If Mortgage Bankers Need Extra Revenue, They Can Sell Leads to Real Estate Agents July 7, 2016 Brandon Ivey Researcher Tom Popik noted that real estate agents rarely mention lenders as a “favorite” source of leads…Read More
Mortgage Company Parent Firm J.G. Wentworth Being Delisted by the NYSE July 7, 2016 Paul Muolo In general, this is not a pretty time for mortgage-related stocks, even though interest rates are at an all-time low.Read More
HUD IG Prods Agency to Provide Documents in a ‘Timely and Complete’ Manner July 7, 2016 George Brooks On occasion, HUD staff denied or sat on IG requests for information…Read More
The TRID ‘Scratch & Dent’ Market is Still Humming Along, but… July 7, 2016 Paul Muolo TRID errors have been costly with some lenders forced to sell perfectly good mortgages at a loss in the secondary market…Read More
Don’t Look Now, but Nonbanks Had the Market Share Lead on GSE Deliveries in 2Q16 July 7, 2016 John Bancroft Nonbank mortgage lenders saw a 33.0 percent increase in GSE deliveries during the second quarter…Read More
How Low Might the Yield on the 10-Year Treasury Go? What About 1.0 Percent? July 6, 2016 Paul Muolo A recession in the U.S. could cause the 10-year Treasury bond to yield 1.0 percent…Read More
Short Takes: Another Refi Boom? Maybe Not / Application Volumes Can Vary / MBA’s Tally / Pickup’s Stake in Impac / Ditech Hires Former JPM Executive July 6, 2016 Paul Muolo The refi share of new applications is now at 61.6 percent…Read More
Fitch Says Positive Rating Benefit for Non-Agency MBS with Deal Agent will be Small July 6, 2016 Brandon Ivey The rating service said the expected loss benefit at the AAA level will likely be modest or immaterial for most transactions.Read More
FHA Condo Lending Declines; Trade Groups Push for Action on Legislation July 6, 2016 Paul Muolo and George Brooks The bill would lower FHA’s current owner-occupancy requirement from 50 percent to 35 percent…Read More
The Mortgage IPO Market: Dead Until Next Year; Research Firm Closes July 6, 2016 Paul Muolo As one equities official noted: “It’s not fun being a stock analyst these days.”Read More
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