016 Brandon Ivey PHH Mortgage remained the predominant IO lender with $3.43 billion during 3Q15, but the firm’s volume fell 16.9 percent on a sequential basis. Read More
Ginnie Mae Pools Likely to See Rising Share of VA Collateral This Year January 5, 2016 George Brooks Overall, Ginnie securitization of FHA and VA purchase loans increased by 37.7 percent and 37.9 percent, respectively, during the third quarter, according to Inside Mortgage Finance’s database.Read More
Two Harbors Set to Continue Prolific Jumbo MBS Issuance with First Deal of 2016 January 5, 2016 Brandon Ivey The Two Harbor deal ends a span of 31 days without a presale report for a new non-agency security.Read More
Expect a Cut in FHA Premiums by Mid-Year 2016? January 5, 2016 Paul Muolo Industry consultant (and frequent FHA critic) Ed Pinto, who studies housing issues for the AEI, predicted a premium cut in his year-end roundup...Read More